Thursday, March 11, 2010

WOW: New CBO numbers: HCR cuts deficit by $118 billion


CBO has updated its assessment of the Senate-passed health care bill that will form the basis of the final health care package once the reconciliation package of 'fixes' is complete:

Obama health bill gets boost from budget office

WASHINGTON (AFP) – In a boost to President Barack Obama's flagship reform drive, the Congressional Budget Office said Thursday a Senate health care bill would cut the deficit by 118 billion dollars.

The release of the report thickened the intrigue in a tense period of vote hunting for Obama's Democratic allies in the House of Representatives, with the White House pushing for a crucial vote on the measure within a week.

The non-partisan CBO said in its updated assessment that the Senate bill would cost 875 billion dollars over 10 years and reduce projected budget deficits by 118 billion dollars.

In a bid to thwart Republican obstruction tactics, Obama wants the House to pass the Senate bill along with a package of "fixes" in a delicate political maneuver that represents the last hope for his key domestic priority.

REST AT http://www.dailykos.com/storyonly/2010/3/11/845218/-New-CBO-numbers:-HCR-cuts-deficit-by-$118-billion?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dailykos%2Findex+%28Daily+Kos%29

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