White House says social spending package would cut deficit by $112 billion over 10 years

by Aurelia Butler 19 November 2021, 00:31 189 Views

WASHINGTON (Reuters) – The White House said on Thursday that its social spending package, known as the “Build Back Better” Act, would reduce the deficit by $112 billion over the next decade according to a new analysis.

The statement came out just after the non-partisan Congressional Budget Office, charged with evaluating the cost of legislation, found that the bill would raise the federal deficit by $367 billion over the next decade.

Source: Economy - investing.com

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White House says social spending package would cut deficit by $112 billion over 10 years

Europeans are headed to the United States — here’s where they’re going

The EU’s looming mismatch between climate ambition and minerals supply

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