Summary
[Infrastructure bill will cause the US budget deficit to expand by US$256 billion]The US Congressional Budget Office (CBO) said on Thursday that the bipartisan US infrastructure bill would increase the federal budget deficit by US$256 billion within 10 years. The propositions for full payment of a series of funding measures are different. The Congressional Budget Office’s estimate may cause the bill to lose the support of some Republicans who oppose deficit spending, but the number of votes lost is not expected to affect the passage of the bill. Senators seek to advance the legislation before Congress adjourns in August. (Zhitong Finance Network)
The U.S. Congressional Budget Office (CBO) said on Thursday that the bipartisan U.S. infrastructure bill will increase the federal budget deficit by $256 billion within 10 years, which is different from the proposal of lawmakers that expenditures will be fully paid by a series of funding measures. The Congressional Budget Office’s estimate may cause the bill to lose the support of some Republicans who oppose deficit spending, but the number of votes lost is not expected to affect the passage of the bill. Senators seek to advance the legislation before Congress adjourns in August.
(Source: Zhitong Finance Network)
.