Balancing federal budget in 10 years could require 41 percent cut to programs, when excluding Social Security: CBO ...Middle East

Hopes by lawmakers to balance the federal budget in a decade through reductions in spending could mean significant cuts to programs to achieve that goal, an analysis released by the Congressional Budget Office (CBO) said on Tuesday. The analysis, requested by Democrats, crunches the numbers behind what achieving a balanced budget in the next 10 years would mean for federal programs. The report comes as Democrats have sought to hammer Republicans over proposals to balance the budget in the timeframe through potentially steep cuts to spending. In its recent analysis, the nonpartisan budget scorekeeper said its current baseline projections show the nation’s federal budget deficit woul

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Last updated : 15 March 2023 clock 03:29 AM

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Balancing federal budget in 10 years could require 41 percent cut to programs, when excluding Social Security: CBO ...Middle East

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