Analysts: Senate Democratic Plan Would Save $2.2 Trillion

By: AP
By: AP

WASHINGTON (AP) - Congressional budget analysts say a Senate
Democratic plan to cut spending and increase the nation's borrowing
authority would save $2.2 trillion over 10 years.

The Congressional Budget Office released its estimate Wednesday
morning. The analysis also said the plan by Senate Majority Leader
Harry Reid would save $840 billion in non-war spending by
government agencies.

The analysis said it would reduce the government's interest
payments by $375 billion over a decade. The bulk of the reductions
come from projected savings of $1 trillion from the winding down of
the wars in Iraq and Afghanistan.

The CBO analysis of the House Republican plan showed fewer
savings than Speaker John Boehner promised, forcing him to revise
his proposal. House leaders had to postpone a vote on the measure
scheduled for Wednesday.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 126249383 - kbtx.com/a?a=126249383