Tuesday, January 1, 2013

CBO: "Fiscal Cliff" Deal Adds $4 Trillion To The Debt Over The Next Decade

The Hill reports:


The Senate deal to avoid the "fiscal cliff" will add roughly $4 trillion to the deficit when compared to current law, according to new numbers from the Congressional Budget Office (CBO).  The CBO determined Tuesday that the package, hammered out late Monday evening by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.) would — over the next decade — come with a $3.9 trillion price tag. 

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