New estimate says budget deal raises deficit $41B - KNOE 8 News; KNOE-TV; KNOE.com |

New estimate says budget deal raises deficit $41B

Posted: Updated:
Source: AP Source: AP

WASHINGTON (AP) - Congress' budget office estimates that the just-announced budget deal would increase the deficit over the next two years by $41.4 billion.

The analysis also says the deal would save taxpayers $23 billion, when calculated over the coming decade.

But there's a cost when it comes to deficits.

The budget office says the bipartisan agreement would increase the deficit by $23.2 billion in 2014 and by $18.2 billion the year after that.

The deal permits $63 billion in relief from automatic spending cuts over the coming two years and substitutes $85 billion in longer-term savings and fee proposals over the coming decade.

That framework has drawn the ire of some conservatives.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Grambling State senior found dead in Lafayette park ditch

    Grambling State senior found dead in Lafayette park ditch

    Monday, April 14 2014 1:24 PM EDT2014-04-14 17:24:57 GMT
    GRAMBLING, La. (KNOE 8 News)— The Grambling State University community is in shock by the death of a senior criminal justice major.
    GRAMBLING, La. (KNOE 8 News)— The Grambling State University community is in shock by the death of a senior criminal justice major.
  • Body found at Tallulah motel

    Body found at Tallulah motel

    Monday, April 14 2014 5:18 PM EDT2014-04-14 21:18:24 GMT
    TALLULAH, La. (KNOE 8 News) - A body has been found outside a Tallulah motel.
    TALLULAH, La. (KNOE 8 News) - A body has been found outside a Tallulah Days Inn motel.
  • McAllister camp finally speaks

    McAllister camp finally speaks

    Tuesday, April 15 2014 4:20 PM EDT2014-04-15 20:20:37 GMT
    MONROE, La. (KNOE 8 News) - KNOE 8 News has received official word from Congressman Vance McAllister's office that he will return to Washington, D.C.
    MONROE, La. (KNOE 8 News) - KNOE 8 News has received official word from Congressman Vance McAllister's office that he will return to Washington, D.C.
  • Shelton dies of accidental drowning

    Shelton dies of accidental drowning

    Tuesday, April 15 2014 10:17 AM EDT2014-04-15 14:17:37 GMT
    LAFAYETTE, La. (KNOE 8 News/AP) - Lafayette authorities have ruled out foul play in the death of a 21-year-old woman whose body was found in Girard Park over the weekend.
    LAFAYETTE, La. (KNOE 8 News/AP) - Lafayette authorities have ruled out foul play in the death of a 21-year-old woman whose body was found in Girard Park over the weekend.
  • Thieves make off with mowers

    Thieves make off with mowers

    Tuesday, April 15 2014 6:55 PM EDT2014-04-15 22:55:57 GMT
    WINN PARISH, La. (KNOE 8 News) - The Winn Parish Sheriff's Office is asking for help locating the suspects who stole riding lawnmowers from a hardware store.
    WINN PARISH, La. (KNOE 8 News) - The Winn Parish Sheriff's Office is asking for help locating the suspects who stole riding lawnmowers from a hardware store.
  • Monroe’s hidden gem

    Monroe’s hidden gem

    Tuesday, April 15 2014 9:36 AM EDT2014-04-15 13:36:04 GMT
    MONROE, La. (KNOE 8 News) -Nolan Crane was given an exclusive tour of The Poolside Shop and shows us a rare piece of the city's history that has been hidden for several decades.
    MONROE, La. (KNOE 8 News) -Earlier this year Monroe businessman Michael Echols bought The Poolside Shop and the Southern Hardware Supply Company buildings in downtown Monroe. Nolan Crane was given an exclusive tour of the buildings. He shows us a rare piece of the city's history that has been hidden for several decades.
  • Community divided on charter school funding

    Community divided on charter school funding

    Tuesday, April 15 2014 11:20 PM EDT2014-04-16 03:20:17 GMT
    BASTROP, La. (KNOE 8 NEWS) - Residents in the Beekman Taxing District, located in Morehouse Parish, gathered to discuss a new proposed tax on the ballot for May.
    BASTROP, La. (KNOE 8 NEWS) - Residents in the Beekman Taxing District located in Morehouse Parish gathered to discuss a new proposed tax on the ballot for May.
  • Drivers could choose if they want REAL ID

    Drivers could choose if they want REAL ID

    Tuesday, April 15 2014 12:50 PM EDT2014-04-15 16:50:36 GMT
    BATON ROUGE, La. (KNOE 8 News/AP) - Louisiana driver's licenses could move in line with a federal identification law.
    BATON ROUGE, La. (KNOE 8 News/AP) - Louisiana driver's licenses could move in line with a federal identification law
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.