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White House says social spending package would cut deficit by $112 billion over 10 years -Breaking

by Mike Robinson

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© Reuters. This is a general view of U.S. President Joe Biden during the signing ceremony for the “Infrastructure Investment and Jobs Act” on the South Lawn, White House, Washington, U.S.A, November 15, 2021. REUTERS/Leah Millis

WASHINGTON (Reuters] – According to a fresh analysis, the White House claimed that its “Build back Better” Act social spending plan would cut the deficit by $112 billion in the next ten years.

This statement was made just days after the nonpartisan Congressional Budget Office, which is charged with analyzing the costs of legislation, determined that the bill would increase the federal deficit by $367 million over the next ten years.

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