CBO Estimates $9.5 Billion Additional Deficit Reduction With Amendment

June 7, 2017 Brianna Gilpin

While much buzz has been surrounding the presumed passing of the Financial Choice Act (H.R. 10), the Congressional Budget Office (CBO), a non-partisan analysis for the U.S. Congress, released the budgetary effects of enacting the amended bill Tuesday. The original CBO estimate, released May 4, 2017, said enacting the legislation would reduce federal deficits by $24.1 billion over the 2017-2027 period, but the recalculated estimate said budget deficits would be significantly more than originally estimated. The House of Representatives is set to vote on the bill Thursday.

The post CBO Estimates $9.5 Billion Additional Deficit Reduction With Amendment appeared first on theMReport.com.

Previous Article
Disparate Mortgage Tech, LOS Platforms Hold Lenders Back
Disparate Mortgage Tech, LOS Platforms Hold Lenders Back

A white paper released on Thursday claims the emergence of the Loan Originations System (LOS) as a stand-al...

Next Article
Millennials: Now’s the Time to Buy
Millennials: Now’s the Time to Buy

A new report shows that most millennials believe now is a good time to buy a home—and more than half of the...