CBO on Obama budget: Higher deficits than claimed

Published April 17, 2014 5:07pm ET



WASHINGTON (AP) — A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama’s budget request would mean significantly larger budget deficits than the White House claims.

CBO says the budget plan proposed last month by Obama would produce deficits of $6.6 trillion over the next 10 years — $1.6 trillion more than the White House estimates.

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