WASHINGTON (AP) — A new study says that reversing more than $100 billion in automatic spending cuts hitting the economy this year and next would boost the economy by 0.7 percent and increase employment by 900,000 jobs.

The Congressional Budget Office study is similar to prior estimates by the agency. The CBO figures are the agency’s best estimate but the possible range of job growth is much wider, from 300,000 jobs to 1.6 million.