Budget office: Deal would boost deficit

The congressional budget deal hammered out this week would raise spending by about $90 billion over the next few years, while offsetting that new spending with $76 billion in new revenue and spending cuts in later years, the Congressional Budget Office said Tuesday.

That means the deficit would grow by at least $14 billion over 10 years.

In its estimate of the deal between congressional negotiators and the White House, the office said spending would be raised by $46 billion and revenues would be increased by $30 billion over 10 years.

Meanwhile, spending would be boosted by roughly $90 billion in fiscal 2016 and 2017.

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