Budget office: Deal would boost deficit

By Joseph Lawler, Joseph Lawler

Published December 20, 2015

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.