This post was originally published on this site
WASHINGTON — Congress’s nonpartisan scorekeeper found that the roughly $1 trillion infrastructure bill would widen the federal budget deficit by $256 billion over 10 years, contradicting negotiators’ claims that the cost of the legislation would be covered by new revenue and saving measures.
The bipartisan group who negotiated the infrastructure bill, which would provide roughly $550 billion in spending above expected federal levels, had said they anticipated the analysis from the Congressional Budget Office would differ from their own. They have said that some of the measures they are using to cover the cost of the bill, including repurposing COVID-19 aid, wouldn’t count the same way toward CBO’s official estimate.
