New estimate says budget deal raises deficit $41B

Thursday - 12/12/2013, 1:18pm EST

House Budget Committee Chairman Paul Ryan, R-Wis., left, and Senate Budget Committee Chairwoman Patty Murray, D-Wash., announce a tentative agreement between Republican and Democratic negotiators on a government spending plan, at the Capitol in Washington, Tuesday, Dec. 10, 2013. A budget agreement, between Republicans and Democrats. No threats to repeal this or shut down that. Gridlock, it appeared, had taken a holiday in the bitterly polarized, Republican-run House. But across the Capitol, the high-minded Senate remains in the grip of partisan warfare as Republicans launch an around-the-clock talkathon in response to Democratic curbs on the GOP’s power to block presidential nominations. (AP Photo/J. Scott Applewhite)

Associated Press

WASHINGTON (AP) -- Congress' budget office estimates that the just-announced budget deal would increase the deficit over the next two years by $41.4 billion.

The analysis also says the deal would save taxpayers $23 billion, when calculated over the coming decade.

But there's a cost when it comes to deficits.

The budget office says the bipartisan agreement would increase the deficit by $23.2 billion in 2014 and by $18.2 billion the year after that.

The deal permits $63 billion in relief from automatic spending cuts over the coming two years and substitutes $85 billion in longer-term savings and fee proposals over the coming decade.

That framework has drawn the ire of some conservatives.

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