WASHINGTON (AP) — A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in claimed savings by the end of this budget year.
The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would pare just $352 million from the deficit through Sept. 30....
http://hosted2.ap.org/txdam/54828a5e8d9d48b7ba8b94ba38a9ef22/Article_2011-04-13-Spending%20Showdown/id-6932201e346e4152a8ec420d1cdbcc8a
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