Congressional negotiators introduced a sweeping year-end spending and tax-break package Wednesday that bursts through previously agreed budget limits with $66 billion in new spending for 2016. It also makes permanent an array of tax benefits at a cost of adding more than a half-trillion dollars to the deficit.
Before the bill, the CBO forecast a 2016 deficit of $414 billion. So we should expect a deficit of more than $900 billion next year then. Mmmmkay...
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