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Posted on Mon, Aug. 01, 2011

CBO: $917 billion in deficit reduction thanks to cuts

David Lightman | McClatchy Newspapers

last updated: August 01, 2011 03:15:00 PM

The nonpartisan Congressional Budget Office, the Capitol's official budget scorekeeper, weighed in with good news for supporters of the debt deal Monday: it does cut deficits by $917 billion over 10 years, with the possibility of at least $1.2 trillion more.