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Friday, April 15, 2011

Congressional Budget Office Release Could Derail Budget Compromise

A budget compromise in Congress that kept the federal government from shutting down over the weekend was supposed to cut $38.5 billion from the federal budget, but recent Congressional Budget Office analysis shows the compromise will only cut $352 million over the next fiscal year, according toThe Washington Post. The announcement angered some conservatives seeking deep government spending cuts. The House is voting today on the compromise, which both parties agreed on late last week.

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