Thursday, October 6, 2022

U.S. budget referee to release infrastructure bill cost estimate on Thursday By Reuters


© Reuters. FILE PHOTO: Commuters wait for the Chicago Transit Authority Blue line train at the Damen Avenue stop in Chicago, Illinois, U.S. March 16, 2020. REUTERS/Joshua Lott

WASHINGTON (Reuters) – The U.S. Congressional Budget Office said it will release on Thursday its cost estimate for the bipartisan infrastructure bill now being debated in the U.S. Senate, according to a posting on the CBO’s website.

The estimate of the Infrastructure Investment and Jobs Act’s budgetary costs over the next 10 years could heavily influence the level of support it has in both the Senate and the House of Representatives. Summaries of the bill highlight $550 billion in new spending over a decade, but revenue offsets totaling only $480 billion.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here



Related Stories