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Senate GSE Reform Bill Would Reduce Deficit by $58 Billion

Economy / Blog September 9, 2014

Last week, the Congressional Budget Office (CBO) released its score of S.1217, the Housing Finance Reform and Taxpayer Protection Act of 2014, which was approved by the Senate Banking Committee this past spring on a bipartisan basis. CBO estimates that the bill would decrease the federal deficit by $58 billion over the period from Fiscal Years 2015 to 2024 – though CBO cautions that those estimates are subject to significant uncertainty.

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