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CBO: Budget deal cuts 2011 deficit by $352 million, not $38 billion promised

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‘Budget cuts’ may even amount to $3.3 billion increase

WASHINGTON – The budget deal struck last Friday to avert a government shutdown cuts the fiscal 2011 deficit by just $352 million, not the $38 billion touted by both parties, according to the Congressional Budget Office.

A CBO analysis found Wednesday that the measure negotiated by President Barack Obama and House Speaker John Boehner (R-OH) to fund the government through September would yield less than one-100th of the deficit savings touted.

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The study confirms that the resolution cuts federal spending authority by $38 billion, but concludes that most of the money was unlikely to be spent anyway.

The CBO figure was achieved after clearing the smoke and mirrors, by adjusting for savings that are likely to occur in a future year, spending increases elsewhere in the budget, and the hike in the military budget.

When factoring in war funding, the analysis found that the legislation could even increase total federal outlays by $3.3 billion from 2010 levels.

The trimmed-down figure reflects the harsh realities of cutting spending at a time when dozens of lawmakers were recently ushered into Congress on a mandate to attack the federal budget.

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The House is expected to vote on the measure Thursday.


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Trump refusing to pay for New Mexico security and barricades — while trying to change the state from blue to red

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President Donald Trump thinks he will win New Mexico. He's repeated the factoid multiple times, including to a group of oil and gas workers and executives Wednesday at a conference in Pittsburgh, PA. But he also made two significant mistakes to put that support in jeopardy.

First, the president indicated he was building his "wall" on the border of Colorado, which is north of New Mexico. It would mean that New Mexico was now part of Mexico.

Second, it was reported by the Albuquerque Journal that their city is yet another one Trump's campaign is refusing to pay for security costs.

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Intel Committee has ‘recent evidence’ Ukraine witnesses are working together to ‘coordinate’ their stories

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House investigators have "recent evidence" of witnesses working to coordinate their testimony before Congress, a Democratic congressman revealed on MSNBC on Wednesday.

Rep. Eric Swalwell (D-CA), who sits on the Intelligence and Judicial committees, was interviewed by MSNBC Chris Hayes.

"Final question, what is the timeline here?" Hayes asked. "There is some transparency argument that at some point this can’t be behind closed doors, the American people, all of us, Republicans, Democrats, citizens and journalists have to hear what’s happening."

"You’re absolutely right and there will be a public phase," Swalwell replied.

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Rudy Giuliani is looking for a lawyer — after saying he didn’t need one: report

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On Wednesday, CNN reported that President Donald Trump's lawyer Rudy Giuliani is looking for a defense attorney to represent him.

This report comes after Giuliani said last week that he would not seek legal representation unless he believed he needed it.

Giuliani is currently under criminal investigation for the scheme he apparently helped facilitate in the Ukraine, where Trump withheld military aid in the fight against Russia while demanding their leaders investigate former Vice President Joe Biden and the Democratic National Committee.

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