Boehner’s new debt plan would save $915 billion

On Wednesday evening, House Speaker John Boehner’s (R-Ohio) office released its re-worked debt-ceiling plan. An analysis by the non-partisan Congressional Budget Office stated that the revised proposal would reduce deficits by about $915 billion over the next decade.

The figure was closer to House Republican leaders’ target than the $850 billion in deficit savings the budget office had said that Boehner’s initial proposal would have achieved. But it still fell short of the $1.2 trillion by which Boehner and House Republican leaders had projected their plan would reduce budget deficits.

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