Covered Bonds Law Would Add $32 Bln To Deficit

05 Oct 2010

The Congressional Budget Office estimates that passage of H.R. 5823, the House bill that would create a framework for covered bonds, would add $32 billion to the national deficit between 2011 and 2020.

The Congressional Budget Office estimates that passage of H.R. 5823, the House bill that would create a framework for covered bonds, would add $32 billion to the national deficit between 2011 and 2020. The act would increase net spending by $50 million but would generate only $18 million ...

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