The bipartisan U.S. infrastructure bill would add $256 billion to the federal budget deficit over a decade, the Congressional Budget Office said Thursday, differing from lawmakers’ contention that the spending would be fully paid for by a smorgasbord of funding measures.

The CBO’s release of its so-called score of the $550 billion infrastructure bill is a much-anticipated milestone as senators seek to advance the legislation ahead of Congress’s August recess.

The infrastructure spending forms a key part of President Joe Biden’s economic policy and is expected to be followed by a $3.5 trillion, Democrats-only economic package that includes climate and health care initiatives.

The nonpartisan arm of the legislature estimated that the revenue provisions in the bill would generate close to $50 billion in funds over the decade through 2031.... Read More: Newsmax