WASHINGTON — The Congressional Budget Office Thursday upped the estimated cost of the Build America Bond program by $10 billion to $36 billion over 10 years in its new estimates on the fiscal 2010 budget deficit and economic outlook.
The BAB cost estimate eclipsed the CBO's $26 billion 10-year estimate released in January. The estimate applies only to the current BAB program set to expire at the end of the year, and does not account for any proposals to extend it at a lower subsidy rate.
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