Budget office: Obama’s health law reduces deficit

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FILE - In this Jan. 27, 2010 file photo, Congressional Budget Office (CBO) Director Douglas Elmendorf testifies on Capitol Hill in Washington. Will President Barack Obama’s health care law increase the government’s huge deficit or reduce it? How many people will it really cover? How much will it cost taxpapers? Congress’ nonpartisan budget scorekeepers release their findings, the first in-depth look at the law since the Supreme Court ruled it constitutional. (AP Photo/Manuel Balce Ceneta, File)President Barack Obama's health care overhaul will shrink rather than increase the nation's huge federal deficits over the next decade, Congress' nonpartisan budget scorekeepers said Tuesday, supporting Obama's contention in a major election-year dispute with Republicans.

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