Initial report is that health care bill will cut deficit by $100 billion

Joe Sudbay, AmericaBlog.com: We'll be hearing more about this as the day goes on, but the early report on the CBO numbers shows a decline in the deficit:

U.S. House Majority Leader Steny Hoyer said on Thursday that proposed final healthcare legislation would cut the U.S. deficit by more than $100 billion over the first 10 years.

Hoyer told reporters that the Congressional Budget Office said the sweeping healthcare overhaul would cut the deficit by more than $1 trillion over the subsequent decade. The CBO is expected to release its official estimate of the cost of the Democratic-written legislation on Thursday.