Congressional Budget Office Pans FSLIC Aid Plan. Calls Proposal 'Gimmickry' That Widens Deficit; Memo Threatens Consensus Behind Bill, Aide Says

Pryde, Joan, American Banker

Congressional Budget Office Pans FSLIC Aid Plan

WASHINGTON -- An administration plan to aid the Federal Savings and Loan Insurance Corp. has run into trouble because the Congressional Budget Office has found that the plan would add to the federal deficit, congressional aides said last week.

The office's finding that the plan could enlarge the deficit by up to $12 billion "has definitely slowed down what was a consensus behind the FSLIC bill" in Congress, said an aide to a member of the House Banking Committee.

The Congressional Budget Office's conclusion came in a preliminary routine analysis of the FSLIC plan prepared at the staff level and sent to Congress earlier this month. The analysis …

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Publication information: Article title: Congressional Budget Office Pans FSLIC Aid Plan. Calls Proposal 'Gimmickry' That Widens Deficit; Memo Threatens Consensus Behind Bill, Aide Says. Contributors: Pryde, Joan - Author. Magazine title: American Banker. Volume: 151. Publication date: June 16, 1986. Page number: 3+. © 2009 SourceMedia, Inc. COPYRIGHT 1986 Gale Group.

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