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CBO: Reid's $2.7 trillion plan is short by $500 billion
About half of the cuts in the plan would come from drawing down troops in Iraq and Afghanistan.
The Senate's debt-reduction plan, said to offer $2.7 trillion in spending cuts, actually cuts closer to $2.2 trillion, according to an analysis by the Congressional Budget Office.
About half of the cuts in the plan, sponsored by Senate Majority Leader Harry Reid, D-Nev., would come from savings as the U.S. draws down troops in Iraq and Afghanistan, CBO said.
Wednesday's CBO analysis comes a day after a competing plan offered by House Speaker John Boehner also came short of its advertised spending cuts.