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CBO Estimate: Homeland Security Department Will Cost $3 Billion

Washington, Jul 10 -

In a letter to Majority Leader Armey and Democratic Whip Pelosi, Rep. Waxman released a Congressional Budget Office cost estimate that finds that the creation of a new Department of Homeland Security will cost about $3 billion over the next four years. The CBO estimate counters Administration claims that the creation of the new Department "would not 'grow' government."