Immigration Reform Would Shave $200 Billion From Deficit

Your afternoon immigration-reform update: The Gang of Eight's comprehensive immigration reform bill will cut the deficit by nearly $200 billion over the next 10 years, according the Congressional Budget Office. Talking Points Memo reports:

The so-called Senate Gang of Eight immigration reform bill, which includes a path to citizenship for millions of the nation's undocumented immigrants, would increase U.S. population by 10.4 million and would decrease federal budget deficits by $197 billion over the next ten years, according to a new report published Tuesday by the independent Congressional Budget Office.

CBO projects that about 8 million undocumented immigrants would seek to obtain legal status if the bill was passed by Congress and signed into law by President Barack Obama.

The legislation is also projected to decrease federal budget deficits by about $700 billion over the 2024-2033 period, as well as spur a net increase of 16 million to the U.S. population.

In other news: Mother Jones is reporting that Senate Majority Leader Harry Reid will soon allow a vote on an amendment that Texas Sen. John Cornyn to ratchet up the security requirements in the bill. (More on all those details here.) From MoJo: