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A Congressional Budget Office (CBO) cost estimate report published Nov. 3 estimates a House bill allowing U.S. submarine sales to Australia would sell at $3 billion each and the overall effort would ultimately provide over $4.5 billion in deficit decreases. The House Committee on Foreign Affairs unanimously passed H.R. 4619, the AUKUS Submarine Transfer Authorization Act, in July. It authorizes the sale of up to two Virginia-class attack submarines (SSNs) to Australia within 15 years of enactment, permits collecting foreign…
