UPDATE 1-U.S. CBO reaffirms asbestos fund payout estimate

Newswire

(Adds detail, background, quotes, share prices) WASHINGTON, Dec 20 (Reuters) - The U.S. Congressional Budget Office reconfirmed its estimate of claims faced by a proposed national asbestos injury fund at $120 billion to $150 billion in a report released on Tuesday. A rival estimate by economic consulting firm Bates White had said the $140 billion asbestos fund would be quickly swamped by claims that could total between $301 billion and $561 billion. The Bates White estimate lent ...

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