Budget scorekeeper starts releasing estimates for Democrats' massive spending plan
The Congressional Budget Office (CBO) has begun releasing new estimates of portions of Democrats' sweeping trillion-dollar social spending package after House leadership recently held off on voting on the plan amid pushback from moderates who called for the information.
The nonpartisan budget scorekeeper began releasing estimates for funding legislation crafted by four of the 13 House committees that worked together over the summer to craft the massive bill, an essential component of President Biden's legislative agenda.
The agency, tasked with producing formal cost estimates for congressional legislation, scored the potential budgetary effects of funding legislation drafted by the House Veterans' Affairs, Small Business, Homeland Security, and Science, Space and Technology committees.
The office estimated the legislation scored so far would amount to direct spending outlays totaling $20.5 billion from 2022 to 2031. It is expected to score the overall bill in the coming weeks.
https://www.msn.com/en-us/news/politics/budget-scorekeeper-starts-releasing-estimates-for-democrats-massive-spending-plan/ar-AAQyBkG