House Budget Committee Chair Arrington Comments on CBO Baseline
May 12, 2023
May 12, 2023
WASHINGTON, May 12 (TNSres) -- Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, issued the following news release:
The Congressional Budget Office (CBO) released their latest Update to the Budget Outlook report, commonly referred to as the baseline. Today's baseline report - which includes projections of federal spending, revenue, surpluses or deficits, and debt - shows a $130 billion increase of this year's deficit compared to their February projection.
. . .
The Congressional Budget Office (CBO) released their latest Update to the Budget Outlook report, commonly referred to as the baseline. Today's baseline report - which includes projections of federal spending, revenue, surpluses or deficits, and debt - shows a $130 billion increase of this year's deficit compared to their February projection.
. . .