House Budget Committee Chair Arrington: By the Numbers - Nonpartisan Report Confirms Fiscal Responsibility Act Will Save Billions
May 31, 2023
May 31, 2023
WASHINGTON, May 31 -- Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, issued the following news release:
The Congressional Budget Office (CBO) released its analysis of the Fiscal Responsibility Act (H.R. 3746), showing that the bill reduces the federal deficit by $2.1 trillion over the next 10 years, including $240 billion of lower interest payments on the debt.
In other words: this is the largest deficit reduction bill in American history.
. . .
The Congressional Budget Office (CBO) released its analysis of the Fiscal Responsibility Act (H.R. 3746), showing that the bill reduces the federal deficit by $2.1 trillion over the next 10 years, including $240 billion of lower interest payments on the debt.
In other words: this is the largest deficit reduction bill in American history.
. . .