Political Quotes

“the Fiscal Responsibility Act of 2023, P.L. 118-5, which Congress passed earlier this month, resolved a manufactured default crisis and avoided an economic catastrophe. In addition, the bipartisan bill provided a congressional budget for 2024. Specifically, the legislation instructs the chairman of the Senate Committee on the Budget to file enforceable budgetary levels in the Senate consistent with current law. Today, I submit the required filing. Section 121 of the Fiscal Responsibility Act of 2023 requires the chairman to file a spending allocation for the Committee on Appropriations for 2024; spending allocations for other committees for 2024, 2024 through 2028, and 2024 through 2033; an aggregate spending level for 2024; aggregate revenue levels for 2024, 2024 through 2028, and 2024 through 2033; and aggregate levels of Social Security revenues and outlays for 2024, 2024 through 2028, and 2024 through 2033. Section 121 also requires the chairman to include a list of accounts eligible for advance appropriations. The amounts included in this filing are consistent with the Congressional Budget Office's May 2023 baseline, adjusted for the passage of the Fiscal Responsibility Act of 2023, including the discretionary spending limits established by that act. Because the legislation does not include budget enforcement for fiscal year 2023, it will not be possible to submit reports required by section 308(b) of the Congressional Budget Act until fiscal year 2024.…”