Political Quotes

“Mr. President, I submit to the Senate a budget scorekeeping report. The report, which covers fiscal year 2024, was prepared by the Congressional Budget Office pursuant to section 308(b) of the Congressional Budget Act of 1974. This information enables the Senate Budget Committee to determine if budgetary points of order lie against pending legislation. CBO's report shows the effect on spending and revenues of congressional action through December 10, 2023, as compared to the levels that I filed on June 21 as authorized by section 121 of the Fiscal Responsibility Act of 2023, or FRA. Since then, Congress has passed six pieces of legislation with small effects on direct spending. These include two continuing resolutions that were eligible for adjustments to enforceable levels as permitted under the FRA. Tables 1 and 2 show that current budgetary levels are above allowable amounts for budget authority and within allowable amounts for outlays. The government is currently operating under a bipartisan short-term continuing resolution that extends the previous year's discretionary funding levels through early 2024. The budget authority level shown in the tables is artificially high because it reflects CBO's estimate of the continuing resolution, which for technical reasons is higher than the statutory limits.…”