Sheila Jackson Lee said "I include in the Record a report from Moody's Analytics titled: ``The Debt Limit Drama Heats Up.'' Speaker McCarthy's proposed legislation would increase the debt limit by $1.5 trillion or until March 31, 2024, whichever comes first. In exchange, it would cut government spending by $4.5 trillion over the next decade and implement a number of consequential changes to fiscal policy (see Table 1 and Chart 3). The most significant spending cuts would come by setting fiscal 2024 discretionary spending equal to fiscal 2022 spending levels." @ PoliticalQuotes.com

On the recordApril 26, 2023

I include in the Record a report from Moody's Analytics titled: ``The Debt Limit Drama Heats Up.'' Speaker McCarthy's proposed legislation would increase the debt limit by $1.5 trillion or until March 31, 2024, whichever comes first. In exchange, it would cut government spending by $4.5 trillion over the next decade and implement a number of consequential changes to fiscal policy (see Table 1 and Chart 3). The most significant spending cuts would come by setting fiscal 2024 discretionary spending equal to fiscal 2022 spending levels.

Said by

Sheila Jackson Lee

Democratic · Texas

Source

govinfo.gov

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