Congressional Budget Office Congressional Budget Office (CBO) Debt Limit Economy Joe Biden Kevin McCarthy Politics

CBO: Republican Debt Limit Plan Would Reduce Deficit by $4.8 Trillion

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Apr 25, 2023

CBO: Republican Debt Limit Plan Would Reduce Deficit by $4.8 Trillion

The Congressional Budget Office (CBO) said in a report released on Tuesday that the Limit, Save, Grow Act would reduce the deficit by $4.8 trillion over the next ten years.

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