Rep. Alexandria Ocasio-Cortez (D-NY) told reporters on Tuesday that she will vote against the bill to lift the debt ceiling.
to Rep. McCarthy , CBO director Phillip Schwagel said the agency projected the deal’s caps on discretionary spending in 2024 and 2025 would reduce outlays by $1.3 trillion over the next 1o years. Mandatory spending would fall by $10 billion. Revenues are projected to fall by $2 billion due to cuts to funding for enforcement by the Internal Revenue Service.
Interest on the public debt would decline by $188 billion.The CBO projects that cuts to the IRS budget would decrease spending by $1.4 trillion while decreasing revenue by $2.3 trillion over the decade. The result is a net increase in the deficit of $900 billion during the 2023 through 2033 period.@CoriBush“As somebody who was a food stamp recipient, there is absolutely no way I can see myself green lighting something that will take food from people's mouths,” she said.
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