How the Fiscal Responsibility Act of 2023 Affects CBO’s Projections of Federal Debt

Congressional Budget Office

No 59235, Reports from Congressional Budget Office

Abstract: On June 3, President Biden signed into law the Fiscal Responsibility Act of 2023 (FRA), which suspends the limit on federal debt through January 1, 2025, and makes a number of changes that affect federal spending and revenues. CBO provided an assessment of the budgetary effects of that act in a letter dated May 30.

JEL-codes: H60 H63 H68 (search for similar items in EconPapers)
Date: 2023-06-09
New Economics Papers: this item is included in nep-mfd
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