CBO analysis of legislation’s costs due Friday.
House Majority Leader Steny Hoyer said that the chamber’s leadership plans to hold a vote on final passage of President Biden’s $2 trillion Build Back Better Act by Friday—at the latest. He expected most of the debate was completed by Wednesday.
The Congressional Budget Office (CBO) said that it expects to release a full cost estimate of the spending package by the end of the day Friday. “If we can get it done before then of course we will. But certainly, by the end of Friday we’ll have the entire estimate,” CBO Director Phillip Swagel said.
The White House has said the bill is fully paid for. Earlier in the month, some legislators said that if the CBO’s estimates are inconsistent with the White House estimates, they “remain committed to working to resolve any discrepancies in order to pass the Build Back Better legislation.”
Representative Hoyer said legislators should be able to get an idea of the “fiscal posture” of the bill even if the report is not ready.
“As soon as that happens, which does not necessarily mean a CBO score; it does not necessarily mean that every I and every T is crossed. But it does mean that the overwhelming information will be available to members so that when they do vote, they will have that information but I expect to vote on the Build Back Better Act as soon as that information is available,” he said.
“And I expect that to be either at the earliest Thursday and at the latest either Friday or Saturday. But my expectation is that we will vote on this either Thursday or Friday. Obviously, the Thanksgiving break is about to occur and I told members that they would be out of here on Thursday but we’re going to be here as long as it takes to pass this bill this week,” the majority leader added.
As the Lord Leads, Pray with Us…
- For legislators in the House as they complete their debate and vote on the Build Back Better Act.
- For the Congressional Budget Office as it completes its report on the costs of the bill
Sources: The Hill, Just The News
