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

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  • 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.

Suggested Citation

  • Congressional Budget Office, 2023. "How the Fiscal Responsibility Act of 2023 Affects CBO’s Projections of Federal Debt," Reports 59235, Congressional Budget Office.
    • Handle: RePEc:cbo:report:59235
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    File URL: https://www.cbo.gov/system/files/2023-06/59235-Debt.pdf
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    More about this item

    JEL classification:

    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt

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