CBO Says Revised Boehner Plan Cuts More Than $900 Billion


The Congressional Budget Office has scored the revised version of John Boehner’s debt-limit plan, and the news is good for the beleaguered House speaker. The new bill has increased cuts from $850 billion to $917 billion while the $900 billion debt-ceiling increase remains the same. That means this version of the bill actually meets the GOP promise to have budget cuts exceed the amount of the debt-ceiling increase. The new version of the bill also front-loads budget cuts, increasing the 2012 cuts from the $1 billion in the original to $22 billion. The House will vote on the bill tomorrow and likely send it to the Senate, where Democrats plan to use it for toilet paper. [Speaker.gov]