Updated
Updated · Bloomberg Government · Jul 13
CBO's Swagel Meets House Conservatives on 3rd Budget Bill as GOP Has 8 Session Days Left
Updated
Updated · Bloomberg Government · Jul 13

CBO's Swagel Meets House Conservatives on 3rd Budget Bill as GOP Has 8 Session Days Left

1 articles · Updated · Bloomberg Government · Jul 13

Summary

  • Wednesday’s meeting will put CBO Director Phillip Swagel before the Republican Study Committee as House Republicans weigh a third party-line reconciliation package.
  • A potential third budget bill could carry defense funding and anti-fraud measures, but lawmakers say work on a framework has moved slowly.
  • House Budget Committee Republicans used last week’s recess to discuss reconciliation 3.0, reflecting pressure to advance the package soon.
  • Only 8 legislative session days remain on the House schedule including Monday, tightening the window for Republicans to move another budget bill.

Insights

Does funding defense via reconciliation set a new precedent for future government spending?
With national debt at $39 trillion, can the U.S. afford a new $350 billion defense package?
What is the Pentagon's backup plan for the 'Golden Dome' missile defense if reconciliation fails?