CBO Will Release a Full Cost Estimate of the Build Back Better Spending Plan by Friday
The Congressional Budget Office (CBO) said Monday that it expects to release a full cost estimate of House Democrats’ social spending and climate package by the end of the day Friday.
The announcement comes as House Democrats are aiming to vote on the Build Back Better spending bill this week. A group of moderates has said they want more information about the bill’s cost from the CBO prior to voting.
Five House moderates — Reps. Ed Case (D-Hawaii), Josh Gottheimer (D-N.J.), Stephanie Murphy (D-Fla.), Kathleen Rice (D-N.Y.) and Kurt Schrader (D-Ore.) — struck a deal with progressives earlier this month that allowed the House to pass the bipartisan infrastructure bill that President Biden is signing Monday. As part of the agreement, the moderates said they committed to voting for the social spending package once they receive information from the CBO, but no later than this week.
