Winners and Losers in the House-Passed Debt Ceiling Bill
29th April 2023
significant victory for House Speaker Kevin McCarthy, R-Calif.
McCarthy managed to corral just enough votes to secure a slim 217-215 majority in favor of the deficit-reducing bill.
The Congressional Budget Office estimated Monday that the legislation would reduce the budget deficit by $4.8 trillion over 10 years. The House passed some modest amendments to the bill Tuesday night.