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Include Debt Costs in Budget Estimates
Recent Bills/Include Debt Costs in Budget Estimates

Include Debt Costs in Budget Estimates

IntroducedFebruary 5, 2025
Passed House7 months ago
Intro
House
Senate
Pres
Awaiting Senate vote
Why This Matters

This bill makes sure that when the government estimates its budget, it includes the costs of paying off its debts. This helps everyone understand how much money the government really needs to spend.

If you care about how the government spends money, this bill could lead to more accurate budget reports.
Who this affects
Taxpayers · Government officials
What changes is this bill making?
  1. 1This bill requires budget estimates to include costs for servicing public debt.
  2. 2It applies to estimates from the Congressional Budget Office and the Joint Committee on Taxation.
  3. 3The goal is to provide a clearer picture of government spending.
  4. 4This change aims to improve transparency in financial planning.
  5. 5It updates the Congressional Budget Act of 1974 to reflect these new requirements.
Read the detailed summary

Cost Estimates Improvement Act This bill requires cost estimates prepared by the Congressional Budget Office or the Joint Committee on Taxation to include the costs of servicing the public debt.

Bill Progress3 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedFeb 5, 2025
Sponsors
See all 21 sponsors
HouseJan 13
SenateCurrent

Awaiting Senate vote

President

The President

Donald Trump
President
Awaiting Vote
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