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As passed by the House of Representatives on May 9, 2023
S. 1189, Recycling Infrastructure and Accessibility Act of 2023
As ordered reported by the Senate Committee on Indian Affairs on February 15, 2023
As ordered reported by the House Committee on Natural Resources on April 28, 2023
CBO’s updated projections show a federal budget deficit of $1.5 trillion for 2023. That estimate is subject to considerable uncertainty, though, in part because of a recent shortfall in tax revenues.
CBO projects that if the debt limit remains unchanged, there is a significant risk that at some point in the first two weeks of June, the government will no longer be able to pay all of its obligations.
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