11/5/2021, 8:32 PM (Source: TeleTrader)
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Chart for: Moody's Corporation

WH: No need for CBO score as bill 'fully paid for'

White House Deputy Press Secretary Karine Jean-Pierre said on Friday that there is no need to wait for a Congressional Budget Office (CBO) score requested by Democratic moderates as the Build Back Better bill is "paid for."

Jean-Pierre reiterated President Joe Biden's message that the bill is not only "fully paid for by asking the wealthy to contribute their fair share," but will also reduce the deficit as a result of its positive economic policies such as the "child tax credit, putting more Americans to work, investing in affordable housing." She noted that this has been confirmed by analyses done by the Joint Committee on Taxation (JCT) and Moody's Analytics.

Jean-Pierre was unable to confirm whether the bill would be passed on Friday or not, repeating that the president was working "in lockstep with Speaker Pelosi" to get the deal done as soon as possible.

Baha Breaking News (BBN) / IB