CBO Says Bill Would Trigger Spending Cuts: Stimulus Update
- Check here for updates on Biden’s proposed $1.9 trillion plan
- House plans Friday vote on aid bill, shifting focus to Senate
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The Congressional Budget Office said the $1.9 trillion stimulus package would trigger automatic spending cuts on Medicare and other programs unless Congress acts to head off the reductions, as it’s done before.
Legislators are separately awaiting a ruling by the Senate parliamentarian on a key component of the bill -- President Joe Biden’s proposed hike in the minimum wage to $15 an hour. House Speaker Nancy Pelosi said a decision on whether the measure qualifies for inclusion in the budget procedure that Democrats are using could come at any time.