Boehner: Analysts Revise Estimate of GOP Debt Bill

July 27, 2011 - 5:13 PM

WASHINGTON (AP) — House Speaker John Boehner says an estimate from congressional budget analysts shows the revised House Republican plan cuts the deficit by $22 billion in the first year.

Boehner said in a statement that the new numbers from the Congressional Budget Office released Wednesday indicate the bill cuts and caps spending by $917 billion over 10 years. That's more than the $900 billion increase in the nation's borrowing authority in the legislation.

Boehner is pushing for a vote on the bill on Thursday as rank-and-file conservatives have slowly coalesced behind the legislation.