House Votes in Favor of the Bill - Palma Financial

Do you know that the House of Representatives PASSED the Fiscal Responsibility Act of 2023? This bill is designed to raise the debt ceiling and will now move on to the Senate for further consideration. But what does this mean for you? Book your appointment here to discuss how it may affect you and address any questions or concerns.

Let’s delve into the details together:

  • It includes a provision to cap spending on non-defense programs for the next two years. It means spending levels will remain the same next year and increase by 1% in 2025.
  • The bill also includes a measure to rescind unspent COVID-19 funds.
  • It will also end the freeze on student loan payments and interest starting in August 2023.

Understanding the implications of this bill on your situation is crucial.

Take action by clicking here to schedule a meeting with us now.