ORLANDO, Fla. — House Republicans gathered for their annual issues conference are lowering expectations that they can adopt a balanced-budget blueprint this year, while hyping up their commitment to cap next year’s spending at fiscal 2022 levels.
GOP majorities have long sought to balance the federal budget within the 10-year window congressional scorekeepers use to measure federal spending, revenues and deficits.
While that goal has not gone by the wayside, House Budget Chairman Jodey C. Arrington told reporters Monday it’s not the most important spending metric the GOP is eyeing in its coming fiscal 2024 budget. The Texas Republican’s comments came after he helped lead a closed-door discussion on fiscal issues with Ways and Means Chairman Jason Smith, R-Mo.
