Legislative & Policy

Debt Ceiling Budget Deal Announced; Public Housing Authorities Would Be Impacted


Over the Memorial Day weekend, President Biden and House Speaker Kevin McCarthy announced the Bipartisan Budget Agreement to raise the debt ceiling. This morning, the U.S. House of Representatives released the Fiscal Responsibility Act of 2023, which would raise the debt ceiling until 2025. According to news media reports, the Fiscal Responsibility Act of 2023 includes the following:  

New OMB and Center on Budget and Policy Priorities Numbers Show GOP’s Debt Ceiling Bill Would Have Devastating Impact on Public Housing


Amidst the looming threat of a debt default triggered by breaching the debt ceiling, the White House and the Center on Budget and Policy Priorities released new numbers that show the damage the GOP budget bill would inflict on public and affordable housing.

OMB Memo Details How 30% Spending Cuts Would Eliminate 800,000 HCVs


On Tuesday, the Office of Management and Buget (OMB) released a memo stating that House Republicans would have to slash spending for all other federal agencies by 30 percent next year if they would like to protect or see an increase in defense spending. The memo states that a 30 percent cut would eliminate funding for Housing Choice Vouchers for over 800,000 households, including 250,000 households headed by seniors.

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