The Congressional Budget Office (CBO) estimates that those provisions would reduce direct spending by about $9.2 billion in fiscal year 2024.

L. 113–67 (text) (PDF)), as modified by the Consolidated Appropriations Act, 2014, which reduced the annual cost-of-living adjustment for annuities paid to certain military retirees and survivors by up to one percent.

113-67 only to those who first became members of the uniformed services after January 1, 2014, and would increase direct spending by about $6.8 billion over the 2014-2024 period, CBO estimates.

[4] The Temporary Debt Limit Extension Act was originally introduced into the United States Senate on March 12, 2013 by Sen. Jeanne Shaheen (D, NH) under a different name and contents.

[6] Nearly a year later, the United States House of Representatives used the bill as a vehicle to quickly pass a debt ceiling increase.

[7] According to Heritage Action, while the limit is suspended, "President Obama and Congress will have a blank check to spend and borrow.

The group criticised politicians from both parties saying, "this year, as the limit approached, most Democrats refused to discuss the debt problem at all.

Republicans opted to stress important, though mostly unrelated policy goals, thus failing to focus on the key issue at hand.