Amends the Congressional Budget Act of 1974 to require that any estimate prepared by the Congressional Budget Office (CBO) or the Joint Committee on Taxation include costs related to servicing the public debt.
Introduces a new section, titled “Estimates to include debt servicing costs,” to the Congressional Budget and Impoundment Control Act of 1974.
Specifies that the inclusion of debt servicing costs in estimates by the CBO or the Joint Committee on Taxation should be done to the extent practicable.
Updates the table of contents of the Congressional Budget and Impoundment Control Act of 1974 to include the new section on debt servicing costs.
