The Hill News

House Republicans have postponed until Thursday a vote on Speaker John Boehner’s deficit reduction bill while party leaders seek to rewrite it.

The decision follows an estimate by the Congressional Budget Office finding that the legislation achieved less in budget savings than Boehner had first claimed.

The CBO said the bill would cut the deficit by $850 billion over 10 years, not $1.2 trillion, and it threatened Boehner’s pledge for spending cuts to exceed any increase in the debt ceiling. The bill would authorize $900 billion in additional borrowing initially.

GOP leaders were already having trouble cobbling together to pass the bill amid opposition from conservatives.

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