Tag: House Budget Committee

Budget Committee Looking at ‘Every Agency’ for Possible Cuts

April 18, 2023
economyHouse Budget CommitteePoliticsspending cutsUSUS debt ceiling
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The House Budget Committee is examining the budget of “every agency” in an effort to identify cuts to reign in federal spending that can gain majority approval in the House. The effort has become more urgent since House Speaker Kevin McCarthy (R-Calif.) announced the outline of a plan to deal with the debt ceiling and…

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Government Watchdogs Under-Equipped to Oversee Spending of Billions in Taxpayer Money

March 29, 2023
House Budget CommitteePoliticsUSUS Budget DeficitUS Federal Spending
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Massive spending bills authorized by Congress over the last two years have poured billions of dollars through federal agencies into state coffers, threatening to overwhelm the government inspectors charged with preventing fraud, waste, and abuse in the use of taxpayer money. Inspectors general from three federal agencies and a director from the Government Accountability Office…

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Financial Crisis Looming Due to Mounting Federal Debt: Experts

March 29, 2023
economyHouse Budget CommitteePolicies & ImpactsPoliticsUSUS Budget DeficitUS debt ceiling
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The U.S. is in “terrible shape” financially and is “flying blind in mountains of debt” that will cause future generations to “reap the whirlwind of an irreparable economic disaster” unless immediate action is taken, according to some witnesses and members of the House Budget Committee. Witnesses testifying at the March 29 hearing on the country’s…

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OMB Director Young Defends Biden’s Budget Plan at House Budget Committee Hearing

March 24, 2023
congressFY 2024 Budget ProposalHouse Budget CommitteeOffice of Management and Budget Director Shalanda YoungPoliticspresident joe bidenUS
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While talks between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) about spending cuts as a condition for increasing the debt ceiling remain at a stalemate, House Republicans and Democrats are divided in their viewpoints about Biden’s fiscal year 2024 federal budget proposal. On March 23, Office of Management and Budget Director Shalanda Young…

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‘Woke, Weaponized, Wasteful’ Spending Is Main Target of House GOP as Budget Battle Heats Up

March 22, 2023
congressdebt ceilingDonald Trumpfederal spendingHouse Budget CommitteeMedicarePoliticspresident joe bidenrep. ralph normanSocial SecuritySpeaker of the House Kevin McCarthyUS
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House Republican Conference Chairman Elise Stefanik (R-N.Y.) didn’t hesitate a second when asked during the GOP congressional retreat in Orlando March 20 by Punchbowl co-founder Jake Sherman how she and her colleagues “can balance the budget without touching entitlements and mandatory spending” in 2023. “I believe that when we focus on Social Security and Medicare,…

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