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Budget Highlights

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May 17, 2013

CBO Shows the President’s Budget Doesn’t Solve the Problem

WASHINGTON—This afternoon, the Congressional Budget Office (CBO) released an analysis of the President’s fiscal year 2014 budget. CBO found that the President’s budget would add $115 billion more to the deficit in 2014 than if we just did nothing. The CBO estimates that the President’s budget increases taxes by $974 billion. As a result of spendin... See More

May 14, 2013

CBO: Spending Is Still the Problem

Moments ago, the Congressional Budget Office (CBO) provided a fresh reminder of Washington’s out-of-control spending. CBO updated its budget outlook with the following deficit and debt estimates: This year’s budget deficit = $642 billion FY2023 budget deficit = $895 billion Total deficits over the next decade = $6.34 trillion Gross federal debt in ... See More

May 8, 2013

House Budget GOP: Increasing Accountability for Hardworking Taxpayers

WASHINGTON—Today, members of the House Budget Committee introduced a package of seven legislative reforms to help repair the broken budget process. Committee members introduced similar legislation during the last Congress, and they brought several of these reforms to the House floor. House Budget Committee Chairman Paul Ryan issued the following st... See More

April 24, 2013

House Budget Committee Hearing: State of the Highway Trust Fund: Long-Term Solutions for Solvency

"Welcome, everybody. I want to thank our witnesses for agreeing to testify. We appreciate your taking the time to share your expertise. "Infrastructure is an important part of our economy. Government plays a role in our public infrastructure—our highways, our roads, our bridges. But the federal government is neglecting this responsibility. It’s sp... See More

March 21, 2013

Paul Ryan: The House Delivers A Responsible, Balanced Budget

We want to balance the budget. They don't. We want to restrain spending. They want to spend more. We think taxpayers give enough to Washington. They want to raise taxes by $1 trillion. We want to strengthen programs like Medicare. They seem complicit in their demise. We see Obamacare as a roadblock to patient-centered reform. They see it as a sacre... See More

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