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CBO Shows the President’s Budget Doesn’t Solve the Problem
May 17, 2013 - 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 incre... More

CBO: Spending Is Still the Problem
May 14, 2013 - 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 n... More

House Budget GOP: Increasing Accountability for Hardworking Taxpayers
May 8, 2013 - 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 Co... More

House Budget Committee Hearing: State of the Highway Trust Fund: Long-Term Solutions for Solvency
April 24, 2013 - "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 gov... More

Ryan Opening Statement: House Budget Committee Hearing with Treasury Secretary Lew
April 16, 2013 - "Welcome, everybody. To start, I want to thank Secretary Lew. Mr. Secretary, I want you to know that despite our disagreements, we appreciate your taking the time to join us today. "Well, yesterday was Tax Day. And tax season was a lot more stressful than it should have been. Our tax code is a Rubi... More

Ryan Discusses Budget Debate on NPR
April 12, 2013 - House Budget Committee Chairman Paul Ryan of Wisconsin talked with NPR’s David Green about this spring’s budget debate and possible areas of agreement to get a down payment on the debt. Highlights are below and the full interview can be found here. The President’s budget fails to act on our spending... More

The President’s Budget: Bad for Economic Growth and Bad for Jobs
April 12, 2013 - In 2010, economists Ken Rogoff and Carmen Reinhart completed a widely cited study that looked at the historical relationship between public debt and GDP growth and inflation in a variety of advanced and developing countries. The study used data from 44 countries and spanned roughly 200 years. It fou... More

The Facts About the President’s Budget
April 11, 2013 - While there is no dispute that the President’s budget request never achieves balance, the President is making a variety of claims about the amount of deficit reduction that would be achieved if Congress adopted his budget request. As the House Budget Committee has explained before, claims about defi... More

House Budget Committee Hearing on the President’s FY2014 Budget
April 11, 2013 - Welcome, everybody. Well, this budget may be two months late, but I want to thank Mr. Zients for coming to testify. That said, I’m disappointed by the President’s proposal—because it’s a status quo budget. It doesn’t break any new ground; it just goes over old ground. It raises taxes by $1.1 trillio... More

Joint Statement from Chairman Patty Murray and Chairman Paul Ryan
April 10, 2013 - Following their meeting earlier today, Senate Budget Committee Chairman Patty Murray and House Budget Committee Chairman Paul Ryan released the following joint statement: “We had a constructive discussion about moving forward under regular order. We recognized the many differences between the House ... More

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