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  • CBO: Four Straight Trillion-Dollar Deficits, Economic Pain Today, Debt Crisis Ahead
    Posted in Press Releases on January 31, 2012 | Preview rr
    Tags: Economy / Financial

    Washington – Earlier today, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook, projecting that the federal government’s budget deficit will exceed $1 trillion for the fourth year in a row. With the national debt on pace to grow to unsustainable levels in the years ahead, the CBO estimates that economic growth will remain sluggish and the unemployment rate will exceed 9 percent next year. In response to this alarming report from the CBO, House Budget Committee ... Read more

  • Ryan Statement on President’s State of the Union Address
    Posted in Press Releases on January 24, 2012 | Preview rr
    Tags: Economy / Financial

    Washington – Following President Obama’s State of the Union address, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement: “In tonight’s speech, President Obama missed an opportunity to lead. Instead of putting forward bold solutions to tackle our most pressing challenges, the President offered more empty promises and recycled the same failed policies. Instead of charting a new course for renewed opportunity, the President recommitted to the path to debt, doubt a... Read more

  • House Budget Committee Advances Common-Sense Budget Process Reforms
    Posted in Press Releases on January 24, 2012 | Preview rr
    Tags: Economy / Financial , Budget Process Reform

    WASHINGTON – The House Budget Committee advanced three legislative reforms today to address the broken budget process. The reforms focused on bringing greater accountability and transparency, and stronger protections for hardworking Americans’ tax dollars. While the House Budget Committee works to advance solutions, today marks 1,000 days without any budget from the U.S. Senate. House Budget Committee Chairman Paul Ryan issued the following statement after passage of the three reforms: “At the v... Read more

  • Ryan: Disappointment with President’s “Abdication of Leadership” on Budget
    Posted in Press Releases on January 23, 2012 | Preview rr
    Tags: Economy / Financial

    House Budget Committee Chairman Paul Ryan issued the following statement in response to President Obama’s decision to delay the release of his Fiscal Year 2013 budget request: “I am deeply disappointed in this President’s abdication of leadership when it comes to prioritizing Americans’ hard-earned tax dollars. The decision to delay the release of his budget again could not come at a more precarious moment for our fiscal and economic future. This will mark the third time in four years the Presid... Read more