Washington, D.C.— Kentucky Congressman John Yarmuth, Chairman of the House Budget Committee, gave the following opening statement at today’s hearing examining policy options to improve economic resiliency and strengthen our fiscal toolkit for fighting future recessions.
Committees seek answers on timeline and directives leading up to “unlawful impoundments”
Today House Budget Chairman John Yarmuth (KY-03) and House Appropriations Chairwoman Nita Lowey (NY-17) sent a letter to the Trump administration requesting documents and answers regarding the Office of Management and Budget’s (OMB’s) involvement in the withholding of foreign aid, including nearly $400 million in crucial security assistance funding for Ukraine.
Kentucky Congressman John Yarmuth, Chairman of the House Budget Committee, gave the following opening statement at today’s hearing on the economic benefits of infrastructure investments and the critical role of the federal government in restoring and strengthening our nation’s infrastructure.
October 23, 2019
Following President Nixon's repeated attacks on our nation's separation of powers, Congressed passed the Congressional Budget & Impoundment Control Act of 1974 (ICA) to establish the Budget Committee & reassert Congress’s constitutional power of the purse.
October 08, 2019
Over the past 30 years, the richest 1 percent of Americans saw their wealth grow by nearly 300 percent. At the same time, the poorest 50 percent saw no growth. Stagnant wages have put pressure on working families as the cost of housing, education, health care, and child care increases and a rapidly changing economy threatens to leave them behind.
October 08, 2019
The American people expect their government to promote a strong, stable economy that provides opportunity for all. However, ups and downs in the business cycle are inevitable, economic inequality is widening, and no one knows exactly when a downturn might occur.