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  • House Budget Committee

    CBO Affirms What We’ve Known All Along: Reducing National Debt Will Grow the Economy

    House Budget Committee Chairman Paul Ryan’s (R–Wis.) steps to reduce the budget would help boost economic growth. Ryan’s 2015 budget proposal contains more than $5 trillion in savings over 10 years and balances by the end of the budget window, leaving a $5 billion surplus in 2024. Ryan’s budget acquires … More

    Ryan Budget: Some Smart Reforms, but Education Spending Continues Apace

    The budget presented by House Budget Committee chairman Paul Ryan (R–Wis.) provides a topline function 500 (spending on education, training, employment, and social services) budget of nearly $74 billion. The $73.9 billion budget ($864 billion over 10 years) makes some important reforms to the federal Pell Grant program. It would … More

    A Path to Balance in Five Steps: What to Look for in the Ryan Budget

    The House Budget Committee will deliver its budget resolution—which would eliminate the deficit within 10 years—ahead of Congress’s statutory deadline of April 15. The Senate, on the other hand, has already announced that it would not bother producing a budget this year, relying instead on the Ryan–Murray budget deal struck … More

    Cloakroom: October 28 – November 1

    House  Analysis: This week the House may consider two bills that would amend Dodd-Frank, the Retail Investor Protection Act and the Swaps Regulatory Improvement Act.  On October 30, conferees from the House and Senate will meet to begin conferencing the House and Senate farm bills. Major Floor Action: H.R. 2374 – Retail Investor Protection … More

    A Spend-More, Tax-More, and Borrow-More Budget Would Hurt, Not Help

    Congress needs to drive down federal spending toward a balanced budget, including through entitlement reforms, while maintaining a strong national defense and without raising taxes. Neither the House of Representatives nor the Senate achieved that objective when they adopted their respective versions of the government budget for fiscal year 2014 … More

    The RSC Budget: A First Look

    The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It advances more aggressive entitlement reforms than the House Budget Committee plan, including Social Security, and features deeper spending cuts. Nevertheless, the plan also suffers weaknesses, … More

    Morning Bell: 6 Things the Next U.S. Budget Should Do

    It’s time for Congress to make a real budget—and not just any budget. It’s been four years since the U.S. had a real budget. While the House of Representatives has passed budgets, the Senate has stopped each one. Instead, the Senate under Majority Leader Harry Reid (D-NV) has done short-term, … More

    Sessions and Ryan to LaHood: Halt the High-Speed Train to Vegas

    Senate Budget Committee Ranking Member Jeff Sessions (R–AL) and House Budget Committee chairman Paul Ryan (R–WI) sent a letter yesterday to Transportation Secretary Ray LaHood, urging the Department of Transportation to reject a $5.5 billion gamble on high-speed rail. The train, called XpressWest, would run from Victorville, California, to Las … More

    Obama’s Budget to Be Late Again

    President Obama’s budget will be late again. When the President and Congress failed to close the fiscal cliff deal until January 2, it was predictable enough that the Administration would once again submit its budget a bit late. The fiscal cliff changed both revenues and spending, and so all the … More

    Vice Presidential Debate: True/False Quiz on Medicare

    During the debate between Vice President Joe Biden and Representative Paul Ryan, several claims were made about Medicare. Some of these were true, others false. See which ones you can guess right: Biden: “We saved $716 billion and put it back, applied it to Medicare.” False. According to the Congressional … More