Budget Blog

This month marks the 40th anniversary of the Congressional Budget and Impoundment Control Act of 1974. Signed into law on July 12, 1974, the Congressional Budget Act set parameters for the Congressional budget process. The law created the Senate and House Budget Committees and the Congressional Budget Office, which have provided citizens with more information to understand how the federal budget process works and how it will affect them.  

Highlighting the law’s 40th anniversary, Chairman Murray released the following statement:

“On the 40th anniversary of the Congressional Budget Act, it’s important to remember how decisions we make about the budget in Congress affect the American people. Federal budgets are much more than just numbers on a page—they have real impacts on people and communities.

“The Congressional Budget Act has been valuable in establishing a process in Congress to look closely at what we are investing in and why, as we work to ensure the federal budget reflects the values and priorities that the American people care about most. ” 

This week, in response to the Burwell v. Hobby Lobby ruling, Chairman Murray and Democrats are moving forward with the Not My Boss’s Business Act to ensure that women can make their own health care decisions. The Not My Boss’s Business Act, which takes critical steps to protect women’s ability to control their own health care, is not only the right thing to do—it is also an important part of helping women and their families achieve economic security.

Having access to contraceptives empowers women to plan their families and pursue their educational and career goals on their terms. A 2011 Guttmacher Institute study showed that contraception access is a critical component of economic empowerment for women. The study found that 77 percent of women said that access allowed them to take better care of themselves and their families, while 64 percent said that it helped them to get or keep their jobs and careers. Having this freedom is a major reason why women now make up half of the nation’s workforce and 40 percent of women are the sole or lead income earners for their families.
Starting in August, DOT will delay and reduce reimbursements to states for highway construction projects on the nation’s roads and bridges, if Congress fails to act to replenish the fund with revenue.

On average, DOT says states should prepare for a 28 percent cut in federal funds for construction projects. Summer is the height of the construction season, but this shortfall could mean states will have to put the brakes on many projects, which could trigger a construction shutdown. Anticipating this crisis, many states have already taken steps to delay highway construction projects that would ease congestion and make critical repairs to bridges.

Yesterday , the Senate overwhelming passed, with a vote of 95-3, the Workforce Innovation and Opportunity Act, a bipartisan, bicameral bill authored by Senator Murray and seven of her colleagues, Republicans and Democrats, from the House and the Senate.

The bill, which now heads to the House of Representatives for approval, would modernize and improve existing federal workforce development programs, help workers attain skills for 21st century jobs, and foster a modern workforce that evolving American businesses rely on to compete. Over 100 labor, business, and workforce development leaders and advocates have endorsed the legislation.

The legislation represents a compromise between the SKILLS Act (H.R. 803), which passed the House of Representatives in March of 2013, and the Workforce Investment Act of 2013 (S. 1356), which passed the Senate Health, Education, Labor, and Pensions (HELP) Committee with a bipartisan vote of 18-3 in July of 2013.

A one-page summary of the legislation can be found here.

The statement of managers, including a section-by-section summary of the legislation, can be found here.

A summary of key improvements WIOA makes to current workforce development programs can be found here.

The text of the bipartisan, bicameral agreement can be found here.

The federal government makes and guarantees hundreds of billions of dollars in loans every year. These credit programs serve a wide variety of public policy purposes, ranging from making homeownership or attending college more affordable to making it easier for small businesses to expand. In recent years, a debate has emerged over the best way to account for these loans and loan guarantees, with some critics contending that official estimates understate the true costs. And while the critics have some valuable points to make about the broader societal costs and benefits of federal credit programs, the simple fact is that the current method of accounting is already extremely accurate and the proposed change would deliberately yield incorrect estimates of actual fiscal costs. This shortcoming of the proposed change in accounting is unavoidable and should give enormous pause to any advocate of fiscal responsibility.
Senator Murray has worked throughout her career to expand economic opportunity for working families through policies like raising the minimum wage, expanding access to affordable child care, making it easier to pay down student loans, helping women gain financial security for retirement, and enacting the Paycheck Fairness Act.

Read more of what Senator Murray has been working on recently to expand opportunity for working women and their families.

One reason for weakness in the labor market can be attributed to the lack of growth in the construction sector, according to a new report from the Federal Reserve Bank of St. Louis.

Prior to the Great Recession, the hours worked at jobs in the construction sector were seeing an upward trend, and the industry was booming.  However, during the recession, the industry was hit particularly hard, and hours worked fell far below pre-recession levels. The report, released last week, highlighted that while many sectors have recovered, the construction sector has not. The report concluded that, “If there is some slack in the labor market, it is likely attributable to the performance of the construction sector and related activities.”

The Department of Transportation (DOT) projects the Highway Trust Fund to reach critically low levels this summer. If that happens, DOT would delay reimbursements to states, which pay for construction projects across the country. If states aren’t able to enter into new construction contracts because of a Highway Trust Fund crisis, as many as 700,000 jobs could be at risk, according to DOT estimates. Senator Murray has called on Congress to avoid a crisis that would jeopardize thousands of important transportation projects, and have a serious impact on construction jobs.  In a recent speech on the Senate floor, Murray said, “Allowing the Highway Trust Fund to reach critically low levels would be another blow to an industry that’s already seen more than its fair share of job loss and uncertainty.”

Read more about how the Highway Trust Fund works here

Yesterday, the Congressional Budget Office released a report on the status of the Highway Trust Fund. The report confirms that if lawmakers do not act, the Department of Transportation will have to delay reimbursements to states, which pay for the cost of construction.
Fifty-one years ago today President Kennedy signed the Equal Pay Act to ensure that women receive equal pay for equal work. But while great strides have been made, that goal has yet to be realized.

Senator Murray has worked throughout her career to make ensure women are treated fairly and paid equally in the American workplace. She is fighting to increase economic opportunity for women and their families through policies like raising the minimum wage, expanding access to affordable child care, making it easier to pay down student loans, helping women gain financial security for retirement, and enacting the Paycheck Fairness Act.