Bipartisan Bill Would Strengthen Federal Financial Management
WASHINGTON, D.C. – Senate Budget Committee Chairman Mike Enzi (R-WY) this week introduced bipartisan legislation to strengthen federal financial management by updating the Chief Financial Officers (CFO) Act of 1990. The CFO Act created a new foundation for federal financial management and established a fiscal management reporting and leadership structure. The legislation, S. 3287, is […]
CBO Shows Explosive Growth in Cost of Income Driven Repayment for Student Loans
WASHINGTON, D.C. – The Congressional Budget Office (CBO) today released a new report that shows the cost projections for income driven repayment (IDR) plans surging, which will ultimately cost the federal government more than $200 billion over the next decade. The report also found that more than half of the loans are expected to be […]
Chairman Enzi’s Statement On President’s FY 2021 Budget Proposal
WASHINGTON, D.C. – Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, issued the following statement today on the President’s fiscal year 2021 budget proposal: “Presidents’ budgets are a reflection of Administration priorities, but in the end, they are just a list of suggestions, as the power of the purse rests with Congress,” said […]
Enzi: Expired Programs Cost Govt. Hundreds of Billions of Dollars
WASHINGTON, D.C. – Senate Budget Committee Chairman Mike Enzi (R-WY) said federal programs with expired authorizations are costing the government hundreds of billions of dollars every year, after a new report was issued by the Congressional Budget Office (CBO). CBO analyzed all the programs and activities funded by Congress through the annual appropriations process and […]
New CBO Budget Outlook Shows Dramatically Higher Long-Term Debt and Deficits
WASHINGTON, D.C. – Senate Budget Committee Chairman Mike Enzi (R-WY) today said the Congressional Budget Office’s (CBO) Budget and Economic Outlook for fiscal years 2020 through 2030 shows the country on an unsustainable fiscal path, with debt and deficits rising sharply. CBO’s extended projections show that the Bipartisan Budget Act of 2019 and legislation enacted last […]
New GAO Report Shows Trust Funds on Unsustainable Course
WASHINGTON, D.C. – The U.S. Government Accountability Office (GAO), the non-partisan government watchdog agency, today released a report requested by Senate Budget Committee Chairman Mike Enzi (R-WY) and Senator Mike Braun (R-IN) warning that some major federal trust fund programs – including Social Security and Medicare – are on an unsustainable course. While total federal […]
Senate Budget Committee Approves Trade Legislation
WASHINGTON, D.C. – The Senate Budget Committee today approved H.R. 5430, The United States-Mexico-Canada Agreement Implementation Act. The agreement is designed to boost economic growth by modernizing the North American Free Trade Agreement (NAFTA). The bill was previously approved by the Senate Finance Committee last week and by the Senate Environment and Public Works Committee […]
New Scorekeeping Report Continues Focus on Fiscal Transparency in Congress
WASHINGTON, D.C. – Today, Senate Budget Committee Chairman Mike Enzi (R-WY) announced the release of the December 2019 Senate scorekeeping report. That report tracks the budgetary impact of legislation approved by Congress against the deemed budgetary numbers included in the Bipartisan Budget Act of 2019. The Congressional Budget Act of 1974 requires the Chairmen of […]
WHAT OTHERS ARE SAYING: Bipartisan Budget Process Reform Legislation
WASHINGTON, D.C. – The Senate Budget Committee approved bipartisan budget reforms sponsored by Chairman Mike Enzi (R-WY) and Senator Sheldon Whitehouse (D-RI) to fix the government’s broken budget process by a vote of 15 to 6. The bill, S.2765 – the Bipartisan Congressional Budget Reform Act, would provide a more orderly and deliberative budget process focused […]
Senate Budget Committee Approves Historic Bipartisan Budget Reforms
WASHINGTON, D.C. – The Senate Budget Committee today approved bipartisan budget reforms sponsored by Chairman Mike Enzi (R-WY) and Senator Sheldon Whitehouse (D-RI) to fix the government’s broken budget process. The bill, S.2765 – the Bipartisan Congressional Budget Reform Act, would provide a more orderly and deliberative budget process focused on long-term fiscal planning. The […]