CBO Estimate: 2024 Deficit Reaches $1.8 Trillion under Biden-Harris Spending

WASHINGTON – The nonpartisan Congressional Budget Office (CBO) today estimated the Fiscal Year (FY) 2024 deficit was $1.8 trillion, double what the agency projected when the Biden-Harris administration took office. Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) issued the following statement on the need to reverse course. “President Biden and Vice President Harris have […]

Grassley: Biden-Harris Stonewalling Prevents CBO from Conducting Complete Analysis of President’s 2025 Budget

WASHINGTON – Ranking Member Chuck Grassley (R-Iowa) today issued the following statement on the Congressional Budget Office (CBO)’s report, “An Analysis of the President’s 2025 Budget.” “Biden-Harris pie-in-the-sky policy proposals are so unrealistic CBO can’t even calculate their budget impact. This administration’s unprecedented lack of transparency and fiscal discipline is insulting to Congress and the […]

CBO Confirms: Biden-Harris Medicare Cost-Shifting Policy Will Cost Taxpayers Billions

WASHINGTON – The nonpartisan Congressional Budget Office (CBO) issued its fiscal analysis of the Biden-Harris administration’s Medicare Part D Premium Stabilization Demonstration Program. Among other findings, CBO estimates the program – which the Centers for Medicare & Medicaid Services (CMS) launched to artificially lower seniors’ premiums that have surged due to Democrat policymaking – could […]

Grassley Calls for Continued Oversight to Address Housing Affordability

Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing titled, “The Costs of Inaction: Economic Risks from Housing Affordability” Wednesday, September 25, 2024   VIDEO Mr. Chairman, [Housing affordability] is an issue central for Iowans and all Americans, something they care about deeply. It’s very central to what both Republicans […]