CBO: Government Will Spend Over $310 Billion on Expired Programs
The federal government will spend more than $310 billion in fiscal year 2016 on programs and activities whose statutory authorization for funding has expired, according to a Congressional Budget Office (CBO) report released today. The $310 billion has been awarded to a wide array of expired programs and entities originally authorized under 256 separate laws. Senate Budget Committee Chairman Mike Enzi (R-WY) said it was time for Congress to take a closer look at these funds.
Retirement calculator glitch gave misleading information
The chairmen of two Senate financial committees claim an agency’s online retirement planning calculator misled seniors about how much they could expect to receive in retirement benefits.
BUDGET BULLETIN: 2016 Omnibus Spending Bill Epilogue
The Senate Budget Committee today released its January 11, 2016, Budget Bulletin focused on the 2016 omnibus spending bill. The Budget Bulletin provides regular expert articles by Senate Budget Committee analysts on the issues before Congress relating to the budget, deficits, debt, and the economy.
Congress Approves Far-Reaching Obamacare Repeal
The United States Congress, through the budget reconciliation process, passed the most comprehensive and far-reaching repeal of Obamacare to reach the president’s desk. The Senate approved the legislation last month, and the House approved today.
Lawmakers Want Answers On Consumer Agency’s Faulty Retirement Benefit Planner
Republican senators want answers on why a retirement calculator created by the Consumer Financial Protection Bureau (CFPB) is providing flawed results.
Senators: CFPB Miscalculated With Retirement Tool
Two Senate GOP committee chairmen criticized the Consumer Financial Protection Bureau for releasing a retirement benefits calculator that they say is inaccurate and duplicative of a similar Social Security Administration tool.
Senate Republicans blast consumer panel’s glitchy retirement calculator
Two top Senate Republicans are asking a consumer protection agency why an online retirement planning tool offers incorrect guidance to users.
Senate Chairmen: Consumer Protection Bureau Retirement Calculator Broken
Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, and Senator Richard Shelby (R-AL), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today blasted the Consumer Financial Protection Bureau (CFPB) for carelessly spending government resources on a duplicative and wasteful retirement calculator that produces flawed results for Americans looking for clear and accurate information before making important financial decisions.
2015 Budget Committee Chairman’s Report
The 2015 Senate Budget Committee Chairman’s Report:
2015 Budget Year in Review GRAPHIC
The 2015 Senate Budget Committee Year In Review by the numbers.