Grassley Urges Fiscal Focus as Democrat-Led Budget Committee Begins Year with Climate Hearing
Opening Remarks by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing titled, “Investing in the Future: Safeguarding Municipal Bonds from Climate Risk” Wednesday, January 10, 2024 VIDEO Mr. Chairman, I wish you, in turn, a Happy New Year, and to your family as well. As you would expect, I’m going to say […]
WHITEHOUSE: Climate change is threatening the municipal bond market
Washington, D.C.—U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered the following opening statement at today’s hearing, titled “Investing in the Future: Safeguarding Municipal Bonds from Climate Risk.” Chairman Whitehouse’s remarks, as prepared for delivery: Welcome to the first hearing of the Senate Budget Committee in 2024 and our twelfth hearing on the looming […]
CBO Report Shows Devastating Impact of Republicans Walking Away from Debt Limit Agreement
This afternoon, CBO released a letter that showed just how devastating sequestration cuts to nondefense discretionary (NDD) programs would be under the Fiscal Responsibility Act (FRA) if funding remained at the amount specified in the current continuing resolution (CR) and Republicans are allowed to walk away from the bipartisan spending deal. Because the analysis is […]
Whitehouse Calls Out Republican Hypocrisy on Deficit Reduction
Washington, D.C.—Today, Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Budget Committee, released a letter calling out Congressional Republicans for their hypocrisy when it comes to deficit reduction. The letter, responding to a letter dated December 5, 2023, from Ranking Member Grassley and Republican members of the Budget Committee, highlights Republicans’ support for budget-busting tax cuts […]
Senate Budget Committee Digs into Impact of Private Equity Ownership in America’s Hospitals
WASHINGTON, D.C. – Senate Budget Committee Chairman Sheldon Whitehouse (D-R.I.) and Ranking Member Chuck Grassley (R-Iowa) today opened a bipartisan investigation into the effects of private equity ownership on our nation’s hospitals. Senators Whitehouse and Grassley sent letters to the chief executive officers (CEOs) of Leonard Green & Partners, Prospect Medical Holdings, Medical Properties Trust, Apollo […]
Dear Ranking Member Grassley and Republican members of the Budget Committee:
Senate Budget Committee Digs into Impact of Private Equity Ownership in America’s Hospitals
WASHINGTON – Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) and Chair Sheldon Whitehouse (D-R.I.) today opened a bipartisan investigation into the impacts of private equity ownership on our nation’s hospitals. Grassley and Whitehouse sent letters to the chief executive officers (CEOs) of Apollo Global Management, Lifepoint Health, Medical Properties Trust, Leonard Green & Partners and […]
Grassley, Scott Lead Budget Committee Republicans in Urging Chairman Whitehouse to Prioritize Fiscal Climate
WASHINGTON – Amid a barrage of warnings about the country’s deteriorating fiscal health, Senate Budget Committee Republicans today are urging Chairman Sheldon Whitehouse (D-R.I.) to convene a series of hearings examining policies to address the nation’s looming economic challenges. In a letter cosigned by all committee Republicans, the senators cite credit downgrades and independent analyses […]
Credit Suisse Reinstates Independent Ombudsperson to Review Nazi-Linked Accounts as a Result of Budget Committee Investigation
WASHINGTON, D.C. – As a result of an ongoing bipartisan Senate Budget Committee investigation, Credit Suisse has agreed to reinstate Independent Ombudsperson Neil Barofsky to oversee the bank’s internal investigation into its historic servicing of previously undisclosed Nazi-linked accounts. Credit Suisse was approached in 2020 with credible information that it had held potential Nazi-linked accounts that […]
Whitehouse Launches Investigation into Citizens Property Insurance Amid Questions About Company’s Long-Term Solvency
Washington, D.C.—Today, Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Budget Committee, launched an investigation into Citizens Property Insurance Corporation. The Committee seeks documents and information about Citizens’ plans to address increased underwriting losses from climate-related extreme weather events and other disasters such as tropical cyclones, intense precipitation events, droughts, heatwaves, sea level rise, and […]