Sen. Whitehouse: “It is a straight line from Republicans’ manufactured debt crisis to Fitch’s downgrade”

WASHINGTON, D.C.— Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Budget Committee, issued the following statement on the recent decision by Fitch Ratings.  “It is a straight line from Republicans’ manufactured debt crisis to Fitch’s downgrade. Years of Republicans’ debt limit brinkmanship, showering billionaires with tax giveaways, and campaigning for economic default have come with a […]

NEWS: New GAO Report Finds Retirement Savings Stagnate for Middle-Class Americans, While the Wealthy See Huge Gains

WASHINGTON, D.C. — According to a new report—commissioned in 2020 by Senators Bernie Sanders (I-Vt.), Chairman of the Health, Education, Labor, and Pensions Committee, and Sheldon Whitehouse (D-R.I.), Chairman of the Committee on the Budget, and released yesterday by the Government Accountability Office (GAO)—the gap in retirement account balances between middle- and high-income older households more than doubled from […]

Phillip Swagel Reappointed as Director of Congressional Budget Office

Today, House and Senate leadership re-appointed Dr. Phillip Swagel to a second four-year term as Director of the nonpartisan Congressional Budget Office (CBO).  As required by the Congressional Budget Act, the appointment was made jointly by Speaker of the House Kevin McCarthy (R-CA) and President Pro Tempore of the Senate Patty Murray (D-WA), upon the […]