Whitehouse, Pallone Join Forces to Press Big Oil for Answers About Suspected Collusion with OPEC
Washington, D.C. — Today, Senate Budget Committee Chairman Sheldon Whitehouse (D-RI) and House Energy and Commerce Committee Ranking Member Frank Pallone, Jr. (D-NJ) announced they are joining forces to turn up the heat on fossil fuel companies suspected of illegally conspiring with the Organization of the Petroleum Exporting Countries (OPEC), the international oil cartel, or […]
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 […]
CBO Finds Yawning Wealth Gap Continues, Highlights Congressional Imperative to Unrig Tax Code
Washington, D.C. — A new report by the Congressional Budget Office (CBO) found wealth inequality in the United States has widened significantly since 1989, as the rich have captured an even larger share of overall wealth. According to the latest data, the wealthiest 10 percent of families now control 60 percent of U.S. wealth, while […]
Raising the Retirement Age is a Benefit Cut, CBO Finds
The Congressional Budget Office (CBO) released a report showing that raising the Social Security retirement age to 69—as House Republicans have proposed—would slash benefits for hardworking retirees. The report finds that Social Security benefits would be cut by an average of 13 percent if the Republicans’ plan were fully implemented. “Raising the retirement age is […]
Whitehouse Blasts Paul’s Budget
Washington, D.C.— U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered the following remarks from the Senate Floor in opposition to Senator Rand Paul’s (R-KY) proposed budget, which would extend the Trump tax cuts for the wealthy—costing $4.6 trillion—while cutting $20 trillion in federal spending and omitting all details about what he would […]
09.25.24 Chairman Whitehouse Opening Statement
09.25.24 Senator Grassley Opening Statement
Whitehouse Statement at Housing Hearing
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 “The Costs of Inaction: Economic Risks from Housing Unaffordability.” Yesterday, Senator Whitehouse introduced the Affordable Housing Construction Act, new legislation to make housing more affordable by more than tripling the size of the Low-Income Housing Tax Credit […]