CBO Director Says High Interest Rates Restrict Federal Policymaking, Stifle Private Sector
WASHINGTON – Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) today questioned Congressional Budget Office (CBO) Director Phillip Swagel about the dangers of Democrats’ tax proposals, high interest rates and the Biden administration’s regulatory agenda. VIDEO Grassley’s questions, including notable excerpts, follow. Current Interest Levels: Grassley: “Recently, the Wall Street Journal published an essay discussing […]
At Grassley’s Urging, CBO Director Testifies on the U.S. Budget Outlook for First Time Since 116th Congress
WASHINGTON – Per Ranking Member Chuck Grassley (R-Iowa)’s request, the Senate Budget Committee is hosting Phillip Swagel, director of the nonpartisan Congressional Budget Office (CBO), to testify on the 10-year budget and economic outlook. This Congress, Democrat committee leaders have predominantly focused on climate change and the environment; they also held a hearing on reproductive […]
CBO: National Debt to Reach Record Share of GDP in Just Three Years
WASHINGTON – Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) today issued a statement on the Congressional Budget Office (CBO)’s new 10-year budget and economic outlook. “Congressional Democrats and the White House ought to read this report cover to cover. After reviewing the data, it’d be unthinkable for anyone to consider continuing down the current […]
Grassley Opening Remarks on Tax Loopholes
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing titled, “Making Wall Street Pay Its Fair Share: Raising Revenue, Strengthening Our Economy” Wednesday, June 12, 2024 VIDEO Mr. Chairman, Initially, I thought today’s hearing related to federal revenues was a nice change of pace, particularly when compared to […]
Grassley Underscores Need to Tackle $34.5 Trillion Debt, Exploding Interest Rates
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing titled, “Riskier Business: How Climate is Already Challenging Insurance Markets” Wednesday, June 5, 2024 VIDEO If the federal government is going to remain ready to respond to natural disasters and national emergencies, wehave to have the capabilityof doing that.It […]
Grassley: ‘We Iowans prefer to confront problems head on’
Opening Statement by Senator Charles Grassley of Iowa Ranking Member, Senate Budget Committee “Droughts, Dollars and Decisions: Water Scarcity in a Changing Climate” Wednesday, May 22, 2024 VIDEO Mr. Chairman,Ithank you for recognizing the tragedy that happened in Greenfield, Iowa. If you werewatching morning television that’s national, you would have seen it on television […]
Grassley Delivers Opening Statement on National Security Risks Posed by Ballooning Debt
Opening Statement by Senator Charles Grassley of Iowa Ranking Member, Senate Budget Committee “Budgeting for the Storm: Climate Change and the Costs to National Security” Wednesday, May 15, 2024 VIDEO Thank you, Mr. Chairman. This is the Budget Committee’s 17th hearing on climate change this Congress, but it is the first with […]
Grassley Opening Statement on Reducing Administrative Burdens, Improving Patient Access and Lowering Taxpayer Costs in Health Care
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee “Reducing Paperwork, Cutting Costs: Alleviating Administrative Burdens in Health Care” Wednesday, May 8, 2024 VIDEO Mr. Chairman, thank you for holding today’s hearing on reducing administrative burdens in health care. Our country spends more than 4.5 trillion dollars annually on health care. […]
Wall Street Journal Sides with Iowans: The Budget Committee Ought to Focus on the Budget
WASHINGTON – The Wall Street Journal amplified concerns Iowans are sharing at Sen. Chuck Grassley’s (R-Iowa) 99 county meetings regarding our nation’s budgetary crisis. In a recent column discussing the “bizarre” climate agenda set by the Senate Budget Committee’s Democrat majority, the Wall Street Journal emphasized Iowans’ rightful frustration with Washington, D.C.’s refusal to focus […]
Grassley Opening Statement at Budget Hearing on Big Oil
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “Denial, Disinformation, and Doublespeak: Big Oil’s Evolving Efforts to Avoid Accountability for Climate Change” Wednesday, May 1, 2024 VIDEO Thank you, Mr. Chairman. I want to start by airing some disappointments I have regarding the process of this hearing […]