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Press Type: Press Release

CBO: Government Will Spend Over $310 Billion on Expired Programs

WASHINGTON D.C. – 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 […]

Retirement calculator glitch gave misleading information

http://bit.ly/1RJJSh7 By Jory Heckman | @jmheckman January 7, 2016 12:43 pm 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. Sens. Mike Enzi (R-Wyo.), chair of the Senate Budget Committee, and Richard Shelby (R-Ala.), chair of the Senate Committee on […]

BUDGET BULLETIN: 2016 Omnibus Spending Bill Epilogue

WASHINGTON, DC – 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. Read the full Senate Budget Bulletin here. […]

Congress Approves Far-Reaching Obamacare Repeal

Measure Will Head to President for First Time WASHINGTON D.C. – 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.  “Congress has passed the most comprehensive and far-reaching repeal […]

Lawmakers Want Answers On Consumer Agency’s Faulty Retirement Benefit Planner

http://dailycaller.com/2016/01/05/gop-lawmakers-want-answers-on-consumer-agencys-faulty-retirement-benefit-planner/ JULIEGRACE BRUFKE Republican senators want answers on why a retirement calculator created by the Consumer Financial Protection Bureau (CFPB) is providing flawed results. In a letter written to CFPB director Richard Cordray in December, Senate Committee on the Budget Chairman Mike Enzi of Wyoming and Senate Committee on Banking, Housing, and Urban Affairs Chairman Richard Shelby of Alabama […]

Senators: CFPB Miscalculated With Retirement Tool

http://morningconsult.com/alert/gop-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 Banking Committee Chairman Richard Shelby (R-Ala.) and Budget Committee Chairman Mike Enzi (R-Wyo.) wrote to CFPB Director Richard Cordray and said the […]

Senate Republicans blast consumer panel’s glitchy retirement calculator

  http://thehill.com/policy/finance/banking-financial-institutions/264780-senate-republicans-blast-glitchy-retirement[thehill.com] By Sylvan Lane – 01/05/16 12:02 PM EST  Two top Senate Republicans are asking a consumer protection agency why an online retirement planning tool offers incorrect guidance to users.   Sens. Mike Enzi (R-Wyo.) and Richard Shelby (R-Ala.), chairmen of the Senate Budget and Banking committees, asked the Consumer Financial Protection Bureau (CFPB) […]

Senate Chairmen: Consumer Protection Bureau Retirement Calculator Broken

“Retirement Tool” Duplicates Efforts by Social Security Administration  WASHINGTON D.C. – 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 […]