Ranking Member Press
Chairman Enzi: Soaring Deficits Show Our Fiscal Path is Unsustainable
WASHINGTON, D.C. -Senate Budget Committee Chairman Mike Enzi (R-WY) released the following statement today after the Department of Treasury issued its monthly treasury report showing the federal government's deficit rising by more than 26 percent from last year to $984 billion: "Today's report shows that our nation's current fiscal path is unsustainable. In the last twelve months, the federal deficit has surged more than 26 percent. While the federal government's revenue continues to grow, s… Continue Reading
10.23.19
Chairman Enzi: Pension Bailout Would Leave Taxpayers Holding the Fiscal Bag
WASHINGTON, D.C. - During a speech on the floor of the United States Senate, Budget Committee Chairman Mike Enzi (R-WY) warned that a House of Representatives-passed bill, the Rehabilitation for Multiemployer Plans Act of 2019, would bail out some of the worst-funded multiemployer plans at taxpayers' expense. "My concern with this bill is not just with its immediate costs to taxpayers, but also what it would mean down the road," said Chairman Enzi. "This bill would send the signal to private … Continue Reading
10.17.19
Enzi: Scorekeeping Reports Will Foster Fiscal Transparency in Federal Spending Process
WASHINGTON, D.C. - Today, Senate Budget Committee Chairman Mike Enzi (R-WY) announced the release of the October 2019 Senate scorekeeping report. That report tracks the budgetary impact of legislation approved by Congress against the deemed budgetary numbers included in the Bipartisan Budget Act of 2019. The Congressional Budget Act of 1974 requires the Chairmen of the House and Senate Budget Committees to provide members of Congress with regular updates on the budgetary effects of congression… Continue Reading
09.25.19
Enzi: America’s Fiscal Path is Unsustainable
WASHINGTON, D.C. - During a speech on the floor of the Senate, Budget Committee Chairman Mike Enzi (R-WY) continued to raise alarm bells that America's current fiscal course is unsustainable. Enzi noted that in the first 11 months of the fiscal year, federal revenue increased by 3 percent compared to the same period last year, while spending increased by 7 percent. "The threat of a fiscal crisis is not something anyone should take lightly. As a father and grandfather, this is a concern that ke… Continue Reading
08.15.19
Enzi: Growth in Spending Continues to Outpace Revenue
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) today said it is clear the nation has a spending problem as a recent report shows once again that high levels of federal spending continue to outpace revenue. A new report from the Department of Treasury showed that year-to-date revenues were up 3.4 percent, while spending rose 8 percent compared to the same period last year. "We clearly have a spending problem. The rate of growth in federal spending is not sustainable," said… Continue Reading
08.01.19
Enzi Questions NASA on Ballooning Costs for Major Space Programs
CLICK HERE FOR THE LATEST UPDATE WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) this week questioned the National Aeronautics and Space Administration (NASA) over continued reports of cost growth and schedule delays in the agency's major projects. Enzi was particularly concerned that the cost and schedule performance of the projects "continues to deteriorate," according to the Government Accountability Office (GAO). "I am troubled by continued reports of cost growth and… Continue Reading
07.30.19
Enzi Releases Ideas to Fix Broken Congressional Budget and Spending Process
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) today released several proposals to fix America's broken budget and spending process gleaned from hearings and meetings with members of Congress, state officials, the administration, and stakeholder groups. Enzi noted the proposals reflect suggestions from members of both sides of the aisle and from groups that span the political spectrum. He said these ideas are rooted in fixing our broken budget and spending process, and are … Continue Reading
07.17.19
Bipartisan Group of Senators Push White House Budget Office to Publish Comprehensive List of Federal Programs
WASHINGTON, D.C. - A bipartisan group of senators, led by Senate Budget Committee Chairman Mike Enzi (R-WY) and Senator James Lankford (R-OK), is calling on the White House Office of Management and Budget (OMB) to make a list of all federal programs publicly available on a central government-wide website in order to identify and eliminate program waste and duplication. In addition to Senators Enzi and Lankford, the group included Senators John Kennedy (R-LA), Mike Braun (R-IN), Mike Crapo (R-ID… Continue Reading
06.27.19
Enzi Warns Surging Federal Debt Puts Nation at Risk of Fiscal Crisis
WASHINGTON, D.C. - During a speech today on the floor of the United States Senate, Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, called attention to the federal government's unsustainable fiscal outlook and noted that a Congressional Budget Office report released this week on the long-term budget outlook projected that our surging federal debt is putting the nation at risk of a "fiscal crisis." "The federal government is swimming in a sea of red ink that threatens to drown… Continue Reading
06.26.19
Enzi: Securing Nation’s Fiscal Future Begins by Fixing the Broken Budget Process
WASHINGTON, D.C. - During a hearing today on securing the nation's fiscal future, Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, said that he hoped the committee would produce bipartisan proposals to fix America's broken budget and spending process. Testifying was Gene L. Dodaro, the Comptroller General for the Government Accountability Office (GAO), who discussed what fiscal rules other countries have utilized to manage their debt and deficits, as well as other steps Congres… Continue Reading
06.25.19
Enzi Statement on CBO’s 2019 Long-Term Budget Outlook
WASHINGTON, D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, released the following statement on the Congressional Budget Office's (CBO) 2019 Long-Term Budget Outlook: "CBO's latest projections make it clear that Washington has a spending problem. Our autopilot spending continues to grow almost entirely unchecked. Fifty years ago, such spending comprised 36 percent of total spending. Today, that figure is approaching 70 percent, and according to CBO's estimate, will to… Continue Reading
06.19.19
Chairman Enzi: States Could Have Lessons on Fixing America’s Broken Budget Process
WASHINGTON, D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, today continued the committee's work on fixing America's broken budget and spending process, with a focus on how different state budget processes work, and whether some state practices could be successfully applied to the federal level. Enzi noted that the way Wyoming budgets and spends could provide important lessons for Congress on fiscal responsibility. "An important lesson to be learned from the states i… Continue Reading
06.13.19
Enzi Works to Ensure HUBZone Program is Improving Economic Opportunities
CLICK HERE FOR THE LATEST UPDATE WASHINGTON, D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, this week is pushing the Small Business Administration (SBA) to ensure that the Historically Underutilized Business Zones (HUBZone) program is fulfilling its mission and improving economic opportunities in distressed communities across the country. A recent news article showed that the HUBZone program funds are going to some of the nation's wealthiest areas, instead of being ta… Continue Reading
05.15.19
Phillip Swagel to Succeed Keith Hall as Director of the Congressional Budget Office
WASHINGTON, D.C. - U.S. Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, joined today with House Budget Committee Chairman John Yarmuth (D-KY) to announce the appointment of Dr. Phillip L. Swagel to serve as Director of the Congressional Budget Office (CBO). Swagel will serve his term from June 3, 2019, until January 3, 2023. "Dr. Swagel's strong academic and government experience, as well as his knowledge and expertise in economic forecasting, will serve him well as he leads … Continue Reading
05.14.19
Chairman Enzi Kicks Off Budget and Spending Process Reform Hearings Focused on Bipartisan Solutions
WASHINGTON, D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, today began a new series of hearings focused on finding bipartisan solutions to fix America's broken budget and spending process. The first hearing included two former Senate Budget Committee chairmen, Senators Judd Gregg (R-NH) and Kent Conrad (D-ND), to share their perspectives. "Every day, American families and small businesses make tough decisions regarding how to balance their budgets," said Chairman Enzi… Continue Reading
05.03.19
Enzi: Social Security and Medicare Programs Remain on Unsustainable Fiscal Path
WASHINGTON, D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, this week expressed concern during a speech on the Senate floor that the Social Security and Medicare programs remain on an unsustainable fiscal path. Enzi noted that the Social Security trustees now estimate that the program's combined trust funds will be insolvent by 2035. Additionally, the Medicare trustees now estimate that program's Hospital Insurance Trust Fund will be insolvent by 2026. "We are facing … Continue Reading
04.09.19
Chairman Enzi: Congress Must Carefully Consider Defense Priorities Along with Nation’s Fiscal Challenges
WASHINGTON, D.C. - During a hearing today on the Department of Defense fiscal year 2020 budget request, Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, said that Congress must carefully consider national defense investments and priorities within the context of America's fiscal challenges. "There is no greater duty than defending our nation from the threats it faces around the world," said Chairman Enzi. "However, we must also acknowledge that one of the gravest threats to o… Continue Reading
04.04.19
Chairman Enzi: Congress Must Improve the Way it Budgets for Natural Disasters
WASHINGTON D.C. - During a speech today on the floor of the United States Senate, Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, said that Congress must work to improve the way it budgets for inevitable natural disasters and emergencies. He said this would allow the country to respond to natural disasters more efficiently, while also reducing the burden on American taxpayers. "Congress should be open to any idea that could help our country better plan for the annual costs o… Continue Reading
03.28.19
Senate Budget Committee Approves Plan to Cut Deficits by Half a Trillion Dollars
WASHINGTON D.C. -The Senate Budget Committee, chaired by Senator Mike Enzi (R-WY), today approved the FY 2020 Budget Resolution, which would reduce deficits by more than half a trillion dollars over five years and put America on a more sustainable fiscal path. Enzi noted the budget blueprint will help begin to reduce overspending and set real, achievable deficit reduction targets, while supporting reforms to mandatory spending programs. "The budget does not solve all of our fiscal challenges,… Continue Reading
03.27.19
Chairman Enzi: Senate Budget Resolution is First Step to Strengthen America’s Future
WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, today said Congress must begin the difficult task of addressing America's ballooning debt and deficits. The committee began consideration of the FY 2020 Budget Resolution, focused on reducing the deficit over the next five years. "This budget represents an important first step toward addressing our country's fiscal challenges and provides a path for us to begin working together to achieve real deficit reductio… Continue Reading
