Oversight

04.13.16

Enzi: It’s Time For a Better Budget Process

WASHINGTON D.C. - During the Senate Budget Committee's second in a series of hearings focused on America's broken budget process, Chairman Mike Enzi (R-WY) today said congressional budgets are no longer governing documents and are increasingly ignored, leaving the country without a long-term plan. He said it's time for a better budget process that allocates taxpayer resources effectively and efficiently. "It's long past time for a serious, constructive conversation about how we fix our broken … Continue Reading


04.13.16

GAO Report on Duplication Highlights Effect of Broken Budget Process

WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, released the following statement today after the Government Accountability Office (GAO) issued a new report highlighting program duplication that has arisen because of America's broken budget process. "The duplication highlighted in GAO's new report is because of America's broken budget process, and contributes to the nation's spiraling levels of overspending," said Chairman Enzi. "A better budget process wil… Continue Reading


04.12.16

Establishing an FY17 Senate Budget Framework

WASHINGTON, DC - The Senate Budget Committee today released its April 12, 2016, Budget Bulletin focused on establishing a fiscal year 2017 Senate Budget framework. 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. Excerpts follow: Producing a Senate Budget Framework The Bipartisan Budget Act of 2015 (BBA-15, P.L. 114-74) requ… Continue Reading


04.07.16

Budget Committee to Hold April 13 Hearing on Fixing Broken Budget Process

WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, will hold the second in a series of hearings Wednesday, April 13, 2016 at 10:30am focused on fixing the broken budget process. Wednesday's hearing will highlight the benefits of outcome-based budgeting and how it could improve congressional budget decisions. The current input-based process encourages Congress to ask how much more it can spend on a program. Changing this process to an outcome-based approach would… Continue Reading


04.06.16

Enzi: Federal Financial Mismanagement Contributes to Broken Budget Process

WASHINGTON D.C. - During a hearing today focused on the unreliability of federal financial data, Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, said that the federal government's financial mismanagement contributes to the broken budget process. "The Congressional budget process is fundamentally broken, which has contributed to spiraling levels of overspending and debt," said Chairman Enzi. "But it's important to understand that the broken budget process is just one part of … Continue Reading


04.01.16

Budget Committee to Hold April 6 Hearing on GAO Audit of Unreliable Federal Financial Data

WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, will hold a hearing Wednesday, April 6, 2016 at 10:30am focused on the unreliability of federal financial data based on audits done by the Government Accountability Office (GAO). The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget (OMB), annually prepares the consolidated financial statements of the U.S. Government, for Congress and the Administration to use i… Continue Reading


03.24.16

U.S. News: The Budget's Broken. It's Time to Fix It

by Chairman Mike Enzi (R-WY)

The recent spending and debt deal clearly illustrates that the federal budget process is in serious need of reform. America's current budget challenges are directly related to this breakdown and fixing it can put the country on a more responsible spending path going forward. If there was any doubt that the federal budget process is broken, consider this: Congress has passed budget resolutions in less than half of the last 15 fiscal years, and prior to this year's balanced budget resolution, the… Continue Reading


03.09.16

Retirement calculator suffered from coding error; senators press for more answers

http://federalnewsradio.com/retirement/2016/03/retirement-calculator-suffered-coding-error-senators-press-answers/ By Jory Heckman | @jmheckmanMarch 9, 2016 12:13 pm The Consumer Financial Protection Bureau told the chairmen of two Senate financial committees it fixed an "isolated coding error" in its retirement planning calculator, but those senators said many questions remain unanswered. In a letter to Sens. Mike Enzi (R-Wyo.) and Richard Shelby (R-Ala.), CFPB Director Richard C… Continue Reading


03.09.16

Consumer Bureau Response to Broken Retirement Tool Inadequate and Unresponsive

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, called a response from the Consumer Financial Protection Bureau (CFPB) "inadequate and unresponsive" after the agency acknowledged problems with its online Social Security retirement calculator, but failed to fully address the problems or adequately fix them. The Chairmen note the agency's retirement cal… Continue Reading


03.09.16

Consumer Bureau Response to Broken Retirement Tool “Inadequate and Unresponsive”

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, called a response from the Consumer Financial Protection Bureau (CFPB) "inadequate and unresponsive" after the agency acknowledged problems with its online Social Security retirement calculator, but failed to fully address the problems or adequately fix them. The Chairmen note the agency's retirement cal… Continue Reading


03.09.16

Retirement calculator suffered from ‘coding error'; senators press for more answers

by Jory Heckman

In a letter to Sens. Mike Enzi (R-Wyo.) and Richard Shelby (R-Ala.), CFPB Director Richard Cordray said there are legitimate reasons why the agency's retirement calculator produced different results from a similar tool available on the Social Security Administration's website. "The Bureau appreciates the Committee's concern regarding certain differences in estimates," Cordray wrote. "We share this concern, so Bureau staff worked to ensure our tool is both informative and reliable … burea… Continue Reading


03.08.16

CBO Revenue Baselines and Tax Reform

WASHINGTON, DC - The Senate Budget Committee today released its March 8, 2016, Budget Bulletin focused on Congressional Budget Office (CBO) Revenue Baselines and Tax Reform. 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. Excerpts follow: The Congressional Budget Office (CBO) annually produces a baseline estimate of federal … Continue Reading


03.07.16

Senate Budget Committee Postpones Action on FY 17 Budget Resolution

WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, announced today that the committee will postpone possible action on the FY 2017 budget resolution this month, but that discussions will continue on a path forward for the fiscal blueprint. "The Senate Budget Committee will continue to discuss the budget as well as improvements to the budget process that would increase fiscal honesty, stability in government operations and the ability to help govern our nation,"… Continue Reading


02.24.16

President’s FY 2017 Budget – Budget Process Proposals

WASHINGTON, DC - The Senate Budget Committee today released its seventh and final analysis on the President's FY 2017 Budget submission. The February 24, 2016, Budget Bulletin is focused on the fiscal blueprint's budget process proposals. 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. Excerpts follow: In addition to funding… Continue Reading


02.23.16

President’s FY 2017 Budget – Domestic Policy Proposals

WASHINGTON, DC - The Senate Budget Committee today released its sixth in a series of analyses of the President's FY 2017 Budget submission. The February 23, 2016, Budget Bulletin is focused on the Budget's domestic policy proposals. 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. Excerpts follow: Overall, the president's bud… Continue Reading


02.19.16

President’s FY 2017 Budget – Revenue Proposals

WASHINGTON, DC - The Senate Budget Committee today released its fifth in a series of analyses of the President's FY 2017 Budget submission. The February 19, 2016, Budget Bulletin is focused on the Budget's revenue proposals. 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. Excerpts follow: Overview of POTUS FY 17 Budget Reven… Continue Reading


02.18.16

President’s FY 2017 Budget – Education Proposals

WASHINGTON, DC - The Senate Budget Committee today released its fourth in a series of analyses of the President's FY 2017 Budget submission. The February 18, 2016, Budget Bulletin is focused on the Budget's education proposals. 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. Excerpts follow: Education Overview President Bar… Continue Reading


02.17.16

Enzi Asks GAO to Investigate Spending by Feds on Public Relations Activities

WASHINGTON D.C. - GAO will initiate a study to identify and quantify the total amount of federal resources dedicated to agency public relations activities, in response to a formal request from Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee. Enzi cited the increasing pressures on limited federal resources combined with the need for fiscal oversight on spending by the federal government on public relations activities. Enzi issued this GAO request four months after sending a simi… Continue Reading


02.17.16

Federal Agencies to Receive Audit Into Their PR Spending

http://www.govexec.com/oversight/2016/02/federal-agencies-receive-audit-their-pr-spending/126005/ By Eric Katz The Government Accountability Office is launching an investigation to shed a light on a sector of federal agency spending long kept in the shadows: advertising. GAO's announcement came after some powerful lawmakers have pressed agencies for more disclosure into their spending on public relations and advertising. A 2014 Congressional Research Service report found agencies spent $893 m… Continue Reading


02.17.16

Federal Agencies to Receive Audit Into Their PR Spending

by Eric Katz

The Government Accountability Office is launching an investigation to shed a light on a sector of federal agency spending long kept in the shadows: advertising. GAO's announcement came after some powerful lawmakers have pressed agencies for more disclosure into their spending on public relations and advertising. A 2014 Congressional Research Service report found agencies spent $893 million on advertising contracts in fiscal 2013, and nearly $4.7 billion between fiscal years 2009 and 2013. GAO w… Continue Reading

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