Oversight

11.30.16

GAO: Student Loan Cost Projections Doubled; Flawed Estimates Lack Transparency

WASHINGTON D.C. - The Government Accountability Office (GAO) today released the results of an extensive investigation requested by Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, on the cost projections of the Income Driven Repayment (IDR) plans administered by the Department of Education. GAO's report shows that the current cost projections for IDR plans are tens of billions higher than original estimates. GAO also found that the Department of Education used flawed data to e… Continue Reading


11.30.16

GAO: Student Loan Cost Projections Doubled; Flawed Estimates Lack Transparency

WASHINGTON D.C. - The Government Accountability Office (GAO) today released the results of an extensive investigation requested by Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, on the cost projections of the Income Driven Repayment (IDR) plans administered by the Department of Education. GAO's report shows that the current cost projections for IDR plans are tens of billions higher than original estimates. GAO also found that the Department of Education used flawed data to e… Continue Reading


11.17.16

BUDGET BULLETIN: Regulatory Reform Outlook

WASHINGTON, DC - The Senate Budget Committee today released its November 17, 2016, Budget Bulletin focused on the outlook for Regulatory 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 rising cost to the economy of federal regulation is alarming. Private sector experts now estimate new federal ru… Continue Reading


11.17.16

Regulatory Reform Outlook

WASHINGTON, DC - The Senate Budget Committee today released its November 17, 2016, Budget Bulletin focused on the outlook for Regulatory 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 rising cost to the economy of federal regulation is alarming. Private sector experts now estimate new federal ru… Continue Reading


11.14.16

Budget reform at the top of Enzi's to-do list

by KATHY BROWN

Mike Enzi has been waiting for this day. The U.S. Senator from Gillette returned to Washington, D.C., on Sunday to begin his 20th year representing Wyoming. Only this time, the president-elect is Republican and his party - Republican - also enjoys the majority in the U.S. Senate and House. He's ready to begin work on a package of proposals and bills, many focused on budget reform "in a nonpartisan way," and hopes they'll succeed. At the same time, he's warning other lawmakers that… Continue Reading


10.20.16

BUDGET BULLETIN: FY 2017 Continuing Resolution

WASHINGTON, DC - The Senate Budget Committee today released its October 20, 2016, Budget Bulletin focused on the FY 2017 Continuing Resolution. 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. This Bulletin contains an in-depth look at the FY 2017 appropriations process to date. It details what was accomplished under regular order, how the Appropriations Committee gen… Continue Reading


10.20.16

FY 2017 Continuing Resolution

WASHINGTON, DC - The Senate Budget Committee today released its October 20, 2016, Budget Bulletin focused on the FY 2017 Continuing Resolution. 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. This Bulletin contains an in-depth look at the FY 2017 appropriations process to date. It details what was accomplished under regular order, how the Appropriations Committee gen… Continue Reading


10.05.16

New GAO Report Shows Feds Spend $1.5 Billion Annually on PR Activities

WASHINGTON D.C. - The U.S. Government Accountability Office (GAO), the non-partisan government watchdog agency, today released a report, requested by Senate Budget Committee Chairman Mike Enzi (R-WY), showing that the federal government spends $1.5 billion annually on public relations activities. The report details how federal agencies spend about $1 billion annually on public relations/advertising contracts and the approximately 5,000 federal public relations employees collectively receive n… Continue Reading


10.05.16

New GAO Report Shows Feds Spend $1.5 Billion Annually on PR Activities

WASHINGTON D.C. - The U.S. Government Accountability Office (GAO), the non-partisan government watchdog agency, today released a report, requested by Senate Budget Committee Chairman Mike Enzi (R-WY), showing that the federal government spends $1.5 billion annually on public relations activities. The report details how federal agencies spend about $1 billion annually on public relations/advertising contracts and the approximately 5,000 federal public relations employees collectively receive nea… Continue Reading


09.29.16

GAO Rules Obamacare Reinsurance Unlawfully Diverting Billions From Taxpayers

WASHINGTON, DC - A group of bicameral Republican health care leaders are pointing to a new legal opinion issued on Obamacare's controversial reinsurance program. The leaders urged the Comptroller General of the United States this spring to publish a legal opinion on the Centers for Medicare and Medicaid Services' (CMS) decision to ignore federal law, and a previous CMS regulation that required taxpayers and the Treasury be paid under the Obamacare reinsurance program. To date, CMS has ignored th… Continue Reading


09.27.16

Enzi takes on bipartisan budget reform in Congress

by Laura Hancock

Threatened federal government shutdowns. Spending bills that exceed limits negotiated by Congress. Concocted emergencies to justify loans. And no way for the public to follow the money. These are all dysfunctions of the current budgeting and spending process in Washington, U.S. Sen. Mike Enzi says. And the Republican, who leads the Senate Budget Committee, is working with colleagues on both sides of the aisle to reform the process. "We have a broken budget process," Wyoming's senior U.… Continue Reading


09.20.16

Senate Budget Chairman Proposes a Cure for Congress' Addiction to Continuing Resolutions

by Charles S. Clark

Congress' frustrating budget stalemates and addiction to end-of-session continuing resolutions could be eliminated under a new set of reform proposals detailed on Monday by Sen. Mike Enzi, R-Wyo., chairman of the Budget Committee. An accountant who points proudly to firm spending decisions made by the legislature in Wyoming, Enzi has been holding hearings and rolling out budget reform proposals for much of this year. To his earlier calls for biennial budgeting and a new fiscal commission to ta… Continue Reading


09.19.16

Enzi Calls for Bipartisan Budget Process Reform

WASHINGTON D.C. - Senate Budget Committee Chairman Mike Enzi's (R-WY) called for bipartisan solutions to fix America's broken budget process today during a forum focused on budget process reform. Earlier this year, Chairman Enzi proposed implementing new rules to make it easier for Congress to consider and pass its annual budget and appropriations measures, and update federal budget concepts that determine how the Congressional Budget Office (CBO) and Office of Management and Budget (OMB) estim… Continue Reading


09.15.16

Accounting for Federal Credit Programs

WASHINGTON, DC - The Senate Budget Committee today released its September 15, 2016, Budget Bulletin focused on Accounting for Federal Credit Programs. 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. During a recent Committee hearing, Congressional Budget Office (CBO) Director Keith Hall noted the agency's long-held view that fair value scoring provides a more comprehen… Continue Reading


09.14.16

Enzi: CBO Must Continue to Provide Objective and Insightful Information to Congress

WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, today during an oversight hearing of the Congressional Budget Office (CBO), said that it was crucial for CBO to provide objective and insightful information to Congress, while also increasing transparency of the agency's analysis and operations. "CBO recently released its latest round of projections this year," said Chairman Enzi. "What this report heralded should not be a surprise to anyone. CBO has continual… Continue Reading


08.11.16

Enzi Gains Support From Outside Congress for Budget Overhaul

by Paul M. Krawzak

A bipartisan group that advocates changes in the budget process expressed support Thursday for several that were suggested by Senate Budget Chairman Michael B. Enzi. The Committee for a Responsible Federal Budget released a paper explaining why it backs Enzi's proposals to end the vote-a-rama practice, set aside dedicated time to consider appropriations bills and make the Senate budget resolution and amendments available in advance, among other proposals. Enzi, R-Wyo., released a dozen or so p… Continue Reading


07.17.16

Return to supercommittee mulled in Senate

by Joseph Lawler

Although overshadowed by the presidential campaign, a serious move is underway in Congress to try to end the dysfunction around the budget process and set up new fiscal commissions to reduce the debt. The effort, led by Senate Budget Committee Chairman Mike Enzi and bipartisan interlocutors, is not an attempt to reach a grand bargain or solve any of the fiscal problems that face the country. Instead, the senators are discussing overhauling the way Congress sets budgets and appropriates funds t… Continue Reading


07.15.16

Budget Chairmen: Dept. of Ed’s Rule Could Cost Taxpayers Billions

WASHINGTON D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) and House Budget Committee Chairman Tom Price (R-GA) have asked the Department of Education for additional information concerning a new proposal by the department that could add as much as $41 billion to the cost of the federal student loan program over the next decade, according to an administration estimate. Read the full letter to the Department of Education here. Excerpts follow: "This is the latest in a series of admin… Continue Reading


07.14.16

Budget reforms would end Senate vote-a-rama

by JOSEPH LAWLER (@JOSEPHLAWLER)

The former accountant has only a small window of opportunity, however. He said in May that any reforms would need to be enacted before the November elections, so that neither party would know whose majority or White House would be affected by the reforms. Congress has scheduled only five more weeks of work before voters head to the polls, thanks to lengthy summer breaks for both chambers. Stay abreast of the latest developments from nation's capital and beyond with curated News Alerts … Continue Reading


07.14.16

Budget Perspectives for Fannie and Freddie

WASHINGTON, DC - The Senate Budget Committee today released its July 14, 2016, Budget Bulletin focused on Budget Perspectives for Fannie and Freddie. 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: Fannie Mae and Freddie Mac, which play a key role in the U.S. housing-finance system, have been in conservators… Continue Reading

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