Oversight

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: Fiscal Storm needs to be Fixed now, not later

Washington, D.C. - During a hearing Tuesday on securing the nation's fiscal future, U.S. Senator Mike Enzi, R-Wyo., chairman of the Senate Budget Committee, said he hoped the committee would produce bipartisan proposals to fix America's broken budget and spending process. The Comptroller General for the Government Accountability Office Gene L. Dodaro testified, discussing what fiscal rules other countries have utilized to manage their debt and deficits, as well as other steps Congress can take t… 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


06.14.19

Enzi wants economic opportunity zones to target areas in need

WASHINGTON, D.C. - Sen. Mike Enzi wants the Small Business Administration to ensure the Historically Underutilized Business Zones program is fulfilling its mission and improving economic opportunities in distressed communities across the country. In a news release, Enzi said reports showed the HUBZone program funds are going to some of the nation's wealthiest areas, instead of being targeted to the country's neediest communities, as the program was intended. Enzi said he was troubled to re… 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


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


04.09.19

The Bipartisan Push to Budget Long-Term for Natural Disasters

by Zach C. Cohen and Brian Dabbs

The Senate is coming around to an inevitable conclusion: Emergencies are increasingly common, and Congress should budget better for them. As multibillion-dollar disaster-relief legislation languishes in the upper chamber over aid to Puerto Rico, Senate budgeters and appropriators looking to tackle the deficit and the worst effects of climate change are embracing the idea of regular budgeting for natural disasters rather than resorting to supplemental appropriations. Senate Budget Chairman Mich… Continue Reading


04.08.19

Judd Gregg: In praise of Mike Enzi

by Judd Gregg

The federal deficit in February set a record. It was $234 billion. Up until 2008, annual deficits -- those covering twelve months - rarely reached the level of the deficit the federal government just ran for the month of February. The deficit for the first five months of this fiscal year is at $544 billion, and we are not even half way through the year. Most of this deficit was driven by an increase in spending, which is up nine percent over last year's spending at the same time. Last year, … 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


03.29.19

Senate panel approves GOP budget plan

by ANDREW TAYLOR

WASHINGTON (AP) - A Senate panel Thursday approved a GOP budget plan that would curb federal benefit programs by $551 billion over the next five years and reject President Donald Trump's plan to use budget tricks to pad the Pentagon budget. The Budget Committee approved the nonbinding measure by a party-line vote. The budget plan probably won't head to the floor for vote by the full Senate, however, and won't have much bearing on Capitol Hill efforts later this year to reverse automatic spendi… 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


03.28.19

Senate Budget Committee votes to advance 2020 budget plan

by David Sherfinski

The Senate Budget Committee on Thursday voted to advance a 2020 budget plan that aims to eat into government spending over a five-year period and hold annual federal deficits under $1 trillion - a level they're projected to surpass for most of the next decade. Chairman Mike Enzi said the plan is focused on "modest, achievable steps" that will put the country on a stronger financial footing. "This budget will not solve all our problems, but I hope it marks the start of an honest, bipartisan con… 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


03.27.19

Sen. Mike Enzi: Senate Budget Is a First Step to Strengthen America’s Future

by Sen. Mike Enzi

This week the Senate Budget Committee will consider a budget plan that will reduce deficits by half a trillion dollars over the next five years. The budget does not presume to solve all of our fiscal challenges. We've seen past plans with that aspiration, all of which have been ignored within weeks. This time we are calling for Congress to try a different approach. Working together, let's start the process of taking incremental, reasonable steps to rein in deficits and debt and provide the found… Continue Reading

Showing page   of 59