Chairman John Spratt (D-SC) welcomes you to the House Budget Committee's Facebook page
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Events
8 past eventsSee All
- Building an Executive-Legislat...
210 Cannon House Office Building
Tuesday, November 17 at 10:00am - Defense Costs and Long-Term Fi...
210 Cannon House Office Building
Wednesday, October 21 at 2:00pm - Hearing: The Cost of Current D...
210 Cannon House Office Building
Wednesday, October 14 at 10:00am - HEARING: The Recovery Act: Str...
Budget Committee Hearing Room
Friday, July 24 at 10:00am - House Budget Committee to Hold...
Budget Committee Hearing Room
Thursday, July 16 at 10:00am - OMB Dir. Peter Orszag to Testi...
210 Cannon House Office Building
Thursday, June 25 at 10:00am - The Economic Case for Health R...
207 Cannon House Office Building
Friday, June 19 at 10:00am - Peter Orszag to Testify on Sta...
207 Cannon House Office Building
Thursday, June 18 at 10:30am
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Chairman SprattUpdated about a month ago
Wall PhotosUpdated about 2 months ago
View the webcast Chairman Spratt's Opening statement Good Morning. I’d like to welcome all of you to our discussion of performance budgeting and ways Congress and the Administration can work together to make our government more effective and more cost-effective. ...
House Budget Committee Performance budgeting is a key part of our commitment to greater fiscal responsibility – we need accurate information so that our budget simultaneously provides enough funding to accomplish our goals and also provides a strong incentive for authorizers and appropriators to eliminate wasteful or ineffective spending.
Ensuring that public funds are used wisely and effectively.
Time:10:00AM Tuesday, November 17th
Location:210 Cannon House Office Building
Authorization-Appropriations Process The two-stage procedural system that the rules of each house require for establishing and funding federal agencies and programs: FIRST: enactment of authorizing legislation that creates or continues an agency or program; SECOND: enactment of appropriations...
House Budget Committee Through "augmented reality," users can instantly access government records just by pointing their iPhone at an object.
Source: www.npr.org
Want to know where those stimulus dollars were spent? Consider turning your smart phone into a government watchdog — then all you'll have to do is take it for a walk.
U.S. economy roared to life in late summer, as gross domestic product rose at a 3.5 percent annual r
Source: www.washingtonpost.com
Much of that growth was attributable to government policy, including the stimulus bill, a range of government supports for housing, and the Cash for Clunkers program that boosted sales of automobiles.
What is a baseline? A projection of the levels of federal spending, revenues, and the resulting budgetary surpluses or deficits for the upcoming fiscal years. It provides a benchmark for measuring the effects of proposed changes in federal revenues or spending, assuming certain economic conditions...
Discretionary Spending - Spending that Congress must approve on an annual basis. Discretionary spending is often talked about as: defense non-defense/domestic, which includes education, science, transportation, law enforcement, agriculture, and housing activities...
House Budget Committee Budget Fact of the Day: The Congressional Budget Act, which established the current budget process, requires only one budget resolution each year but permits additional ones as necessary.
House Budget Committee
Read Stan Collender's column in Roll Call on the FY2009 deficit.
"When you consider the close-to-desperate U.S. economic situation that existed...the federal budget had to play the major role in sparking the recovery that now seems to be well under way."
Source: www.rollcall.com
At the start of the year, the baseline deficit, that is, the deficit that was estimated would occur in 2009 because of the laws already in effect, was $1.2 trillion. The only major legislative change since then was the stimulus. Lower-than-expected revenues because of the economy increased the defic...
House Budget Committee Read my article in The Hill today on the many factors weighing on the defense budget
Source: thehill.com
• Defense spending has risen to its highest level since WWII, even after adjusting for inflation. • The base defense budget increased at 7-8 percent a year over the last eight years. • With war funding included, the defense budget has more than doubled since 2001. • With large deficits and tight ...
House Budget Committee Budget Fact of the Day: Difference between Debt and Deficit 1. Deficit-The amount in which government spending exceeds the amount of taxes it takes in each year. 2. Debt-the accumulated shortfalls each year since the nation's inception.
House Budget Committee
This year's deficit is the result of the policies of the Bush Administration, along with the cost of actions needed to address the severest economic downturn since the Great Depression.
The deficit number can be attributed to the sharp drop in revenues (almost $420 billion from 2008) and the necessary responses taken to... address this crisis.
It would be harmful to try to balance the budget at a time when the economy has not fully recovered and so many Americans are still struggling. But as the economy recovers, we will need to turn our focus back to deficit reduction.Read More
The deficit number can be attributed to the sharp drop in revenues (almost $420 billion from 2008) and the necessary responses taken to... address this crisis.
It would be harmful to try to balance the budget at a time when the economy has not fully recovered and so many Americans are still struggling. But as the economy recovers, we will need to turn our focus back to deficit reduction.Read More
Source: www.rollcall.com
In fact, the CBO numbers show that almost all of the $1 trillion increase in the deficit from 2008 to 2009 would have happened regardless of who was elected president last November, or if George W. Bush had remained in office.
House Budget Committee
Mark Zandi, chief economist and co-founder of Moody's Economy.Com and former economic adviser to the McCain Campaign, writes in this past weekend's Philadelphia Inquirer on the success of the American Recovery and Reinvestment Act and how "if not for the stimulus, a million fewer jobs would exist today and the unemploy...ment rate would already have risen well into double digits."
Remember you can track the spend out of the Recovery money all the way down to your hometown at www.recovery.gov and see the impact it is having in your backyard.Read More
Remember you can track the spend out of the Recovery money all the way down to your hometown at www.recovery.gov and see the impact it is having in your backyard.Read More
Source: www.economy.com
The federal fiscal stimulus is working. It is no coincidence that the Great Recession has ended just when the stimulus is providing its maximum boost to the economy. The stimulus is doing what it was supposed to: short-circuit the negative cycle of recession and provide a catalyst for recovery.
