The House Budget Committee is examining the budget of “every agency” in an effort to identify cuts to reign in federal spending that can gain majority approval in the House. The effort has become more urgent since House Speaker Kevin McCarthy (R-Calif.) announced the outline of a plan to deal with the debt ceiling and…

Massive spending bills authorized by Congress over the last two years have poured billions of dollars through federal agencies into state coffers, threatening to overwhelm the government inspectors charged with preventing fraud, waste, and abuse in the use of taxpayer money. Inspectors general from three federal agencies and a director from the Government Accountability Office…

The U.S. is in “terrible shape” financially and is “flying blind in mountains of debt” that will cause future generations to “reap the whirlwind of an irreparable economic disaster” unless immediate action is taken, according to some witnesses and members of the House Budget Committee. Witnesses testifying at the March 29 hearing on the country’s…

While talks between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) about spending cuts as a condition for increasing the debt ceiling remain at a stalemate, House Republicans and Democrats are divided in their viewpoints about Biden’s fiscal year 2024 federal budget proposal. On March 23, Office of Management and Budget Director Shalanda Young…

House Republican Conference Chairman Elise Stefanik (R-N.Y.) didn’t hesitate a second when asked during the GOP congressional retreat in Orlando March 20 by Punchbowl co-founder Jake Sherman how she and her colleagues “can balance the budget without touching entitlements and mandatory spending” in 2023. “I believe that when we focus on Social Security and Medicare,…