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 reduce future spending during an April 17 speech at the New York Stock Exchange.
Acknowledging that the task of aligning Republicans around a specific plan may be difficult, committee member Rep. Ralph Norman (R-S.C.) said it was nevertheless vital to pare back federal spending in the face of growing debt….