Where Have All the Deficit Hawks Gone?
Despite all the blustering on the campaign trail about the debt and deficit, this week the Treasury Department announced a fiscal year 2018 deficit of $779 billion. This is the largest deficit since 2012, two years after the Tea Party wave swept Democrats out of power in the House in 2010.
What are budget hawks in Congress saying?
Blue Dog Coalition on Twitter: Unfortunately, we’re now seeing the repercussions of the partisan, deficit-exploding GOP tax law. But, it doesn’t have to be this way. Our future depends on both parties working together to get our nation’s fiscal house back in order. We can be fiscally responsible—we must be.
In The News
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The Internal Revenue Service missed a 5 p.m. Tuesday deadline to hand copies of President Donald Trump's personal and business tax returns over to Congress, setting the stage for a potentially lengthy legal battle. In a letter to House Ways and Means Committee chair Richard Neal,... Read More
WASHINGTON — The House gets a relatively rare chance to directly address the Supreme Court on Tuesday in a legal showdown about whether the Trump administration can add a citizenship question to the 2020 census. The case is one of the most significant for members of... Read More
The House Judiciary Committee on Monday issued a subpoena to former White House Counsel Donald McGahn requesting that he appear before the panel on May 7. In a statement, Judiciary Committee Chairman Jerrold Nadler, D-N.Y., said he believes McGahn may be able to shed light on... Read More
Both Social Security and Medicare are on unstable financial footing, and lawmakers need to act sooner rather than later to shore up America’s bedrock retirement programs and phase in needed changes, the trustees of both programs said in reports released Monday. Social Security is the government's... Read More
President Donald Trump and the Trump Organization on Monday sued the Democratic chairman of the House Committee on Oversight and Reform to block a subpoena that seeks years of the president's financial records. The complaint, filed in the U.S. District Court for the District of Columbia,... Read More