House Budget Committee

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Obama, Paul Ryan to Lunch

The president's charm offensive continues today

(Newser) - President Obama has invited Paul Ryan to come have lunch with him at the White House today, the latest step in his post-sequester charm offensive . "I appreciate the president's invitation, and I look forward to our conversation," said the House Budget Committee chair in a statement, per... More »

New GOP Budget Would Cut $4T

Plan would drastically slash Medicare

(Newser) - In an attempt to reframe the budget debate, Republicans are proposing a 2012 budget that features $4 trillion in spending cuts over the next decade—and would end Medicare as we know it, reports the Wall Street Journal . Democrats won’t likely support the 2012 plan, helmed by House Budget... More »

Paul Ryan Will Give GOP's State of the Union Response

Young budget wonk is a rising star of the party

(Newser) - GOP up-and-comer Paul Ryan will deliver the Republican response to President Obama’s State of the Union address next week , reports the Washington Post . Ryan is chair of the House Budget Committee, and he'll speak from the panel's hearing room to underscore a message of fiscal discipline, say party leaders.... More »

Bernanke Sees Slow Recovery, Despite Positive Signs

Still hopes economy will grow by year's end

(Newser) - The US has a long way to go before the economy returns to full health, despite hopeful signs, Ben Bernanke told the House budget committee today. “Recovery will only gradually gain momentum and that economic slack will diminish slowly,” the Fed chairman said. With businesses cautious, “the... More »

Top Dem Dogs Ready to Retool Obama's Budget

Prez lets lawmakers take the lead—and they have their own ideas

(Newser) - To clear Congress, President Obama’s budget is going to have to survive committee turf wars and parochial interests—and that’s just the Democrats. The New York Times reports that key committee chairmen in the House and Senate have ideas of their own on health care, energy, and taxes.... More »

Bernanke Backs Quick Bailout

Fast, temporary stimulus would buoy flagging economy, Fed chief tells Congress

(Newser) - The country needs a federal stimulus package ASAP, Federal Reserve Chairman Ben Bernanke told the House Budget Committee today, advocating immediate legislation designed “so its effects on aggregate spending are felt as much as possible within the next 12 months.” But he said the package should be “... More »

Bernanke Backs Stimulus Plans for Economy

Fed chief wants aid package that's quick and temporary

(Newser) - Ben Bernanke insists he won’t take sides in a congressional fray over how to revive the nation’s flat-lining economy. But the Fed chief says he will support an economic stimulus package—be it GOP tax cuts or Democrats' increased spending—as long as it is quick and temporary,... More »

7 Stories