Ranking Member Press
Chairman Enzi: Congress May Not Have the Tools for the Next Fiscal Crisis
WASHINGTON, D.C. - During a nomination hearing for the Director of the White House Office of Management and Budget (OMB), Senate Budget Committee Chairman Mike Enzi (R-WY) today said that he is increasingly concerned that the nation will not have the fiscal tools to address the next fiscal crisis. "While addressing the current pandemic was necessary, I remain concerned about the nation's fiscal health, because while we had the financial tools to address this crisis this time, we should not assu… Continue Reading
04.16.20
White House selects Enzi for task force to reopen economy
U.S. Senators Mike Enzi and John Barrasso and Congresswoman Liz Cheney, all R-Wyo., released the following statements after agreeing to serve on President Trump's task force dedicated to reopening the economy. "I look forward to working with my colleagues and the Administration on this task force to address when and how we can begin to restart our economy," Enzi said. "This virus has closed businesses, which in turn lay off employees. It has closed schools. It has changed every aspect of our dai… Continue Reading
03.12.20
Chairman Enzi: Congress Must Take Steps Toward a Sustainable Fiscal Future
WASHINGTON, D.C. - During a hearing focused on the nation's fiscal health, Senate Budget Committee Chairman Mike Enzi (R-WY) today said that Congress must take concrete steps toward a sustainable fiscal future before it is too late. The Committee heard from Gene Dodaro, the Comptroller General of the United States and head of the U.S. Government Accountability Office (GAO), on the agency's annual update on the fiscal health of the nation. "As the deficit grows and we borrow even more money to … Continue Reading
02.25.20
Chairman Enzi: Bipartisan Budget Reforms Can Improve Fiscal Transparency and Accountability
WASHINGTON, D.C. - During a summit focused on ways to fix the nation's broken budget process, Senate Budget Committee Chairman Mike Enzi (R-WY) today highlighted bipartisan legislation to reform the budget process and encourage bipartisan collaboration in order to tackle our growing debt and deficits. The bill, S.2765, the Bipartisan Congressional Budget Reform Act, would provide a more orderly, deliberative budget process focused on long-term fiscal planning, while also improving fiscal transp… Continue Reading
02.13.20
Bipartisan Bill Would Strengthen Federal Financial Management
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) this week introduced bipartisan legislation to strengthen federal financial management by updating the Chief Financial Officers (CFO) Act of 1990. The CFO Act created a new foundation for federal financial management and established a fiscal management reporting and leadership structure. The legislation, S. 3287, is cosponsored by Senators Mark Warner (D-VA), Chuck Grassley (R-IA), Ron Johnson (R-WI), David Perdue (R-GA), and … Continue Reading
02.12.20
CBO Shows Explosive Growth in Cost of Income Driven Repayment for Student Loans
WASHINGTON, D.C. - The Congressional Budget Office (CBO) today released a new report that shows the cost projections for income driven repayment (IDR) plans surging, which will ultimately cost the federal government more than $200 billion over the next decade. The report also found that more than half of the loans are expected to be forgiven, instead of fully repaid. The report was requested by Senate Budget Committee Chairman Mike Enzi (R-WY) and Senate Health, Education, Labor, and Pensions Co… Continue Reading
02.10.20
Chairman Enzi's Statement On President’s FY 2021 Budget Proposal
WASHINGTON, D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, issued the following statement today on the President's fiscal year 2021 budget proposal: "Presidents' budgets are a reflection of Administration priorities, but in the end, they are just a list of suggestions, as the power of the purse rests with Congress," said Chairman Enzi. "Bipartisan consensus will be necessary to bring our debt and deficits under control. I hope to work with my colleagues on both side… Continue Reading
02.06.20
Enzi: Expired Programs Cost Govt. Hundreds of Billions of Dollars
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) said federal programs with expired authorizations are costing the government hundreds of billions of dollars every year, after a new report was issued by the Congressional Budget Office (CBO). CBO analyzed all the programs and activities funded by Congress through the annual appropriations process and found that hundreds have authorizations that expired or will expire this fiscal year. CBO found that the federal government is … Continue Reading
01.29.20
New CBO Budget Outlook Shows Dramatically Higher Long-Term Debt and Deficits
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) today said the Congressional Budget Office's (CBO) Budget and Economic Outlook for fiscal years 2020 through 2030 shows the country on an unsustainable fiscal path, with debt and deficits rising sharply. CBO's extended projections show that the Bipartisan Budget Act of 2019 and legislation enacted last year that repealed the Cadillac tax will add massive amounts of debt over the long-term, which will dampen economic output and … Continue Reading
01.23.20
New GAO Report Shows Trust Funds on Unsustainable Course
WASHINGTON, D.C. - The U.S. Government Accountability Office (GAO), the non-partisan government watchdog agency, today released a report requested by Senate Budget Committee Chairman Mike Enzi (R-WY) and Senator Mike Braun (R-IN) warning that some major federal trust fund programs - including Social Security and Medicare - are on an unsustainable course. While total federal trust fund balances increased between fiscal years 2014 and 2018, the projected total balance is expected to begin decreas… Continue Reading
01.14.20
Senate Budget Committee Approves Trade Legislation
WASHINGTON, D.C. - The Senate Budget Committee today approved H.R. 5430, The United States-Mexico-Canada Agreement Implementation Act. The agreement is designed to boost economic growth by modernizing the North American Free Trade Agreement (NAFTA). The bill was previously approved by the Senate Finance Committee last week and by the Senate Environment and Public Works Committee earlier today. In addition, the bill was also referred to the Senate Committees on Appropriations, Commerce, Science a… Continue Reading
12.05.19
New Scorekeeping Report Continues Focus on Fiscal Transparency in Congress
WASHINGTON, D.C. - Today, Senate Budget Committee Chairman Mike Enzi (R-WY) announced the release of the December 2019 Senate scorekeeping report. That report tracks the budgetary impact of legislation approved by Congress against the deemed budgetary numbers included in the Bipartisan Budget Act of 2019. The Congressional Budget Act of 1974 requires the Chairmen of the House and Senate Budget Committees to provide members of Congress with regular updates on the budgetary effects of congressio… Continue Reading
11.06.19
WHAT OTHERS ARE SAYING: Bipartisan Budget Process Reform Legislation
WASHINGTON, D.C. - The Senate Budget Committee approved bipartisan budget reforms sponsored by Chairman Mike Enzi (R-WY) and Senator Sheldon Whitehouse (D-RI) to fix the government's broken budget process by a vote of 15 to 6. The bill, S.2765 - the Bipartisan Congressional Budget Reform Act, would provide a more orderly and deliberative budget process focused on long-term fiscal planning. The historic measure approved today represents the first bipartisan budget reforms approved by the Senate B… Continue Reading
11.06.19
Senate Budget Committee Approves Historic Bipartisan Budget Reforms
WASHINGTON, D.C. - The Senate Budget Committee today approved bipartisan budget reforms sponsored by Chairman Mike Enzi (R-WY) and Senator Sheldon Whitehouse (D-RI) to fix the government's broken budget process. The bill, S.2765 - the Bipartisan Congressional Budget Reform Act, would provide a more orderly and deliberative budget process focused on long-term fiscal planning. The historic measure approved today represents the first bipartisan budget reforms approved by the Senate Budget Committee… Continue Reading
10.31.19
Senators Enzi and Whitehouse Offer Bipartisan Reforms to Fix Broken Budget Process
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) and Committee member Senator Sheldon Whitehouse (D-RI) today introduced bipartisan legislation to fix the federal government's broken budget process. The Bipartisan Congressional Budget Reform Act would provide a more orderly, deliberative budget process focused on long-term fiscal planning. It would end the brinksmanship surrounding the debt limit and encourage bipartisan collaboration in tackling our growing debt and deficits… Continue Reading
10.30.19
Chairman Enzi: Better Financial Management Will Lead to Better Budgets
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) said it was important to learn what the federal government is doing well in terms of federal financial management, and what opportunities exist for further improvements during a hearing today focused on the federal government's efforts to meet the requirements of the Chief Financial Officers (CFO) Act of 1990. "When the CFO Act was signed into law nearly 30 years ago, it laid a new foundation for federal financial management,… Continue Reading
10.28.19
Joint Statement from Chairman Enzi and Ranking Member Womack Opposing H.R. 2440
WASHINGTON, D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) and House Budget Committee Ranking Member Steve Womack (R-AR) issued the following statement today expressing opposition to H.R. 2440, the Full Utilization of the Harbor Maintenance Trust Fund (HMTF): "The Bipartisan Budget Act of 2019, which increased spending caps for fiscal years 2020 and 2021, was enacted less than three months ago. Instead of prioritizing additional funding for harbor maintenance activities under this ag… Continue Reading
10.25.19
Chairman Enzi: Soaring Deficits Show Our Fiscal Path is Unsustainable
WASHINGTON, D.C. -Senate Budget Committee Chairman Mike Enzi (R-WY) released the following statement today after the Department of Treasury issued its monthly treasury report showing the federal government's deficit rising by more than 26 percent from last year to $984 billion: "Today's report shows that our nation's current fiscal path is unsustainable. In the last twelve months, the federal deficit has surged more than 26 percent. While the federal government's revenue continues to grow, s… Continue Reading
10.23.19
Chairman Enzi: Pension Bailout Would Leave Taxpayers Holding the Fiscal Bag
WASHINGTON, D.C. - During a speech on the floor of the United States Senate, Budget Committee Chairman Mike Enzi (R-WY) warned that a House of Representatives-passed bill, the Rehabilitation for Multiemployer Plans Act of 2019, would bail out some of the worst-funded multiemployer plans at taxpayers' expense. "My concern with this bill is not just with its immediate costs to taxpayers, but also what it would mean down the road," said Chairman Enzi. "This bill would send the signal to private … Continue Reading
10.17.19
Enzi: Scorekeeping Reports Will Foster Fiscal Transparency in Federal Spending Process
WASHINGTON, D.C. - Today, Senate Budget Committee Chairman Mike Enzi (R-WY) announced the release of the October 2019 Senate scorekeeping report. That report tracks the budgetary impact of legislation approved by Congress against the deemed budgetary numbers included in the Bipartisan Budget Act of 2019. The Congressional Budget Act of 1974 requires the Chairmen of the House and Senate Budget Committees to provide members of Congress with regular updates on the budgetary effects of congression… Continue Reading
