Oversight
Grassley on CBO 10-Year Budget and Economic Outlook
WASHINGTON - The Congressional Budget Office (CBO) today released its Budget and Economic Outlook: 2024-2034. The report contains CBO’s projections for the federal budget and U.S. economy under current law for the next decade. Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) said of the report: “Congress ought to interpret CBO’s projections as a ‘call to action:’ the federal government must break from its irresponsible spending pattern. Otherwise, Americans will soon find themsel… Continue Reading
02.05.24
Biden Blows Past Budget Deadline for Four Years Running
WASHINGTON - Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) today issued the following statement regarding President Joe Biden’s failure to submit a budget proposal to Congress by the first Monday in February for the fourth year in a row: “President Biden has achieved a perfect score for fiscal tardiness. For four years running, this president has been unable to muster a budget proposal by the time the law says it’s due. “In the meantime, President Biden has pushed reckless sp… Continue Reading
01.10.24
Grassley Urges Fiscal Focus as Democrat-Led Budget Committee Begins Year with Climate Hearing
Opening Remarks by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing titled, “Investing in the Future: Safeguarding Municipal Bonds from Climate Risk” Wednesday, January 10, 2024 VIDEO Mr. Chairman, I wish you, in turn, a Happy New Year, and to your family as well. As you would expect, I’m going to say that I’ve enjoyed the first year we’ve had, even though we’ve had some disagreement on the agenda of the committee. And so, I’m going start out where you’d … Continue Reading
12.06.23
Senate Budget Committee Digs into Impact of Private Equity Ownership in America’s Hospitals
WASHINGTON - Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) and Chair Sheldon Whitehouse (D-R.I.) today opened a bipartisan investigation into the impacts of private equity ownership on our nation’s hospitals. Grassley and Whitehouse sent letters to the chief executive officers (CEOs) of Apollo Global Management, Lifepoint Health, Medical Properties Trust, Leonard Green & Partners and Prospect Medical Holdings, along with the CEO of Ottumwa Regional Health Center, a for-profi… Continue Reading
12.05.23
Grassley, Scott Lead Budget Committee Republicans in Urging Chairman Whitehouse to Prioritize Fiscal Climate
WASHINGTON - Amid a barrage of warnings about the country’s deteriorating fiscal health, Senate Budget Committee Republicans today are urging Chairman Sheldon Whitehouse (D-R.I.) to convene a series of hearings examining policies to address the nation’s looming economic challenges. In a letter cosigned by all committee Republicans, the senators cite credit downgrades and independent analyses warning of the challenges presented by growing debt, deficit and interest obligations. “Under your chair… Continue Reading
11.08.23
Grassley: To Improve Tax Compliance, Focus On IRS Customer Service Over Enforcement
Prepared Opening Statement by Senator Chuck Grassley of IowaRanking Member, Senate Budget CommitteeHearing on “Fairness and Fiscal Responsibility: Cracking Down on Wealthy Tax Cheats”Wednesday, November 8, 2023VIDEO If someone were to base everything they know about IRS reform from what they hear today, they’d probably get the impression it’s a divisive and politically charged topic. A few years ago, however, IRS reform had strong bipartisan support. In June of 2019, the Taxpayer First Act pa… Continue Reading
11.02.23
Grassley Cosponsors Bipartisan Push to Reform the Broken Budget Process
WASHINGTON - Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) joined Sens. Jeanne Shaheen (D-N.H.), Mike Braun (R-Ind.) and colleagues to reintroduce bipartisan budget reform legislation. The Biennial Budgeting and Appropriations Act would overhaul the way Congress allocates federal dollars and strengthen oversight of government spending, paving the way to tackling the nation’s debt. The bill would convert the annual appropriations process for federal tax dollars to a two-year budg… Continue Reading
10.26.23
Grassley Recalls President Reagan: ‘America is Once Again at a Time for Choosing’
Floor Remarks by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee “A Time for Choosing” Thursday, October 26, 2023 VIDEO Fifty-nine years ago tomorrow - in other words, Friday - Ronald Reagan delivered his iconic 'A Time for Choosing' speech. In this speech, the future president laid out in stark terms the challenges the Americans faced as a nation, all due to a bloated federal government that threatened Americans’ prosperity and individual freedoms. America i… Continue Reading
10.25.23
Grassley Backs ‘Practical Solutions’ for Adapting to Climate Change, Welcomes Iowa Witness
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Committee on the Budget Hearing on “Bottlenecks and Backlogs: How Climate Change Threatens Supply Chains” Wednesday, October 25, 2023 VIDEO This morning the Budget Committee holds its 12th hearing in 10 months on climate change. Over the course of these hearings, we’ve heard sensationalist and the alarmist rhetoric used to mislead the public on climate change and draw support for top-down policies. We’v… Continue Reading
10.18.23
Grassley Spotlights Ways to Cut Drug Costs and Enhance Health Care System Innovation, Efficiency
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on "Improving Care, Lowering Costs: Achieving Health Care Efficiency" Wednesday, October 18, 2023 Watch Grassley’s remarks HERE. Learn about his work to hold the pharmaceutical industry accountable and reduce consumer prices HERE. [It’s a] very important subject...improving health care and lowering costs. And thanks to all our witnesses for the extra time you’ve put in to educating… Continue Reading
10.10.23
Grassley Doubles Down on Calls for Fiscal Sanity as U.S. Deficit Balloons under Biden
BUTLER COUNTY, IOWA - The non-partisan Congressional Budget Office (CBO) today published a report showing the U.S. deficit for Fiscal Year 2023 is $1.7 trillion, prompting Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) to amplify his calls for fiscal sanity. “At the rate this administration is burning through taxpayer cash and borrowing money, Americans will be paying off Biden-era economic decisions for generations. The president must shift gears and start cutting costs,” Grass… Continue Reading
09.27.23
Grassley Discusses Strategies to Preserve and Strengthen Medicare for Future Generations
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on Medicare Solvency Wednesday, September 27, 2023 VIDEO Thank you, Mr. Chairman, for holding this very important hearing, because we can all recognize Medicare and Social Security are very much a part of the social fabric. They may be government programs, but they also interact with the private sector, retirement and health benefits as well. It’s not something that just government doe… Continue Reading
09.21.23
Grassley: Credit Suisse Must Embrace Sunlight In Review Of Nazi-Linked Accounts
Floor Remarks by Senator Chuck Grassley of IowaRanking Member, Senate Budget Committee"Credit Suisse Must Fully Investigate Historic Servicing of Nazi Clients"Thursday, September 21, 2023 VIDEO Earlier this year, Chairman Whitehouse and I began bipartisan work to investigate Credit Suisse’s historical servicing of Nazi-linked accounts. Today, I’d like to discuss this important bipartisan work and thank him and his staff for their assistance on this topic. In March of 2020, the Simon Wiesent… Continue Reading
09.20.23
Grassley: Biden Policies Don't Bring Prosperity for All
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “Reducing Inequality, Fueling Growth: How Public Investment Promotes Prosperity for All” Wednesday, September 20, 2023 VIDEO Thank you, Mr. Chairman. I appreciate the subject of today’s hearing because I’ve spent my entire Senate career advancing policies that improve the livelihoods of ordinary Americans. As a former chairman of the Finance Committee, I’ve personally sheph… Continue Reading
09.13.23
Grassley Challenges Congress To Exercise Fiscal Responsibility And Good Governance
Floor Remarks by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee “On Fiscal Responsibility and Good Government” Wednesday, September 13, 2023 VIDEO In June, Congress passed a bipartisan bill to increase the debt limit and impose meaningful fiscal controls. That law was appropriately titled the Fiscal Responsibility Act. Its passage marked a long-overdue step towards fiscal sanity. I assume you’ve got to go back about a dozen years until Congress has taken such a … Continue Reading
09.13.23
Grassley Discusses Immigration Concerns Raised at County Meetings and Welcomes Iowa Witness to the Budget Committee
Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “Unlocking America’s Potential: How Immigration Fuels Economic Growth and Our Competitive Advantage” Wednesday, September 13, 2023 VIDEO Over the August break, I completed my annual tour of Iowa. For the 43rd straight year, I held at least onetown hall style meeting in each of Iowa’s 99 counties. These meetings allow me to hear directly from my fellow Iowans about what’s on their minds.… Continue Reading
09.11.23
Grassley Urges Biden Admin to Change Course on Spending Policies Following CBO’s Latest Budget Report
WASHINGTON - Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) today issued a statement on the non-partisan Congressional Budget Office’s (CBO) August review. As the end of the fiscal year (FY) approaches, this report paints a more holistic picture of how federal laws have contributed to the dismal economic conditions Americans are experiencing under the Biden administration. “At this rate, the Biden administration might as well be taking money straight from people’s pockets,” Gra… Continue Reading
08.17.23
Credit Suisse Failed to Fully Investigate Nazi-Linked Accounts, Full Report Confirms
WASHINGTON– Persistent and bipartisan oversight by the Senate Budget Committee has exposed new details that show Credit Suisse’sinternal investigation into its servicing of Nazi clients and their enablers was insufficient, allowing the bank to continue to obscure details of its historic servicing of Nazi clients and their enablers. Pursuant to subpoena, the Budget Committee obtained records, which it released in April 2023, that brought to light new evidence that Credit Suisse… Continue Reading
08.16.23
Grassley: Iowans Are Paying More Thanks to Democrats’ Inflation ‘Enhancement’ Act
BUTLER COUNTY, IOWA – One year after President Biden signed into law Democrats' Inflation Reduction Act (IRA), U.S. Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) today issued the following statement: “The most effective policymaking happens when legislators of different political ideologies work together on behalf of the American people. When congressional Democrats unilaterally moved a historically massive spending package through the legislative process las… Continue Reading
07.26.23
Grassley Speaks on Need to Improve Infrastructure while Driving Down Debt at Senate Budget Hearing
Prepared Opening Statement by Senator Chuck Grassley of Iowa Ranking Member, Senate Budget Committee Hearing on “Beyond the Breaking Point: The Fiscal Consequences of Climate Change on Infrastructure” Wednesday, July 26, 2023 VIDEO Before I begin my opening statement, I want to go back to a discussion that we had in this committee at the last hearing; it was a climate hearing. Democrats on this committee touted a September 2021 IMF Working Paper on fossil fuel subsidies. Th… Continue Reading
