Oversight
Retirement calculator glitch gave misleading information
http://bit.ly/1RJJSh7 By Jory Heckman | @jmheckman January 7, 2016 12:43 pm The chairmen of two Senate financial committees claim an agency's online retirement planning calculator misled seniors about how much they could expect to receive in retirement benefits. Sens. Mike Enzi (R-Wyo.), chair of the Senate Budget Committee, and Richard Shelby (R-Ala.), chair of the Senate Committee on Banking, Housing and Urban Affairs, claim the Consumer Finance Protection Bureau gave prospective retirees … Continue Reading
01.11.16
BUDGET BULLETIN: 2016 Omnibus Spending Bill Epilogue
WASHINGTON, DC - The Senate Budget Committee today released its January 11, 2016, Budget Bulletin focused on the 2016 omnibus spending bill. The Budget Bulletin provides regular expert articles by Senate Budget Committee analysts on the issues before Congress relating to the budget, deficits, debt, and the economy. Read the full Senate Budget Bulletin here. Excerpts follow: Use of the Omnibus: Combining Appropriations to Resolve Impasses Recent fiscal years have seen a variety of omnibus per… Continue Reading
01.11.16
2016 Omnibus Spending Bill Epilogue
WASHINGTON, DC - The Senate Budget Committee today released its January 11, 2016, Budget Bulletin focused on the 2016 omnibus spending bill. The Budget Bulletin provides regular expert articles by Senate Budget Committee analysts on the issues before Congress relating to the budget, deficits, debt, and the economy. Excerpts follow: Use of the Omnibus: Combining Appropriations to Resolve Impasses Recent fiscal years have seen a variety of omnibus permutations. Congress approved 2009 and 2012 s… Continue Reading
01.06.16
Congress Approves Far-Reaching Obamacare Repeal
Measure Will Head to President for First Time WASHINGTON D.C. - The United States Congress, through the budget reconciliation process, passed the most comprehensive and far-reaching repeal of Obamacare to reach the president's desk. The Senate approved the legislation last month, and the House approved today. "Congress has passed the most comprehensive and far-reaching repeal of Obamacare to actually reach the president's desk," said Chairman Enzi. "Most Americans are still opposed to this u… Continue Reading
01.06.16
Lawmakers Want Answers On Consumer Agency’s Faulty Retirement Benefit Planner
http://dailycaller.com/2016/01/05/gop-lawmakers-want-answers-on-consumer-agencys-faulty-retirement-benefit-planner/ JULIEGRACE BRUFKE Republican senators want answers on why a retirement calculator created by the Consumer Financial Protection Bureau (CFPB) is providing flawed results. In a letter written to CFPB director Richard Cordray in December, Senate Committee on the Budget Chairman Mike Enzi of Wyoming and Senate Committee on Banking, Housing, and Urban Af… Continue Reading
01.06.16
Senators: CFPB Miscalculated With Retirement Tool
http://morningconsult.com/alert/gop-senators-cfpb-miscalculated-with-retirement-tool/ Two Senate GOP committee chairmen criticized the Consumer Financial Protection Bureau for releasing a retirement benefits calculator that they say is inaccurate and duplicative of a similar Social Security Administration tool. Senate Banking Committee Chairman Richard Shelby (R-Ala.) and Budget Committee Chairman Mike Enzi (R-Wyo.) wrote to CFPB Director Richard Cordray and said the independent agency's retir… Continue Reading
01.06.16
Lawmakers Want Answers On Consumer Agency’s Faulty Retirement Benefit Planner
by JULIEGRACE BRUFKE
Republican senators want answers on why a retirement calculator created by the Consumer Financial Protection Bureau (CFPB) is providing flawed results. In a letter written to CFPB director Richard Cordray in December, Senate Committee on the Budget Chairman Mike Enzi of Wyoming and Senate Committee on Banking, Housing, and Urban Affairs Chairman Richard Shelby of Alabama questioned why government funds were used to create a tool for a service already provided by the Social Security Administrati… Continue Reading
01.05.16
Senate Republicans blast consumer panel's glitchy retirement calculator
http://thehill.com/policy/finance/banking-financial-institutions/264780-senate-republicans-blast-glitchy-retirement[thehill.com] By Sylvan Lane - 01/05/16 12:02 PM EST Two top Senate Republicans are asking a consumer protection agency why an online retirement planning tool offers incorrect guidance to users. Sens. Mike Enzi (R-Wyo.) and Richard Shelby (R-Ala.), chairmen of the Senate Budget and Banking committees, asked the Consumer Financial Protection Bureau (CFPB) why its retirement cal… Continue Reading
01.05.16
Senate Republicans blast consumer panel's glitchy retirement calculator
by Sylvan Lane
Two top Senate Republicans are asking a consumer protection agency why an online retirement planning tool offers incorrect guidance to users. Sens. Mike Enzi (R-Wyo.) and Richard Shelby (R-Ala.), chairmen of the Senate Budget and Banking committees, asked the Consumer Financial Protection Bureau (CFPB) why its retirement calculator doesn't square with one offered by the Social Security Administration (SSA) online. The senators cite inconsistencies between the two tools, both meant to aid users … Continue Reading
01.04.16
New CFPB Retirement Calculator Produces Flawed Results
WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, and Senator Richard Shelby (R-AL), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today blasted the Consumer Financial Protection Bureau (CFPB) for carelessly spending government resources on a duplicative and wasteful retirement calculator that produces flawed results for Americans looking for clear and accurate information before making important financial decisions. "While the plann… Continue Reading
12.16.15
Senate Chairmen: Consumer Protection Bureau Retirement Calculator Broken
"Retirement Tool" Duplicates Efforts by Social Security Administration WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, and Senator Richard Shelby (R-AL), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, today blasted the Consumer Financial Protection Bureau (CFPB) for carelessly spending government resources on a duplicative and wasteful retirement calculator that produces flawed results for Americans looking for clear and accurate i… Continue Reading
12.16.15
2015 Budget Committee Chairman's Report
The 2015 Senate Budget Committee Chairman's Report:… Continue Reading
12.16.15
2015 Budget Year in Review GRAPHIC
The 2015 Senate Budget Committee Year In Review by the numbers.… Continue Reading
12.15.15
2015 Budget Year In Review
From a Balanced Budget to Obamacare Repeal WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, said today that with the Senate under new Republican management, the Budget Committee has played an important role by working to pass the first ten-year balanced budget since 2001 and approving the repeal of Obamacare through the budget reconciliation process. "Republicans in the Senate have been focused on putting our country on not just another course, but a better… Continue Reading
12.09.15
Enzi: We Must Understand Economic Impact Of America’s Regulations
WASHINGTON D.C. - During a hearing today on regulatory budgeting, Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, said it was vital to understand the cumulative costs and impact of regulations on the economy imposed by federal agencies through new rules. "The effects of regulation can be seen every day in my home state, not as fluctuations in statistical data, but in lost jobs and in the concerns that people have about the future of their communities," said Chairman Enzi. "T… Continue Reading
12.03.15
Senate Approves Far-Reaching Obamacare Repeal
WASHINGTON D.C. - The United States Senate today passed the most comprehensive and far-reaching repeal of Obamacare possible. The House of Representatives is expected to take up and pass the Senate approved version shortly, which would send repeal legislation to the President for the first time in his tenure. "With approval of this budget reconciliation bill, the Senate today has passed the most comprehensive and far-reaching repeal of Obamacare possible," said Chairman Enzi. "Most Americans… Continue Reading
12.01.15
Chairman Enzi: From Obamacare’s Broken Promises to Better Care
WASHINGTON D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) today noted that Americans are ready to move past Obamacare's broken promises to better health care as the U.S. Senate opened debate on repealing the president's health care law as part of the budget reconciliation process. "Obamacare still remains unworkable, unaffordable, and more unpopular than ever. For millions of Americans, the law today represents nothing more than broken promises, higher costs and fewer choices," said … Continue Reading
11.03.15
Chairman Enzi: Two-Year Budgets Will Make Spending Process More Transparent
WASHINGTON D.C. - During a second Senate Budget Committee hearing on fixing America's broken budget process, Chairman Mike Enzi (R-WY) today said that moving the nation to a biennial budget would create more stability and predictability for agencies as well as state and local governments. Most importantly, he said, it will increase the transparency of the federal spending process and help make government more accountable. "The worst kept secret in Washington is that we essentially operate on a … Continue Reading
11.03.15
The Budget's Broken. It's Time to Fix It
by Senator Mike Enzi (R-WY)
The recent spending and debt deal clearly illustrates that the federal budget process is in serious need of reform. America's current budget challenges are directly related to this breakdown and fixing it can put the country on a more responsible spending path going forward. If there was any doubt that the federal budget process is broken, consider this: Congress has passed budget resolutions in less than half of the last 15 fiscal years, and prior to this year's balanced budget resolution, the… Continue Reading
10.29.15
Budget Committee to Hold Nov.4 Hearing on Biennial Budgeting
WASHINGTON D.C. - Senator Mike Enzi (R-WY), Chairman of the Senate Budget Committee, will hold a hearing Wednesday, November 4, 2015 at 10:30am on a biennial approach to better budgeting. Testifying will be Senator Johnny Isakson (R-GA), Senator Thomas Carper (D-DE), Mr. William G. Batchelder, the former Speaker of the Ohio House of Representatives and Mr. Robert L. Bixby, Executive Director of the Concord Coalition. The hearing can be streamed here. WHAT: Hearing: A Biennial Approach … Continue Reading
