Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U.S. House of Representatives Committee on the Bud : Paul Ryan: Taxpayers and the Troops Deserve Answers from the President

07/18/2012| 05:46pm US/Eastern
Recommend:
0

WASHINGTON - Today, the House of Representatives voted 414-2 to pass on a bipartisan basis H.R. 5872, the Sequestration Transparency Act of 2012.

The Sequestration Transparency Act requires President Obama to detail how the administration plans to implement the budget sequestration cuts scheduled to take place in January 2013 under current law. The legislation recently passed the House Budget Committee on a bipartisan, unanimous vote.

Upon passage of this bipartisan, common-sense legislation, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement:

"The Obama Administration has yet to specify how they would implement current law, while refusing to demonstrate leadership in replacing the arbitrary cuts to core priorities. Today's legislation marks a bipartisan call for transparency and action from an Administration that appears to have given up on governing. Congress and the American people need a full and complete picture from the President's Office of Management and Budget on how it will implement these deep reductions called for under the sequestration process.

"The arbitrary, across-the-board sequester cuts would have a devastating impact on our national security and key domestic priorities. That is why Republicans in the House passed legislation earlier this year to replace the across-the-board cuts under sequestration with common-sense reforms and spending reductions.  

"Unfortunately, we have not seen the same effort from the Senate or the Administration when it comes to responsible budgeting. The White House refuses to answer basic questions about the law, while the Democrat-controlled Senate has refused to budget in over three years. Senate Majority Leader Reid and other leading Senate Democrats, unwilling to advance solutions, have effectively endorsed crippling cuts to our national defense and massive tax increases that will crush small businesses and families already struggling in this dismal economy.  Americans deserve answers from our chief executive on the consequences of the deep reductions from the sequestration process and the specific steps that he will take to address these concerns."


###

distributed by
Recommend :
0
Partner Area
React to this article
 
Latest news
Date Title
<1m agoDJNatural-Gas Futures Rise With Hot Weather Ahead
2m agoDJBrazil's Votorantim Postpones IPO
2m ago CINCINNATI BELL INC.: Cincinnati Bell Fioptics Launches Online Video Services From HBO®, HBO GO® and MAX GO®
2m ago EU regulators raid cargo train transport companies
2m ago MTU AERO ENGINES HOLDINGS AG: MTU Aero sees at least $1.1 billion of orders at show
3m ago Ryanair says could move into trans-Atlantic flights
3m agoDJBerkshire Hires CNA's Fortin for New Insurance Unit
3m agoDJCURRENCIES: Dollar Slips Vs. Yen With Fed Outlook In Sight
5m ago MURRAY INCOME TRUST PLC: Issue of Equity
5m ago IOFINA PLC: Result of AGM
Latest news
Advertisement
Hot News 
KERING: Share buy_back programme
ORCHARD SUPPLY HARDWARE STORES CORP: Orchard Supply Hardware Statement Regarding Its Equity Securities during Chapter 11 Bankruptcy Proceedings
CARDIONET INC: RDInvesting Provides Investors with Free In-Depth Equity Reports on BEAT, MNKD, NOK and XRX
INTERCEPT PHARMACEUTICALS INC: Intercept Pharmaceuticals Announces Pricing of Public Offering of Common Stock
JUBILEE PLATINUM PLC: Shareholder update on the disposal of non-core assets by Jubilee
Most Read News
1d ago AMERICAN CAPITAL AGENCY CORP.: Declares Second Quarter Dividend Of $1.05 Per Common Share
1d ago ADOBE SYSTEMS INCORPORATED: Adobe expects third-quarter Creative Cloud subscriber adds to exceed second-quarter
8h ago MITSUI O.S.K. LINES, LTD.: Update (No.3): Incident Involving the Containership MOL Comfort
9h ago ALCATEL-LUCENT: launches 'The Shift Plan' to focus on IP Networking and Ultra-Broadband Access
1h ago TESLA MOTORS INC: Tesla recalls some Model S cars due to seat-mount defect
Most recommended articles
2h ago Global shares firm, dollar steady before Fed decision
2d ago CLINUVEL PHARMACEUTICALS LIMITED: Letter from the CEO, June 2013
2d ago ULTRASIS PLC: Major 'regulatory' success for Ultrasis US joint venture
2m ago CINCINNATI BELL INC.: Cincinnati Bell Fioptics Launches Online Video Services From HBO®, HBO GO® and MAX GO®
2m ago MTU AERO ENGINES HOLDINGS AG: MTU Aero sees at least $1.1 billion of orders at show
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.