LAST UPDATED:
July 16, 2009
11:00 AM ET
On April 29, Congress passed the Fiscal Year 2010 Budget Resolution. The fiscal plan preserves the major priorities in President Obama’s budget. It invests in energy, education, and health care – laying a new foundation for our nation’s economy. It provides significant middle-class tax relief, directed at families with incomes under $250,000. And it begins to put the country back on a more fiscally responsible path by cutting the deficit in half by 2012 and by two-thirds by 2014 – bringing the deficit down to three percent of GDP. Passage of the budget marks the third straight year the Democratically-controlled Congress has adopted a budget.
NEW Conrad Statement at Hearing on CBO Long-Term Budget Outlook – July 16, 2009
NEW Charts Used in Hearing on CBO Long-Term Budget Outlook – July 16, 2009
NEW Conrad Statement on FY 2009 Deficit Surpassing $1 Trillion – July 14, 2009
Conrad Statement on CBO Report on Long-Term Budget Outlook – June 25, 2009
Conrad-Gregg Joint Statement on CBO Letter on Health Reform – June 16, 2009
CBO Letter to Conrad-Gregg on Health Reform and Long-Term Budget – June 16, 2009
Conrad Statement on Administration’s Statutory Paygo Proposal – June 9, 2009
Conrad-Gregg Letter to CBO on Health Care/Long-Term Fiscal Imbalance – June 9, 2009
Conrad Statement on Social Security and Medicare Trustees Report – May 12, 2009
Conrad Statement on Release of Final Obama Budget Volumes – May 11, 2009
Conrad Statement on Obama Budget Spending Detail – May 7, 2009
Conrad Statement on Administration Crackdown on Tax Haven Abuse – May 4, 2009
Press Release on Senate’s Final Approval of Budget – Apr. 29, 2009
Conrad Floor Stmts. During Debate on Budget Conference Agreement – Apr. 29, 2009
Charts Used in Floor Debate on Budget Conference Agreement – Apr 29, 2009
Conrad Opening Floor Statement on Budget Conference Agreement – Apr. 29, 2009
Charts Used in Opening Floor Stmt. on Budget Conference Agreement – Apr 29, 2009
Overview of Budget Conference Agreement– Apr. 27, 2009
Press Release on Budget Conference Agreement – Apr. 27, 2009
Conrad Remarks at Budget Conference Meeting – Apr. 27, 2009
Charts Used at Budget Conference Meeting – Apr 27, 2009
On April 2, the Senate passed the FY 2010 Senate Budget Resolution. The resolution takes an important step toward adopting the core priorities laid out in President Obama’s budget plan. It reduces our nation’s dependence on foreign energy, supports excellence in education, facilitates reform of our health care system, and provides significant middle-class tax relief. It also cuts the deficit in half by 2012 and by two-thirds by 2014 – bringing the deficit down to just 2.9 percent of GDP.
Floor Statement on Motion to Instruct Conferees on Spending – Apr. 23, 2009
Charts Used in Floor Stmt. on Motion to Instruct Conferees on Spending – Apr 23, 2009
Opening Floor Statement on Motions to Instruct Conferees – Apr. 23, 2009
Charts used in Opening Floor Statement on Motions to Instruct Conferees – Apr 23, 2009
Conrad Statement on Senate Passage of Senate Budget Resolution – Apr. 2, 2009
Conrad Floor Statement During Debate on Senate Budget Resolution – Apr. 2, 2009
Conrad Floor Statement on McCain Budget Alternative Amendment – Apr. 2, 2009
Conrad Floor Statement During Debate on Senate Budget Resolution – Mar. 31, 2009
Charts Used in Floor Debate on FY 2010 Senate Budget Resolution – Mar. 31, 2009
Conrad Floor Statement During Debate on Senate Budget Resolution – Mar. 30, 2009
Charts Used in Floor Debate on FY 2010 Senate Budget Resolution – Mar. 30, 2009
Opening Floor Statement on FY 2010 Senate Budget Resolution – Mar. 30, 2009
Charts Used in Opening Floor Stmt on Senate Budget Resolution – Mar. 30, 2009
Conrad Remarks at Press Conf Call on Senate Debate of Budget – Mar. 30, 2009
Committee Print: FY 2010 Budget Resolution – Mar. 30, 2009
The Chairman’s Mark for the Fiscal Year 2010 Senate Budget Resolution is a fiscally responsible budget plan that addresses the fiscal and economic crises inherited by the Obama Administration and lays the foundation for long-term economic security. It preserves the major priorities in President Obama’s budget: reducing our dependence on foreign energy; striving for excellence in education; and reforming our health care system. It provides significant middle-class tax relief, directed at families with incomes under $250,000. And it cuts the deficit in half by 2012 and by two-thirds by 2014.
Conrad Statement at Markup of FY 2010 Senate Budget Resolution – Mar. 26, 2009
Conrad Stmt on Budget Cmte Passage of Senate Budget Resolution – Mar. 26, 2009
Summary of Chairman’s Mark for FY 2010 Senate Budget Resolution – Mar. 25, 2009
Chairman's Mark for FY 2010 Senate Budget Resolution – Mar. 25, 2009
Conrad Statement at Markup of FY 2010 Senate Budget Resolution – Mar. 25, 2009
Charts Used at Markup of FY 2010 Senate Budget Resolution – Mar. 25, 2009
President Obama’s FY 2010 budget blueprint, “A New Era of Responsibility: Renewing America’s Promise,” takes important steps toward reducing our dependence on foreign energy, striving for excellence in education, and reforming our health care system. And it cuts the deficit by more than half by 2012.
Conrad Statement on CBO Reestimate of President Obama’s Budget – Mar. 20, 2009
Conrad Stmt at Hearing on Budget with Treas. Sec. Geithner – Mar. 12, 2009
Charts Used at Hearing on Budget with Treasury Secretary Geithner – Mar. 12, 2009
Conrad Stmt. at Hearing on Energy Budget with Energy Secretary Chu – – Mar. 11, 2009
Charts Used at Hearing on Energy Budget with Energy Secretary Chu – Mar. 11, 2009
Conrad Statement at Hearing on Budget with OMB Director Orszag – – Mar. 10, 2009
Charts Used at Hearing on Budget with OMB Director Orszag – Mar. 10, 2009
Brief Analysis of President Obama’s FY 2010 Budget – Feb. 27, 2009
Conrad Remarks at Press Conf. on President Obama’s FY 2010 Budget – Feb. 26, 2009
Charts Used in Press Conference on President Obama’s FY 2010 Budget – Feb. 26, 2009
Conrad Statement on President Obama’s FY 2010 Budget – Feb. 26, 2009
Conrad Statement on President’s Fiscal Responsibility Summit – Feb. 23, 2009
CBO's January 2009 Budget and Economic Outlook shows that President-elect Obama is being handed a fiscal disaster. CBO is now showing a deficit of approximately $1.2 trillion in 2009, more than two-and-a-half times last year's record deficit. And notably, CBO's estimate does not include the cost of the economic recovery package being considered. CBO's ten-year outlook confirms that with current policies we will see record deficits for years to come. And over the long-term, the combination of the retiring baby boom generation, rising health care costs, and inadequate revenues will make matters even worse – exploding deficits and debt to clearly unsustainable levels.
Conrad Stmt. at Hearing on Budget Resolution & Reconciliation Process – Feb. 12, 2009
Charts Used in Hearing on Budget Resolution and Reconciliation Process – Feb. 12, 2009
Conrad Stmt. at Hrng. on Financial & Housing Crises w/ Geithner– Feb. 11, 2009
Charts Used in Hrng. on Financial & Housing Crises w/ Geithner – Feb. 11, 2009
Conrad Statement at Hearing on Health Reform – Feb. 10, 2009
Charts Used in Hearing on Health Reform – Feb. 10, 2009
Conrad Floor Statement on Economic Recovery Bill – Feb. 6, 2009
Charts Used in Press Conf. with Former U.S. Comptroller General Walker – Feb. 5, 2009
Conrad Remarks at Press Conf. w/ Former U.S. Comptroller General Walker – Feb. 5, 2009
Conrad Statement on Nomination of Gregg to be Commerce Secretary – Feb. 3, 2009
Conrad Statement at Hearing on Global Economy – Jan. 29, 2009
Charts Used in Hearing on Global Economy – Jan. 29, 2009
Conrad Statement at Hearing on Housing and Financial Crisis – Jan. 28, 2009
Charts Used in Hearing on Housing and Financial Crisis – Jan. 28, 2009
Conrad-Kerry Oped in Wall Street Journal on Helping the Economy – Jan. 26, 2009
Conrad Statement on Appointment of Elmendorf to be CBO Director – Jan. 22, 2009
Press Release on Budget Committee Membership for 111th Congress – Jan. 22, 2009
Conrad Stmt at Hearing on Short- and Long-Term Fiscal Challenges – Jan. 21, 2009
Charts Used in Hearing on Short- and Long-Term Fiscal Challenges – Jan. 21, 2009
Conrad-Gregg Stmt on Proposed Obama Fiscal Responsibility Summit - Jan. 16, 2009
Conrad Stmt at Hearing on Debt Outlook and Implications for Policy - Jan. 15, 2009
Charts Used in Hearing on Debt Outlook and Implications for Policy - Jan. 15, 2009
Conrad Stmt at Hearing on Nominations of Orszag and Nabors to OMB - Jan. 13, 2009
Charts Used in Hearing on Nominations of Orszag and Nabors to OMB - Jan. 13, 2009
Conrad Statement at Hearing on CBO January Budget Outlook - Jan. 8, 2009
Charts Used in Hearing on CBO January Budget Outlook - Jan. 8, 2009
Conrad Remarks at Press Conference on CBO January Budget Outlook - Jan. 7, 2009
Charts Used in Press Conference on CBO January Budget Outlook - Jan. 7, 2009
Conrad Statement on CBO January Budget Outlook - Jan. 7, 2009
Conrad Statement on CBO Release of Two New Reports on Health Care - Dec. 18, 2008
Conrad Statement on Selection of Peter Orszag as OMB Director - Nov. 25, 2008
Conrad Statement on Announcement of Obama Economic Team - Nov. 24, 2008
Conrad Statement at Hearing on the Economic Outlook & Stimulus - Nov. 19, 2008
Charts Used in Hearing on the Economic Outlook & Stimulus - Nov. 19, 2008
On October 1 and 3, the Senate and House, respectively, passed the Emergency Economic Stabilization Act of 2008, a bipartisan plan to rescue the nation's failing economy. The plan includes a number of critical taxpayer protections that were not included in President Bush's original proposal. Notably:
• Taxpayers will receive an equity stake in companies participating, so they have a potential to profit when markets recover. • Funding will be released in three installments, instead of a lump sum, to allow for additional Congressional review. • An oversight board will ensure that the Treasury actions protect taxpayers. • No ‘golden parachutes' will be allowed – with executive compensation capped for companies participating. • And the FDIC insurance cap will be raised to $250,000 per bank account.
Conrad Statement Official 2008 Deficit Total - Oct. 14, 2008
Conrad Statement Following Senate Approval of Financial Rescue Plan - Oct. 1, 2008
Floor Statement on Financial Rescue Plan - Oct. 1, 2008
Charts Used in Floor Statement on Financial Rescue Plan - Oct. 1, 2008
The next President will be inheriting a budget and economic outlook that is far worse than most people realize. CBO's summer budget update confirms that President Bush and his Republican colleagues are handing off a fiscal mess to the next Administration. They have plunged our nation into a chasm of deficits and debt. And their irresponsible fiscal policies are leaving behind an economy that is weak and getting weaker.
Conrad Statement on 2008 Budget Deficit - Oct. 7, 2008
Floor Statement on Paygo Point of Order on Extender-AMT Amendment - Sept. 23, 2008
Charts Used on Paygo Point of Order on Extender-AMT Amendment - Sept. 23, 2008
Floor Statement on Fully-Offset AMT Amendment - Sept. 23, 2008
Charts Used in Floor Statement on Fully-Offset AMT Amendment - Sept. 23, 2008
Conrad Remarks at Press Conference Responding to GOP Deficit Claims - Sept. 9, 2008
Charts Used in Press Conference Responding to GOP Deficit Claims - Sept. 9, 2008
Conrad Statement Responding to GOP Deficit Claims - Sept. 9, 2008
Conrad Statement on CBO Summer Budget Update - Sept. 9, 2008
The contents of this web site are produced and maintained by the Democratic staff of the Senate Budget Committee and do not necessarily reflect the individual views of the Committee's members.