Rep. Ted Budd Sponsors Fiscal State of the Nation Resolution

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (R-NC) has co-sponsored H. Con. Res. 44, the Fiscal State of the Nation Resolution. This bipartisan legislation would “require the Comptroller General to present the Financial Report of the United States Government to an annual joint hearing of the House and Senate Budget Committees.” The resolution was originally introduced by Reps. Andy Barr (R-KY) and Kathleen ...

Rep. Ted Budd Statement Opposing Raising Debt Ceiling

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (R-NC) released the following statement in opposition to raising the debt ceiling: “Instead of using the debt limit to address our dangerous fiscal situation, Democrats are once again kicking the can down the road toward their multi-trillion dollar socialist spending spree. We should not be raising the limit on the national credit card given the current state of o...

Rep. Ted Budd Questions Sec. Yellen on U.S. Debt Burden

| Posted in Press Releases

Washington, D.C. -- Today, Rep. Ted Budd (R-NC) pressed Treasury Secretary Janet Yellen on the mounting national debt. Under Rep. Budd’s questioning, Sec. Yellen could not provide a level of debt that would be unsustainable for the United States. She even admitted that, “we could have a substantially higher burden”. The video of the exchange is below: The transcript of the exchange is below: Budd:...

Rep. Ted Budd Statement Opposing Debt Ceiling Suspension

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (R-NC) released the following statement after voting against suspending the debt ceiling: “For years, the Washington Swamp has been addicted to more spending and debt. Since the beginning of 2020, the federal government has run an annual, record deficit of $3.1 trillion, adding over $5 trillion to the debt. The national debt currently stands at nearly $30 trillion...

Rep. Ted Budd Sponsors Federal Debt Emergency Control Act

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (R-NC) has co-sponsored H.R.4869, the Federal Debt Emergency Control Act. The bill would require the Office of Management and Budget to declare a “Federal Debt Emergency” in any fiscal year where the federal debt exceeds 100% of the Gross Domestic Product (GDP). An emergency declaration would trigger automatic actions to reduce the debt level under 100% of GDP. Th...

Congress must address the looming debt crisis

| Posted in Opinion Pieces

Rep. Budd's op-ed in The Hill: https://thehill.com/blogs/congress-blog/economy-budget/573001-congress-must-address-the-looming-debt-crisis As a business owner and the father of three kids, I am well-accustomed to fiscal discipline. In business, you have to pay rent, keep the lights on, and sign the front of your employees’ paychecks each month. As a business owner, you plan and stick to a budget, ...

Rep. Ted Budd Statement After Voting No to Advance $3.5 Trillion Spending Spree

| Posted in Press Releases

Washington, D.C. -- Today, Rep. Ted Budd released the following statement after voting no to advance the $3.5 trillion spending spree: “The smallest congressional majority in a generation has just set the stage for the most radical and costly Washington takeover in history. The monstrous $3.5 trillion bill will force the socialist Green New Deal on America, drastically increasing the costs of ener...

Rep. Ted Budd Moves to Eliminate Over 2,300 Earmarks

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (R-NC) has proposed a series of amendments to every FY 2022 appropriations bill that eliminates 2,378 pork-barrel earmarks worth $3.85 billion. Rep. Budd said in a statement: “The first appropriations process in the new earmark era is unsurprisingly a pork-barrel fiasco. If an earmarked project is truly worthy of taxpayer funding, then it should be proposed indivi...

Rep. Ted Budd Proposes Re-Implementing Trump FTA Policy

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (R-NC) spoke on the House floor in support of his amendment to re-implement a Trump Administration policy that ensured that federal loans were not counted toward state contributions for Capital Investment projects. Video of Rep. Budd’s remarks: Text of Rep. Budd’s remarks: My amendment would re-implement a Federal Transit Administration policy that ensured that fe...

Rep. Ted Budd Proposes Eliminating Over 1,400 Earmarks

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (R-NC) has submitted an amendment to the ‘INVEST in America Act’ that cuts all pork barrel earmarks out of the bill. This would eliminate 1,474 earmarks, saving taxpayers $5.66 billion. The text of the amendment is HERE Rep. Budd said in a statement: “Taxpayers across the country are getting their first look at what Washington is like in the new earmark era. It’s ...

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