WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY), chairman of the Subcommittee on Federal Spending Oversight and Emergency Management for the Homeland Security and Government Affairs Committee held a hearing entitled, “Prudent Planning or Wasteful Binge? A Look at End of the Year Spending.” Senators Tammy Baldwin (D-WI), Joni Ernst (R-IA), and James Lankford (R-OK) also participated in the hearing.
During the hearing, Sen. Paul explored the phenomena of end of year federal government spending – the practice of trying to obligate all remaining funds in an agency budget before they expire at the end of the year – as well as identified possible solutions to mitigate this problem, including legislation introduced by Sen. Paul, known as the Bonus for Cost-Cutters Act.
Reply With Quote
Connect With Us