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Weekend Must Reads

| Posted in Member Corner

Phil Gramm and Steve McMillin: The Debt Problem Hasn’t Vanished President Obama has raised the national debt by nearly $6.2 trillion, the equivalent of $78,385 per family of four. It is true that projected deficits recently have been reduced…But unless the economy soars, or a significant budget agreement is reached, the most lasting legacy of the Obama presidency will be a $10…

Obama Treasury Secretary: ‘We are overachieving on deficit reduction’

| Posted in Member Corner

During the first term of the Obama administration, our nation racked up four straight years of trillion dollar-plus deficits and as much debt as was accumulated in our first 200 years. Under President Obama, our national debt has increased by more than $6 trillion – the largest increase under any president in history. But according to President Obama's Treasury Secretary, Jack Lew, it’s…

This Is Why We Hold Hearings

| Posted in Member Corner

Yesterday's Monetary Policy & Trade Subcommittee hearing showed a heartbreaking example of the unintended consequences of uninformed legislative action. Congressman Mick Muvaley explains in the video above how a provision buried deep within the 2,300-page Dodd-Frank Act is hurting the very people it was supposed to help in the war-torn central African nation of the Congo.…

Hensarling: IRS is Most Feared Agency of Government

| Posted in Member Corner

Chairman Jeb Hensarling joined Fox Business's Neil Cavuto last night in advance of today's hearing with Treasury Secretary Jacob "Jack" Lew. Today's hearing is Secretary Lew's first appearance before the House Financial Services Committee.  The scandal at the IRS is an issue that should rise above partisanship. It hits at the heart of who we are as a people, and why we fight for…

Chairman Hensarling Questions Secretary Lew on IRS Scandal, FSOC Report

| Posted in In Case You Missed It

Chairman Hensarling (Hensarling): Mr. Secretary, I’m personally not going to spend a whole lot of time with you on discussing who knew what, when, with respect to the IRS scandal but I would like to say this:  I don’t know the level of responsibility that you and the president bear for this scandal, but I know it’s not zero.  I think the American people would like to hear a…