• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

GOP bill takes aim at Congress’ ‘no rules apply’ emergency spending

by June 5, 2025
written by June 5, 2025
NEWYou can now listen to Fox News articles!

A House fiscal hawk wants to create a payment plan for congressional emergency spending to create accountability for the ‘no rules apply’ funding stream.

Rep. Marlin Stutzman, R-Ind., is set to introduce the Emergency Spending Accountability Act that would add guardrails to last-minute funding meant for national emergencies, like natural disasters, the COVID-19 pandemic or other spending meant to fill the gaps in the appropriations process.

Stutzman told Fox News Digital that lawmakers will go about the usual budgeting process, passing stopgap spending bills or colossal, omnibus spending packages, but that ‘somewhere in between’ there’s always extra money pushed out the door for emergencies.

‘Whenever there’s an emergency, Congress always overreacts,’ he said. ‘And I believe they pass these big spending bills under the guise of an emergency, national emergency, and spend money that we don’t take into consideration through our budget process.’

He said that when he first came to Washington in 2010, the national debt was $9 trillion. After leaving the House and returning during last year’s election cycle, that number has since ballooned to more than $36 trillion.

And since the early 1990s, more than $12 trillion in emergency spending has added to the ever-growing deficit. The lawmaker said that the money dedicated for emergency use was rarely ever paid back, and he argued that the taxpayer dollars were sometimes not used for actual emergencies.

Stutzman’s legislation, which so far has seven House Republican co-sponsors, would require the federal government to pay off the balance of future emergency spending by 20% each year for five years after an emergency following a green-light from lawmakers to open up the cash flow.

His bill would also stipulate that any emergency spending would have to comport with the criteria laid out by the Balance Budget and Emergency Control Act of 1985, which laid out a five-point roadmap to justify that emergency spending be necessary, sudden, urgent, unforeseen and not permanent.

He understood that there is always a need for emergency spending, giving the examples of the pandemic and of Hurricane Sandy, which blasted through the East Coast more than a decade ago, but he noted there should be offset cuts to account for the spending and better planning on how the taxpayer dollars would be used.

‘Most companies and family budgets, they always have a rainy-day fund or an emergency fund that they can tap into if they need it for unexpected costs and expenses, but that’s not the way Washington works,’ Stutzman said. ‘So that’s the idea.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
White House highlights Pelosi hypocrisy after Schiff demands Trump admin financial, ethics docs
next post
Biden only hand-signed one pardon during final spree, and it was his most controversial one

related articles

Risch urges ‘top to bottom’ USAID spending review...

June 6, 2025

Elon Musk may speak to Trump aides in...

June 6, 2025

MARK HALPERIN: Democrats try to construct a Frankenstein...

June 6, 2025

Democrats begin to embrace Musk amid Trump spat...

June 6, 2025

‘Gone too far’: GOP lawmakers rally around Trump...

June 6, 2025

Trump administration defends US and Israeli sovereignty with...

June 5, 2025

Musk unleashes wild Epstein claim against Trump after...

June 5, 2025

Biden only hand-signed one pardon during final spree,...

June 5, 2025

White House highlights Pelosi hypocrisy after Schiff demands Trump admin...

June 5, 2025

Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet,...

June 5, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • After Trump’s tariff threat, Mexico says Canada wishes it ‘had the cultural riches Mexico has’

    December 3, 2024
  • Capital One acknowledges ‘outage’ as users report issues accessing deposits

    January 16, 2025
  • Israel begins ground operation in Hamas stronghold of Rafah, expands activities in Gaza

    March 20, 2025
  • Ahead of election, what do Latin Americans, Europeans think about Donald Trump, Kamala Harris?

    November 4, 2024
  • Goldman Sachs rolls out an AI assistant for its employees as artificial intelligence sweeps Wall Street

    January 22, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,839)
  • Investing (624)
  • Stock (789)

Latest Posts

  • European stocks wrap volatile week mixed: FTSE 100 inches higher, DAX dips

    April 11, 2025
  • Federal safety rule on baby cushions goes too far, contradicts Trump agenda, legal group claims

    March 14, 2025
  • Russia is supplying Houthis with satellite data to attack ships in the Red Sea: report

    October 25, 2024

Recent Posts

  • State treasurers push for divestment from China citing ‘red flags’ regarding CCP control

    November 1, 2024
  • SafeMoon and Litecoin: Litecoin on a bullish run this week

    August 14, 2024
  • Trump shares post saying Biden was executed, replaced with clones

    June 1, 2025

Editor’s Pick

  • Whitmer explains her Oval Office folder fiasco

    April 14, 2025
  • Trump attorney general nominee Pam Bondi to testify before Judiciary Committee

    January 15, 2025
  • Impeachment threat hits judge who blocked Trump federal funding freeze

    February 13, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock