• 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

Is Trump considering bold Africa play to push...

August 28, 2025

CDC Director Susan Monarez refuses to be fired...

August 28, 2025

Bill Gates met with Trump to talk ‘importance...

August 28, 2025

Trump asks SCOTUS to uphold freeze on billions...

August 27, 2025

White House demands all Gaza hostages return home...

August 27, 2025

Apple expected to roll out texting update that...

August 27, 2025

Cracker Barrel’s logo mea culpa is a start...

August 27, 2025

Mike Johnson hits iconic Nashville bar, blasts Dems...

August 27, 2025

Trump touts massive fundraising haul since winning 2024...

August 27, 2025

House Democrats call on Rubio to allow injured...

August 27, 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

  • Echoing Hamas, Erdogan reportedly calls for Israel’s destruction amid push to rekindle ties with Trump

    March 31, 2025
  • President Trump teases ‘last day, but not really’ for Elon Musk at DOGE: Oval Office presser set for Friday

    May 30, 2025
  • Solana and Cardano: Solana is driving bullish momentum again

    August 14, 2024
  • Trump’s Justice Department order to drop charges against NYC Mayor Eric Adams sparks resignations

    February 14, 2025
  • Lauren Sanchez tones down look after backlash for racy inauguration outfit

    January 21, 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

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

    July 19, 2024
  • 3

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,836)
  • Investing (634)
  • Stock (905)

Latest Posts

  • RGTI, IONQ, QBTS plunge on Nvidia CEO Huang’s comments: should you buy the dip?

    January 9, 2025
  • Trump makes historic UAE visit as first US president in nearly 30 years

    May 15, 2025
  • Fetterman backs Trump after Iran strikes: ‘The correct move’

    June 22, 2025

Recent Posts

  • NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

    November 21, 2024
  • EURAUD and EURNZD: EURAUD takes a step lower this morning

    July 26, 2024
  • Boeing’s crewed Starliner flight won’t return until at least August, NASA says

    July 26, 2024

Editor’s Pick

  • With 15 days until voting starts, ‘election season’ kicks off sooner than you think

    August 22, 2024
  • US sanctions 6 Beijing, Hong Kong authorities for ‘undermining’ the island region’s autonomy

    March 31, 2025
  • These are the judges going toe to toe against Trump’s agenda

    March 18, 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