Earlier today, House Republicans announced a path forward on the nation's near-term budget challenges. The 1974 Congressional Budget Act requires passage of a budget resolution by April 15 each year. Under Senator Harry Reid's leadership, the Senate has refused to pass a budget for 1,360 days. As the Administration and Congress work through opportunities to cut government spending, there will be no consideration of a long-term debt-ceiling increase unless both the House and the Senate pass a long-term budget plan. The plan also includes a bipartisan proposal to withhold Senators' salaries if they fail to pass a budget.
In response to the plan outlined by House Republican leaders, House Budget Committee Chairman Paul Ryan issued the following statement:
"I stand in strong support of the agreement reached by my colleagues today. Our conference has united around a common-sense proposal. It rests on the recognition that our challenge is twofold: We have to pay our bills today, and we have to make sure we can pay our bills tomorrow. To achieve both ends, we must cut spending and budget responsibly.
"Since taking the majority, House Republicans have done their job. We've passed a budget that promotes economic growth and gets spending under control. But for nearly four years, Senate Democrats have refused to pass a budget. Today's agreement will hold the Senate accountable for this legal and moral failure. Just as April 15 is tax day for American families, it is budget day for Congress. Unless the Senate acts, there will be no consideration of a long-term debt-ceiling increase. I look forward to working with my colleagues--in both houses and in both parties--on this vital issue."