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The sobering news that Standard & Poor's has lowered its assessment of U.S. Treasury securities from “stable” to “negative” raises the stakes even higher for the upcoming debate about raising the debt ceiling.
The House of Representatives took two significant steps last week toward reversing the nation's disastrous debt trajectory.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) made the following remarks on the House floor in support of H.Con.Res 34, the House Republican 2012 budget resolution introduced by Budget Committee Chairman Paul Ryan. The bill was approved Friday, April 15 by the House of Representatives.
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) will be holding a series of town hall meetings in April. Rep. Cole will be available to answer questions and address concerns about federal legislation. Members of Cole's staff will also be available to assist residents with federal casework.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement in after voting in favor of H.Con.Res 34, the House Republican 2012 budget resolution introduced by Budget Committee Chairman Paul Ryan.
Cole serves on the House Budget Committee and the Appropriations Committee.
"Today's vote marks a turning point for the economy. The Ryan Budget cuts $6.2 trillion and signals the end of business as usual in Washington. After years of reckless spending and trillion-dollar deficits, Congress has finally gotten on the right fiscal path.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement in response to President Obama's speech today on the deficit.
Cole serves on the Budget and Appropriations committees.
"Today's speech was the least presidential and most political President Obama has delivered yet. The president criticized and distorted the Republican budget plan without offering any substantive proposals of his own. Tax hikes do not qualify as a valid solution to our crushing entitlement debt.
The budget battles of the past few days confirm vast differences between Democrats and Republicans when it comes to fiscal priorities. With the nation mired in a continuing recession and headed gradually but inevitably toward a debt crisis, the Democratic majority last year failed to pass a budget or any funding bills for 2011. When the Republican majority took control of the House in January and quickly began cutting spending, Senate Democrats resisted
House, Senate Agree to Largest Spending Cut in American History
WASHINGTON, D.C. - U.S. Congressman Tom Cole (OK-4) released the following statement after Congress approved a temporary funding measure to avert a government shutdown and agreed to pass a long-term bill to cut almost $80 billion below President Obama's 2011 budget request -- the largest spending cut in American history:
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) today introduced legislation requiring the Obama administration to release any State and Defense department documents pertaining to consultation with Congress prior to committing U.S. forces to intervene in Libya. Examining the documents will allow members of Congress to determine if the Obama administration complied with its requirements under the Constitution and War Powers Resolution to consult with the legislative branch before sending troops into combat operations.
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after voting in favor of H.R. 1363, The Troop Funding Bill, which was passed today by House Republicans. The legislation funds government operations for one week with cuts of $12 billion, provides funding for U.S. Armed Forces for the remainder of the fiscal year, and would avert a government shutdown if adopted in the Senate.