CRFB provides House Budget Committee testimony on budget reforms and the bailout package

Testifying on budget process reform yesterday on behalf of the Committee for a Responsible Federal Budget before the House Budget Committee, CRFB President Maya MacGuineas presented an idea to use any and all future revenues recouped from the bailout package only for paying down the government debt.

Mrs. MacGuineas also urged lawmakers to use this crisis as an opportunity to come together to deal with the nation's fiscal crisis. In a bipartisan meeting she hosted with 45 lawmakers, alternative plans for dealing with the financial meltdown were discussed, as were concerns about the effect on the budget deficit.

Mrs. MacGuineas is available to comment, and a link to her September 25 testimony is posted online at http://www.newamerica.net/publications/resources/2008/testimony_maya_macguineas_budget_process_reform.

Based in DC, Mrs. MacGuineas is also director of the Fiscal Policy Program at the New America Foundation. She runs US Budget Watch, a project designed to increase awareness of the important fiscal issues facing the country, through and beyond the election. To arrange an interview with Maya MacGuineas, please call Erin Drankoski at 202-997-8727 or e-mail Drankoski@newamerica.net.

US Budget Watch is a project of the Committee for a Responsible Federal Budget at the New America Foundation and is supported by the Pew Charitable Trusts. None of these organizations support or oppose any candidate for office.

Learn More About: Maya MacGuineas
Related Programs: Committee for a Responsible Federal Budget
Topics: Fiscal Policy