Pelosi Statement on President Obama's Budget Proposal

Pelosi Statement on President Obama's Budget

Thursday, May 7, 2009

Contact: Brendan Daly/Nadeam Elshami, 202-226-7616

Washington, D.C. - Speaker Nancy Pelosi issued the following statement today on President Obama's plan to cut an additional $17 billion from the budget for the coming fiscal year.

â€Å"President Obama and the New Direction Congress are united in our commitment to restoring fiscal responsibility and eliminating waste, fraud and abuse in government spending.

â€Å"Just as President Obama directed his Cabinet to identify specific budget cuts in their departments, I have asked House committee chairs to search out areas of possible savings in the departments, agencies, and program under their jurisdiction. House committees have already conducted 163 hearings, which will help inform our efforts as we review the President's proposed budget cuts and work with the Administration to achieve additional savings.

â€Å"The legacy of fiscal recklessness inherited by President Obama and the Congress will make our task more difficult, but we are prepared to make the difficult choices that are required to restore fiscal responsibility and strengthen our economy for the long-term.”