House Approves Budget Process Reform; Focuses on Spending Cuts
Budget Brief 11-01
January 12, 2011
On
January 5, 2011, the House of Representatives adopted a new rules package for
the 112th Congress, which focuses largely on controlling federal
government spending. The package changes the current pay-as-you-go (PAYGO)
spending rules to a “cut-as-you-go” (CUTGO) approach, provides new authorities
for the House Budget Committee chairman, and eliminates highway spending
guarantees. Furthermore, House leaders have recently pledged to reduce the
federal budget by $100 billion, in part by setting federal fiscal year (FY)
2011 spending at FY 2008 levels.