Budget & Fiscal Responsibility

Congressman Hoyer is fighting to address our nation's deep deficits and debt, and is actively engaged in the effort to put our country on a fiscally sustainable path. He believes that it is immoral to expect future generations to pay for the excess spending of this and previous generations. He introduced and successfully helped enact into law the pay-as-you-go principle - or "PAYGO" - a proven tool for fighting debt that that helped create budget surpluses in the 1990s. Like families across the country, Congress must make the tough choices to determine our real priorities and not spend beyond our means.  PAYGO also forces Congress to look harder for wasteful spending that can be cut.

Congressman Hoyer has called on Congress to enact a deficit reduction plan that recognizes the need to create jobs in the short term while bringing down our deficit over the long term. He supports a solution that puts all options on the table, including spending cuts, increasing revenues, cutting waste in defense spending, and strengthening entitlements while protecting seniors and the most vulnerable and preserving the Medicare guarantee. He has urged both parties to compromise on a balanced approach that asks all Americans to contribute their fair share.

Congressman Hoyer is committed to reducing the deficit, and has urged both parties to work together to put our nation on a fiscally sustainable path while making the investments we need to have a strong economy.

Hoyer: If We Continue to Demagogue Federal Employees, America Will Lose

Congressman Steny H. Hoyer (MD-5) testified yesterday before the House Rules Committee in opposition to H.R. 273, which eliminates the 2013 statutory pay adjustment of 0.5% for federal employees.

Hoyer Statement on President Obama's Call to Avert the Sequester

I strongly believe Congress must enact a big and balanced deficit reduction plan to turn off the looming automatic spending cuts imposed by sequestration. Today, President Obama reiterated his commitment to a long-term, comprehensive solution to reduce the deficit and replace the sequester.

Hoyer Meets with Commander of Naval Air Systems Command Vice Admiral David Dunaway, Defense Community Leaders

Im pleased I could meet with Vice Admiral Dunaway, as well as other defense community leaders in St. Marys County, to discuss the budget challenges facing our community. I appreciate their insight as I continue to urge my colleagues in Congress to replace looming automatic spending cuts imposed by sequestration with a balanced deficit reduction plan.

Hoyer Statement on December Jobs Report

I am encouraged by the jobs numbers for December released by the Bureau of Labor Statistics today, which show that our economy added 168,000 private sector jobs last month. While we continue to move in the right direction, we must remain focused on taking action to support economic growth and job creation. As the 113th Congress begins, Democrats and Republicans have an opportunity to come together to build on these gains and help more Americans get back to work.

Hoyer Statement on the Convening of the 113th Congress

With the swearing-in of the 113th Congress today, I look forward to continuing to represent the Fifth District of Maryland, and am hopeful that the House can refocus on the issues that matter: creating middle-class jobs, reducing deficits, and keeping Americans safe.

Hoyer Statement on Fiscal Cliff

President Obama is correct: the time for immediate action to avert the fiscal cliff is here.

Hoyer Op-ed: Don’t Throw Feds Over ‘Cliff’

With all eyes on Washington over how to avert the looming fiscal cliff before the end of the year, critics of the public sector have been arguing that pay and benefits for federal employees ought to be among the first and deepest cuts