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 Statement on S&P Action

Tonight's announcement serves as yet another wakeup call that we must put politics aside as we work to put our nation's fiscal house back in order.

Hoyer Statement on Debt Limit Deal and Federal Employees

Throughout negotiations on the debt limit, I fought to ensure that federal employees were not expected to pay more than their fair share, and I think it is appropriate that the agreement reached between President Obama and Congressional leaders does not disproportionately impact federal employees.

Hoyer Floor Statement on Debt Limit Proposal

We have missed, in my opinion, a wonderful opportunity. An opportunity to make a grand bargain, as the Speaker wanted to do, as Leader Pelosi wanted to do, as Leader Reid wanted to do, as the president wanted to do, and as the Vice President wanted to do.

Hoyer Floor Statement on Republicans' "Cut, Cap and End Medicare" Act

The American public is rightfully very distressed with the Congress of the United States. Theyre distressed that a time of great challenge and great risk, we fiddle while the debt threatens to burn us, to place our country in the position of being judged un-creditworthy.

Hoyer: Don't cut Goddard telescope

Rep. Steny Hoyer, the second-highest ranking Democrat in the House of Representatives, sent a letter Friday to members of the House Appropriations Committee asking them to reconsider the decision to strip funding for the James Webb Space Telescope at the NASA Goddard Space Flight Center in Greenbelt.

New Housing Initiative Could Stem Upper Marlboro Foreclosures

During the month of March alone, there were more than 900 home foreclosures in Prince George's County. A very large and disproportionate segment of that totalthe tally rates among the highest in the landis made up of Hispanic households.