Budget
More on Budget
This week I supported a one-year extension of current Farm Bill programs. While a conventional 5-year reauthorization of the Farm Bill is preferable, many of these critical programs lapsed September 30th. The current lapse shouldn’t affect 2023 crops, but a one-year extension was necessary to prevent reverting back to pre-1930s farm policy as we begin 2024.
With the election of Speaker Mike Johnson, the House is back to work. We certainly have our work cut out for us as we fulfill our responsibilities to the American people. Speaker Johnson hit the ground running to responsibly fund our priorities, including our support for Israel.
Economic hardships brought about by severe inflation and supply chain challenges continue, creating an ongoing affordability crisis in our country. Small businesses and families across the nation have had to make difficult choices and dig into savings to make ends meet in recent years. Inflation hits hardest those who can least afford it: those on fixed and low incomes.
On October 1, absent a last-minute change in momentum, the federal government will shut down. No one wins a government shutdown, least of all the American people. The Biden administration has already announced it will, in the event of a shutdown, close agencies Nebraskans rely on such as FSA, Rural Development, and the Agriculture Research Service.
As Vladimir Putin’s invasion of Ukraine continues, conflict within Russia has recently flared, and threats from rogue nations have escalated, this week House Republicans have focused on delivering on our commitment to a nation that’s safe through the Fiscal Year 2024 National Defense Authorization Act (FY24 NDAA), Congress’ primary legislative vehicle to authorize defense spen
Washington, D.C. – Rep. Adrian Smith (R-NE) released the following statement on the Fiscal Responsibility Act:
As many Americans plan Memorial Day weekend gatherings with friends and family, marking the kickoff of the summer travel season, House Republicans have been hard at work this week delivering on our Commitment to America for an economy that’s strong.
2023’s first quarter economic report showed a decline in the U.S. GDP growth rate to 1.1 percent, making clear the lasting impact severe inflation has had on our economy. The damage done by reckless and wasteful spending emphasizes the importance of fiscal responsibility and pro-growth policies.
From calving and planting to spring cleaning to graduations, busyness often seems to take on a special intensity across the early months of the year. This year has been no exception, and in the House of Representatives the new Majority has been hard at work on behalf of the American people.
The recent failures of Signature Bank and Silicon Valley Bank (SVB) have increased the concerns of many over the threat of a deepening international economic crisis.