Budget

Rep. Don Bacon on Biden's handling of U.S.-China relations ahead of State of the Union

| Posted in In the News

Rep. Don Bacon on Biden's handling of U.S.-China relations ahead of State of the Union Fallout from the Chinese spy balloon has put a renewed focus on China and foreign policy ahead of President Biden's State of the Union address. Republican Congressman Don Bacon of Nebraska joins CBS News' Ed O'Keefe and Caitlin Huey-Burns to discuss that plus the looming standoff over the debt…

Bacon’s Statement on 2023 State of the Union

| Posted in Press Releases

Bacon’s Statement on 2023 State of the Union Washington – Rep. Don Bacon (NE-02) issued the following statement in response to the President’s State of the Union address: “Tonight, the President tried to claim that the economy is booming but more American families are saying they are worse off financially. Gas has gone up over a dollar since he took office; December is the…

The Debt Ceiling: How Bad Might Things Get, and Will Congress Raise It?

| Posted in In the News
Tags: Budget

Treasury Secretary Janet Yellen has warned that a "global financial crisis" could ensue should Congress allow the U.S. to default on its debt obligations come June. Still, the Republican-controlled House has indicated it may be willing to do just that if President Joe Biden proves unwilling to negotiate a deal with House Speaker Kevin McCarthy to…

Rep. Don Bacon on the Debt Ceiling and Federal Spending

| Posted in In the News

Washington Journal Rep. Don Bacon on the Debt Ceiling and Federal Spending Representative Don Bacon (R-NE) talked about the state of the economy, federal spending, and the debt ceiling battle. https://www.c-span.org/video/?525512-101/washington-journal-rep-don-bacon-r-ne-discusses-debt-ceiling-federal-spending

Republican Congressman Don Bacon urges bipartisanship on debt ceiling

| Posted in In the News
Tags: Budget

Republican Congressman Don Bacon urges bipartisanship on debt ceiling As the battle over the debt ceiling heats up in Congress, NPR's Ailsa Chang talks with Congressman Don Bacon, a Republican from Nebraska, about the negotiations. https://www.npr.org/2023/01/19/1150075811/republican-congressman-don-bacon-urges-bipartisanship-on-debt-ceiling

DOD Budget: Will Congress Cut in 2024—or Hold Steady?

| Posted in In the News

After back-to-back years of significant spending increases for defense, Congressional hawks may face stiffer opposition in the year ahead, with pushback from members of both major political parties.  Opposition to defense spending increases from one wing of the Republican Party emerged during the protracted process to elect Rep. Kevin McCarthy (R-Calif.) as Speaker of the…

BACON VOTES NO ON CONTINUING RESOLUTION

| Posted in Press Releases

Washington, D.C. – Rep. Don Bacon (NE-02) today voted no on a Continuing Resolution to keep the government funded through December 16, 2022. He released the following statement: “Continuing Resolutions are a blow to military readiness because they delay military training, modernization, and decrease recruitment and retention efforts. Instead of extending funding into 2023,…

BACON VOTES AGAINST DEMOCRATS’ RECKLESS TAX AND SPENDING PACKAGE

| Posted in Press Releases

Washington, D.C. – Rep. Don Bacon (NE-02) today released the following statement after voting against H.R. 5376, the Inflation Reduction Act of 2022. This $740 billion spending package raises taxes and redirects hundreds of billions of dollars from Medicare to insurance companies; gives $80 billion in new funding to the IRS; and hires an additional 87,000 IRS agents to audit…

SHARE ARTICLE New Bill Aims to Highlight Pass-Through Funding’s Impact on the Air Force

| Posted in In the News

When the Pentagon released its 2023 budget request on March 28, a graphic was shown to reporters breaking down the $773 billion in spending by department—and the Air Force led the way, with $243.1 billion in its accounts. But when Air Force officials spoke to journalists later that afternoon, their budget documents showed just $194 billion, with an extra $40.1…