From the Conference
Lack of Budget Hurts Economy; Reid Fails to Lead
Feb 10 2012
During a recent Senate Budget Committee Hearing, Senator Ron Johnson asked Federal Reserve Chairman Ben Bernanke, "Is uncertainty about the future of the tax code, government programs, and so on, a negative for growth?" Chairman Bernanke candidly responded, "I think it is, because firms like to have certainty [and] like to be able to plan."
"Senate Majority Leader Harry Reid indicated Friday that he will not allow a vote on a fiscal 2013 budget resolution, which would mark the third year in a row that the Senate has not voted on the fiscal blueprint."
TAPPER: "The White House has no opinion about whether or not the Senate should pass a budget? The president's going to introduce one. The Fed chair says not having one is bad for growth. But the White House has no opinion about whether - "
CARNEY: "I have no opinion — the White House has no opinion …"
"House Minority Whip Steny Hoyer (D-Md.) said that Congress does not need an official federal budget... 'The fact is, you don't need a budget. We can adopt appropriations bills. We can adopt authorization policies without a budget.'"
"Senate Budget Committee Chairman Kent Conrad (D-N.D.) said he is at peace with Senate Majority Leader Harry Reid's (D-Nev.) announcement last week that there is no need to bring a 2013 Senate budget resolution to the floor."