skip to main contentskip to popular page linksskip to main navigation links
photo of Mike Capuano Michael E. Capuano representing the 7th district of Massachusetts in the U.S. House of Representatives Go to the House of Representatives homepage
Like Mike on Facebook Visit Mike's video channel on YouTube Like Mike on Facebook


 My Schedule My Voting Record District Maps Register To Vote FAQ Site Map e-Updates

9,290 subscribers
Printer-friendly web page: Mike on the Economy


Mike on the Economy

Sequestration, the debt ceiling and how to prioritize federal spending are all issues that Congress has dealt with in recent years. All of them directly impact the health of the economy, particularly since the recent financial crisis.

Raising the debt ceiling to address bills that were already incurred by the federal government has been a regular challenge for Congress and sequestration impacted programs and departments throughout government. I have always supported a balanced approach that will put us on the path to pay down the deficit and stabilize the economy, without placing the largest burden on our most vulnerable citizens.

In the fall of 2015 Congress reached a significant economic compromise with passage of H.R. 1314, the Bipartisan Budget Agreement. This legislation suspended the debt limit until 2017 and established funding parameters for two years. It also increased the sequester cap by $80 billion, equally divided between defense and nondefense spending. It wasn’t a perfect agreement, but it lifted unreasonable sequestration constraints and took the debt limit off the negotiating table – providing some much needed stability.

The period leading up to the Bipartisan Budget Agreement was challenging. In the fall of 2013 the Republican-led House refused to consider a fiscal year 2014 budget that did not repeal the Affordable Care Act (ACA), which led to a partial federal government shutdown. That crisis ended in mid October with the passage of legislation to fund the government and raise the debt ceiling so the United States did not default on bills it had already incurred.

I am committed to supporting efforts that create jobs. The federal government must do everything it can to create and save jobs by preserving vital services performed by state and local governments, supporting those who are struggling in today's economy or who are unemployed, and investing in our nation's infrastructure.

Open printer-friendly web page

9,290 subscribers




Home | About | Biography | Contact | Issues | Links | News | Schedules | Services

E-Updates | Site Map | Privacy Policy | Accessibility

110 First Street
Cambridge, MA 02141
P: (617) 621-6208
F: (617) 621-8628

Roxbury Community College
Campus Library
Room 211

Stetson Hall
Room 124
6 South Main Street

  Constituent Services Click to close menu
  Casework and Assistance
  Immigration Casework
  Grants and Federal Domestic Assistance
  Presidential Greetings
  Washington, D.C. Attractions
  U.S. Service Academy Nominations
  Media Center Click to close menu
  Recent Votes
  Video and Audio
  Legislative Work Click to close menu
  Recent Votes
  Voting Record
  Sponsored Legislation
  Earmark Requests
  Committees and Caucuses
  Ethics Task Force
  Schedules Click to close menu
  My Schedule
  House Floor Summary
  Weekly House Schedule
  Annual House Calendar
  Weekly Senate Schedule
  Our District Click to close menu
  The 7th District Over the Years
  Nobel Prize Winners
  Interesting facts about Massachusetts
  Massachusetts Links
  Links Click to close menu
  Massachusetts Links
    State Government
    About the 7th District
    Arts, Culture and Attractions
    Chambers of Commerce
    Colleges and Universities
    Exploring Massachusetts
    Hospitals and Health Organizations

  Federal Government Links - Official Government Portal
    Legislative Branch
    Executive Branch
    Judicial Branch
    Federal Agencies
    Kids' Pages
    Register to Vote
    Washington, D.C. Attractions
    Business Opportunities with the Government
  Contact Click to close menu
  District Office
  Washington, D.C. Office
  Office Hours Program
  Community Meetings
  E-mail Me