This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Congress races to patch $3B Veterans Affairs shortfall
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > World > Congress races to patch $3B Veterans Affairs shortfall
World

Congress races to patch $3B Veterans Affairs shortfall

Editorial Board Published September 19, 2024
Share
Congress races to patch B Veterans Affairs shortfall
SHARE

Lawmakers are shifting shortly to cross emergency laws to plug a roughly $3 billion shortfall going through the Division of Veterans Affairs (VA), as officers warn veterans’ and survivors’ advantages funds are in danger absent congressional motion within the coming days.

The Home handed laws with bipartisan help Wednesday night time, and members on each side of the aisle are urgent the Senate to fast-track the invoice.

“We’re all in agreement on the four corners to move it as quickly as possible,” Home Veterans’ Affairs Committee Chair Mike Bost (R-In poor health.) advised The Hill on Wednesday, referring to the highest leaders on his committee and the Senate Veterans Affairs Committee. 

“We’re gonna have enough votes to get it through both the House and the Senate, onto the president’s desk, and nobody’s gonna lose their pay,” Bost mentioned, including that Friday stays “the day we’re targeting.”

Officers have warned veterans’ compensation and pension profit funds, in addition to their readjustment advantages, may very well be delayed if Congress doesn’t act by Sept. 20. 

The invoice requires about $2.9 billion in extra funding for the VA, of which about $2.3 billion would go towards the Veterans Advantages Administration for compensation and pensions. Roughly $597 million can be put towards readjustment advantages.

Senators on each side are hopeful that the chamber will be capable to expedite consideration of the invoice this week, however there was elevated scrutiny on the VA’s funds in gentle of the shortfall.   

Members on the Senate Veterans Affairs Committee grilled VA officers Wednesday afternoon over the causes of the shortfall and its budgetary administration throughout a listening to.

The company has pointed to the PACT Act, a landmark legislation that handed with bipartisan help in 2022, as a key driver behind the price range shortfall, pointing to will increase in enrollment in VA well being care, appointments and purposes advantages.

Joshua Jacobs, the beneath secretary for advantages for the VA, mentioned in the course of the listening to that, for the reason that legislation’s implementation, the company has seen “about 340,000 veterans who now are getting PACT benefits that would not have been eligible, 60,000 of whom have cancer.”

However the company has been going through warmth from lawmakers. 

“I don’t know that I need to have a conversation about providing benefits. We’re for that. Veterans are entitled to benefits. We want them to receive them. But here’s what troubles me is the lack of budgeting, accountability, the knowing the facts and time to make better decisions,” Sen. Jerry Moran (Kansas), the highest Republican on the Senate Veterans Affairs Committee, mentioned on the high of the listening to Wednesday.

Different Republicans additionally grilled officers on earlier reporting that the VA improperly awarded executives thousands and thousands of {dollars} in bonuses final 12 months.

As stress mounts on Congress, Moran mentioned in the course of the listening to that he’s requested colleagues on each side of the aisle to be “supportive of reaching a conclusion today or tomorrow in regard to the additional funding necessary.”

“And I want to make certain that that happens, and my expectation is it will happen tomorrow.”

A bipartisan effort to expedite related laws to handle the shortfall earlier than the August recess fell aside amid resistance from conservatives and elevated scrutiny on VA funding.

In remarks Tuesday, Sen. John Boozman (Ark.), the highest Republican on the subcommittee that crafts annual VA funding, expressed hopes that the Senate might fast-track the Home-passed invoice and cross it by way of unanimous consent. However that course of will also be held up if a single senator opposes passage.

“My hope would be that they send it over here and we do it by unanimous consent,” Boozman advised The Hill. “If not, then we need to take whatever time, starting immediately, to get it [passed].”

Sen. Rand Paul (R-Ky.), a conservative who beforehand pushed again on efforts to fast-track the Senate model of the invoice, advised The Hill on Wednesday that he’ll agree “to have a vote” on the Home invoice in alternate for an modification vote. Paul says his proposal is geared toward offsetting prices of the invoice.

“We will offer an amendment to the House VA bill to pay for it,” he mentioned. “This is, this doesn’t fix the problem. … There’s an enormous problem going on. This is what happens when you create a bill and say, if you have high blood pressure, you can get burn pit money.”

“I’m 61 years old. Sixty percent of 60-year-olds have high blood pressure. You know, there isn’t a real direct causation between high blood pressure and burn pits, but if you take every 60-year-old veteran and say, if you have high blood pressure, we’re going to give you a disability, that’s what’s happened. Millions of people have signed up, and they just depleted all the funds,” he argued. “It’s spending at a rate we’ve never seen before.”

Supply hyperlink

TAGGED:AffairsCongresspatchracesshortfallVeterans
Share This Article
Twitter Email Copy Link Print
Previous Article Selena Gomez ‘Agatha All Alongside’ Rumor: MCU Cameo Confirmed? Selena Gomez ‘Agatha All Alongside’ Rumor: MCU Cameo Confirmed?
Next Article SF Giants trip bats, Birdsong to second straight win over Orioles SF Giants trip bats, Birdsong to second straight win over Orioles

Editor's Pick

Nicki Minaj Calls Cardi B’s Daughter ‘Ugly’; Cardi Shoots Again That Nicki’s Son Is Nonverbal Because of Drug Use Throughout Being pregnant

Nicki Minaj Calls Cardi B’s Daughter ‘Ugly’; Cardi Shoots Again That Nicki’s Son Is Nonverbal Because of Drug Use Throughout Being pregnant

Studying Time: 3 minutes The Nicki Minaj vs. Cardi B beef has been occurring for years. Like, mainly for so…

By Editorial Board 4 Min Read
Maggie Baugh: Every part We Know About Keith City’s Rumored New Girlfriend
Maggie Baugh: Every part We Know About Keith City’s Rumored New Girlfriend

Studying Time: 3 minutes Is Keith City hooking up together with his…

4 Min Read
Map: See the place California FAIR Plan seeks house insurance coverage fee hikes
Map: See the place California FAIR Plan seeks house insurance coverage fee hikes

The FAIR Plan, California’s last-resort insurance coverage program for owners needing fireplace…

5 Min Read

Oponion

Qualcomm’s Longer Life With Apple Comes at a Cost

Qualcomm’s Longer Life With Apple Comes at a Cost

MarketsHeard on the StreetChip maker will keep iPhone business a…

November 3, 2022

Get the Help You Want With the Finest WIRED-Examined Physique Pillows for Aspect Sleepers

Examine Our Picks{Photograph}: Molly HigginsOthers ExaminedPillow…

September 27, 2025

Mom of Alexis Gabe’s suspected killer is not going to face expenses

MARTINEZ — The Contra Costa County…

January 24, 2025

Sale closed in Pleasanton: $1.8 million for a four-bedroom dwelling

Bay Space Residence Report 4837 Mohr…

September 27, 2024

Thunderstorms with marble-sized hail in Geneva County Saturday, wind gusts reaching 40 mph

A climate alert was issued by…

April 26, 2025

You Might Also Like

‘This is not Gujarat’: Mamata slams PM Modi over Bengal flood remarks; hits out at BJP’s ‘tall claims’ | India Information
World

‘This is not Gujarat’: Mamata slams PM Modi over Bengal flood remarks; hits out at BJP’s ‘tall claims’ | India Information

Mamata Banerjee and PM Narendra Modi (Pictures/Businesses) NEW DELHI: West Bengal chief minister Mamata Banerjee on Wednesday launched a pointy…

4 Min Read
Financial institution of England warns of ‘sharp correction’ for markets if AI bubble bursts | Cash Information
World

Financial institution of England warns of ‘sharp correction’ for markets if AI bubble bursts | Cash Information

The Financial institution of England sees bother forward for world monetary markets if traders U-turn on the prospects for synthetic…

4 Min Read
‘Extremely upset’: Govt didn’t apply strain to drop China spy trial, minister says | Politics Information
World

‘Extremely upset’: Govt didn’t apply strain to drop China spy trial, minister says | Politics Information

Emma Hardy stated “it wasn’t what we wanted” after the case in opposition to trainer Christopher Berry, 33, and former…

5 Min Read
What’s the Nobel Peace Prize and will Donald Trump get it? What to know in regards to the worldwide honor.
World

What’s the Nobel Peace Prize and will Donald Trump get it? What to know in regards to the worldwide honor.

Barack Obama. Jimmy Carter. Woodrow Wilson. Teddy Roosevelt. Al Gore. And Donald Trump? President Trump hopes to hitch the unique…

9 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?