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Reading: Congress races to patch $3B Veterans Affairs shortfall
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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
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Congress races to patch B Veterans Affairs shortfall
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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.”

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