June 27, 1979
Page 16902
COMMITTEE ON THE BUDGET
Mr. MUSKIE. Mr. President, I wish to announce that the Budget Committee will hold hearings on the second concurrent resolution on the budget for fiscal years 1980-82 on July 10, 12, 13, and 26, 1979, in room 6202 of the Dirksen Senate Office Building. All hearings are tentatively scheduled to begin at 8 am.
The purpose of these hearings is to permit the Senate Budget Committee to review economic and legislative developments since the adoption of the first budget resolution. This review will permit the committee to assess the need for any modifications or revisions in the budget totals recommended in May. The committee will then formulate the second budget resolution which will set the binding ceilings for congressional spending and a floor for revenue legislation for fiscal year 1980 which begins on October 1, 1979.
On Tuesday, July 10, the committee will hear from three distinguished economists: Mr. Walter Hoadley, executive vice president, Bank of America; Dr. Dale Jorgenson, Harvard University; and Dr. Lawrence Chimerine, Chase Econometrics.
On Thursday, July 12, the committee will hear from Dr. Alice Rivlin, Director, Congressional Budget Office.
On Friday, July 13, the committee will hear from Dr. Charles Schultze, Chair-man of the Council of Economic Advisers; Jim McIntyre, Director of the Office of Management and Budget; and W. Michael Blumenthal, Secretary, Department of the Treasury.
On Thursday, July 26, the committee will hear from G. William Miller, Chairman, Federal Reserve Board.
The committee has also scheduled a set of hearings in the fall to examine legislative approaches to a balanced budget on October 2, 3, and 4, 1979. Witnesses for these hearings will be announced at a later date.
For further information, contact John McEvoy, staff director of the Senate Budget Committee,,at 224-0535.