Statement on House of Representatives Passage of Legislation To Reduce Federal Spending

I applaud the Republican Members of the House who passed a significant savings package that will restrain spending and keep us on track to cut the deficit in half by 2009. We will continue to fund our priorities in a fiscally responsible way and ensure that taxpayer money is spent wisely or not spent at all. I urge the House and Senate to reach agreement promptly on a spending-reduction package that I can sign into law this year.