(Washington, DC) – Four Members of Congress will announce tomorrow their formation of a new congressional “Spending Cuts and Deficit Reduction Working Group” and unveil legislation to cut billions of dollars in wasteful spending from the federal budget.  Gary Peters (D-MI), chairman of the new working group, Co-chair John Adler (D-NJ) and the groups’ other founding members, Peter Welch (D-VT) and Jim Himes (D-CT), have each sponsored legislation to cut billions in wasteful discretionary spending and subsidies from the energy; treasury and housing and urban development; defense; and agriculture budgets, respectively.  In total, the package’s spending cuts, ending of subsidies and closure of tax loopholes will reduce the deficit by over $70 billion.

The four Members will announce the formation of the new Spending Cuts and Deficit Reduction Working Group and discuss their legislation at a news conference tomorrow at 11:30 a.m. in room 340 of the Cannon House Office Building. 

WHAT:        News conference to announce new congressional “Spending Cuts and Deficit Reduction Working Group” and unveil legislation to cut billions of dollars in wasteful federal spending and subsidies

WHO:          U.S. Representatives Gary Peters, John Adler, Peter Welch and Jim Himes

WHEN:        11:30 a.m. Tuesday, July 20, 2010

WHERE:     Cannon House Office Building, room 340