Kentucky Representative John Yarmuth, Chairman of the House Budget Committee, released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 528,000 in July and the unemployment rate fell to 3.5 percent.
FCRA, enacted as part of the Budget Enforcement Act, established the current budgetary treatment for credit programs and resolved a long-standing issue facing Congress when comparing the costs of direct loan programs and guaranteed loan programs.
The House Budget Committee released a new report highlighting expert testimony and findings from a recent hearing on the importance of federal investments in early childhood.
July 13, 2022
By devoting targeted resources to children across a variety of programs, we can improve lives in the immediate term and throughout their future, while also delivering a high return on investment. On July 20, 2022, the House Budget Committee will examine the positive and powerful impacts of federal investments in early childhood for children, families, and our nation’s economy.
July 05, 2022
The American Rescue Plan Act (ARP) is transformational legislation that saved lives and livelihoods, reshaped the trajectory of our economic recovery, and put our nation on a stronger fiscal path. On Tuesday, June 14th, 2022, the House Budget Committee held a hearing with experts testifying on the lifesaving and life-changing impacts of the Rescue Plan.
June 09, 2022
Spearheaded by Chairman John Yarmuth, the American Rescue Plan (ARP) met the moment. It is one of the most consequential laws in modern history. This historic legislation – enacted without a single Republican vote – delivered tailored, targeted relief to respond to the urgent needs of the American people. That is why experts and community leaders across the ideological spectrum expressed their support for ARP. Its life-changing and life-saving provisions – like the expanded and enhanced Child Tax Credit, state and local relief, and resources to safely reopen schools – helped families and communities make ends meet while laying the foundation for our record-breaking economic recovery.