News
November 27, 2024
Today, the Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose by 2.3 percent over the last year for the month of October. Chairman Arrington's Statement on the PCE Report: House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on the PCE price index for October: “Spending-induced inflation killed the American Dream for many. We prevent an inflation re… Continue Reading
November 27, 2024Today, the Bureau of Economic Analysis (BEA) released its second estimate for economic growth in the third quarter (Q3) of 2024. The report found that real U.S. Gross Domestic Product (GDP) grew at an annual rate of 2.8 percent in the third quarter. Chairman Arrington's Statement on GDP Growth: House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on GDP growth for Q3 2024: “While growth is improving, we must keep an eye on inflation - things are more fragil… Continue Reading
November 26, 2024Today, The Conference Board released its report on the Consumer Confidence Index for November 2024. The report showed that overall consumer sentiment ticked up in November, showing that as a second Trump Presidency comes into focus, hope for the future rises. Chairman Arrington on Consumer Confidence: House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on Consumer Confidence for November: “Americans’ confidence in their economic future started turning aroun… Continue Reading
December 06, 2024
Last week, Senator Joni Ernst (R-IA), the head of the newly formed Senate Department of Government Efficiency (DOGE) caucus, unveiled a list of cost-saving options for the federal government totaling more than $2 trillion in savings. In a November 25th letter to DOGE co-directors Elon Musk and Vivek Ramaswamy, Ernst identified 22 areas of the government fraught with waste, fraud, and abuse, outlining broad actions to address these issues. Her letter highlights an area ripe for DOGE attention: … Continue Reading
December 04, 2024
President Biden and Vice President Harris have created an inflationary firestorm, with families spending nearly $18,000 more annually just to maintain the same standard of living they enjoyed before this Administration. In a recent Op-Ed for the Wall Street Journal, Dr. Mickey D. Levy, visiting fellow at the Hoover Institution, and Dr. Michael D. Bordo, economics professor at Rutgers University, lay out the economic reality that Americans are facing at home and the unsustainable nature of Democ… Continue Reading
November 27, 2024
Last week, President Trump announced his nominee for the Office of Management and Budget Russ Vought, a former Trump Administration alum and unapologetic fiscal conservative devoted to cutting wasteful government spending. Paul Krawzak with Roll Call wrote in a recent release highlighting Russ Vought’s previous work that aimed to achieve less government regulation, incentives for businesses, and pro-growth policies. Chairman Arrington Statement: House Budget Committee Chairman Arrington (R-TX… Continue Reading
October 23, 2024
Today, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in The Daily Caller highlighting his support for President Trump’s proposal to establish a government efficiency commission led by businessman Elon Musk. Read more as Chairman Arrington Sounds the Alarm on the need for a complete financial and performance audit of the entire federal government. Chairman Arrington in the Daily Caller: Via The Daily Caller: “Political campaigns often drown out important proposals in … Continue Reading
September 13, 2024Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) and former U.S. Senator Phil Gramm (R-TX) penned an Op-Ed in The Wall Street Journal highlighting how means-tested welfare spending is the driving force behind our nation’s out-of-control deficit and unsustainable debt. Read more as Chairman Arrington Sounds the Alarm on how welfare reform is sorely needed to improve the well-being of low-income families and to restore fiscal responsibility for future generations. Chairman Arrin… Continue Reading
August 19, 2024Last week, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in The Hill on the unsustainable level of federal health care spending and the need to reform our nation’s health care system to improve patient access to quality care and save taxpayer dollars. Spending on health care programs like Medicare, Medicaid, and Obamacare are major drivers of our unsustainable fiscal path. Read more as Chairman Arrington lays out ideas for bending the health care cost curve and impr… Continue Reading
