News
September 18, 2024
Today, the Federal Open Market Committee (FOMC), the Federal Reserve's (Fed) committee that decides the future path of interest rates, announced a 0.5 point reduction in the federal funds rate. Chairman Arrington on Our Current Economic State: House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on our current economic state: “The Federal Reserve’s activist monetary policies along with the Biden-Harris’ reckless spending were the Molotov cocktail for our cu… Continue Reading
September 12, 2024Yesterday, the House Budget Committee held a legislative hearing entitled “Congress and the Congressional Budget Office (CBO): Examining Ways to Improve CBO” with CBO Director Phillip Swagel. This was the Budget Committee’s second oversight hearing this Congress focused on examining ways to improve the accuracy of CBO’s cost estimates, the timeliness of its communications with members and the general public, and their accountability to the Congress. As CBO celebrates its 50th anniversary, the… Continue Reading
September 11, 2024Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks at the hearing “Congress and the Congressional Budget Office (CBO): Examining Ways to Improve CBO.” Click HERE to watch Chairman Arrington’s Opening Remarks Opening Statement as Delivered: “One of the things that we have a responsibility to do on behalf of you, voters, taxpayers, and all Americans is to ask questions of the heads of our agencies that run the inner workings of government, that this gentle… Continue Reading
September 13, 2024
The Congressional Budget Office (CBO) plays a crucial role in ensuring lawmakers can equip Members of Congress with critically important budgetary and economic analyses when considering legislation. The House Budget Committee has been working on finding reforms to empower the CBO to provide the most accurate, timely, and accountable information possible to safeguard taxpayer dollars. Earlier this week, Romina Boccia, the Director of Budget and Entitlements at the Cato Institute, published an op… Continue Reading
September 03, 2024
This May, House Budget Committee Chairman Jodey Arrington (R-TX) and Oversight Task Force Chair Jack Bergman (R-MI) introduced H.R. 8195, Strengthening Administrative PAYGO (SAP) Act of 2024. This proposal recognizes that the tax and spending decisions that add to our exploding national debt take many forms - i.e., executive orders, regulations, and a wide array of executive actions. Administrative PAYGO was designed to prevent these unilateral and arguably unconstitutional actions from worsenin… Continue Reading
August 28, 2024
Kamalanomics is—believe it or not—worse than Bidenomics. Vice President Harris’s policies would drive us into a long, cold economic winter, crush our children with an insurmountable debt, and hand the keys to future global leadership to China. A recent Washington Times Op-Ed highlighted the work done by the Budget Committee reminding taxpayers that the Biden-Harris Administration continues to disregard the $35 trillion deficit and pursue expensive policies that do little good for the American p… Continue Reading
September 13, 2024
Yesterday, 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
August 16, 2024Today, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in Fox News on the second anniversary of the passage of the Democrats’ ‘Inflation Reduction Act’ (IRA). Under the Biden-Harris Administration’s IRA, expenditures show the bill’s tax breaks and special interest giveaways now cost the American taxpayer a total of $500 billion more than previously promised. Read more as Chairman Arrington Sounds the Alarm on the damaging effects of the tax and spend provisions in the IRA… Continue Reading
