News


July 16, 2024

Today, House Budget Committee Chairman Jodey Arrington (R-TX) released a statement on President Biden’s plan to implement failed rent control policies nationwide. Chairman Arrington on Rent Control: "Rent control has been a disaster in cities across the country like New York City, causing housing costs to explode, quality to decline, and the construction of badly needed new, affordable homes to plummet. President Biden’s plan to nationalize a policy that has produced nothing but failure at th…  Continue Reading

July 12, 2024

Today, on the 50th Anniversary of the Congressional Budget and Impoundment Control Act of 1974 becoming law, the House Budget Committee and its Budget Process Reform Task Force released three discussion drafts outlining proposals to reform the congressional budget process and minimize budget gimmicks. These proposals would reinstate and enforce outlay caps, require sponsors of legislation to insert statements in the Congressional Record justifying any emergency spending, and eliminate the use of…  Continue Reading

July 12, 2024

Last week, House Budget Committee Chairman Jodey Arrington (R-TX) joined the Executive Director of the Federation for American Immigration Reform (FAIR), Julie Kirchner, on FAIR’s podcast series “Understanding Immigration”, to discuss the fiscal impacts of President Biden’s border crisis. Watch the full interview HERE. Find highlights of key moments below: Chairman Arrington on Immigration's Effect on the Federal Deficit: “What I don't think people focus on enough is the financial cost to …  Continue Reading


July 01, 2024

 

House Budget Committee Member Congressman Ron Estes (R-KS) is Sounding the Alarm as the national debt continues to soar due to President Biden’s failed economic policies. Congressman Estes outlined the massive scale of the debt crisis in an article in the Daily Signal highlighting how the $34.7 trillion of national debt is affecting the average American family more than they think. He argues for passage of H.R. 8372, the Debt Per Taxpayer Information Act, which was introduced by House Budget Co…  Continue Reading

June 26, 2024

 

On Tuesday, June 18, 2024, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2024-2034. This is an update to its February baseline. CBO now projects that deficit spending for FY24 will reach a staggering $1.9 trillion, an estimate that is $400 billion higher than CBO predicted just four months earlier. Additionally, interest spending has increased by $540 billion or 153 percent in the three years since President Biden took office. Our country no…  Continue Reading

June 21, 2024

 

On Tuesday, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2024-2034. This is an update to its February baseline. The CBO’s analysis highlights that the cost of federal student loan programs are skyrocketing, with taxpayers projected to spend $393 billion, or $3,100 per household, on these programs over the next 10 years. $140 billion or over a third of this cost directly stems from President Biden’s student loan forgiveness schemes. A rece…  Continue Reading


June 21, 2024

This week, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in The Daily Caller on the full cost of President Biden’s border crisis. The financial impact of President Biden’s policies are substantial and mounting, having already cost taxpayers upwards of $150 billion at the federal, state, and local levels. Read more as Chairman Arrington lays out the costs of Biden’s border crisis. Chairman Arrington in the Daily Caller: Via The Daily Caller: “The financial impact of t…  Continue Reading

June 11, 2024

 This week, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in The Hill Sounding the Alarm about our need for deficit reduction. Chairman Arrington in the Hill: Via The Hill: The House will soon take up the first of the 12 annual appropriations bills, measures intended to fund the government for another year. Expect the usual cacophony of arguments over defense versus non-defense priorities, policy riders, earmarks and the like. All for a process that observers agree wi…  Continue Reading

May 29, 2024

Last Friday, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in the Washington Examiner highlighting the Biden Administration’s unilateral actions to expand big government, and further our nation’s fiscal burden - all to advance the White House’s political agenda. Chairman Arrington Via the Washington Examiner: Via Washington Examiner: In 1983, Wall Street economist Ed Yardeni coined the term “bond market vigilantes” to describe traders who triggered a violent sell-off …  Continue Reading