News
January 22, 2025
Earlier this week, President Trump signed an executive order officially establishing the Department of Government Efficiency (DOGE) to modernize and streamline the federal government. It is anticipated that key technologies like artificial intelligence (AI) will help maximize government productivity while reducing government spending. However, in order to use these revolutionary technologies to ensure sound fiscal governance, much research needs to be done on how to best apply AI. In order to g… Continue Reading
January 21, 2025Last week, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2025-2035. CBO’s report helps Congress understand the fiscal and economic challenges facing the country. Topline Takeaways from CBO's Updated Baseline: CBO now projects that deficit spending for FY25 will reach a staggering $1.9 trillion, the third-highest figure in American history. The FY 2025 deficit amounts to 6.2 percent of GDP (the 50-year average is 3.8 percent). This histor… Continue Reading
December 12, 2024Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the Committee held a hearing entitled “Sounding the Alarm: Pathways and Possible Solutions to the U.S. Fiscal Crisis” to examine the sweeping implications of our nation’s $36 trillion dollar national debt while exploring reform proposals designed to combat a looming U.S. fiscal crisis. Find some key moments from the hearing below: Chairman Jodey Arrington (R-TX): Click HERE to watch Chairman Arrington’s remarks… Continue Reading
January 16, 2025
Over the past four years, President Biden and Vice President Harris have flooded our once-flourishing economy with federal tax subsidies and burdensome small business regulations. The cost of goods and services has risen 21 percent under their failed economic policies. The Peter G. Peterson Foundation, a nonpartisan organization addressing America’s long-term fiscal challenges, recently released a piece noting that over 1,200 C-suite executives agree that our $36 trillion in national debt hinde… Continue Reading
January 09, 2025
Over the past four years, President Biden has flooded our economy with federal tax subsidies for green energy corporations and overloaded small businesses with overregulation. The Biden-Harris Green New Deal agenda has been stymied by its own party's bureaucratic red tape, yet taxpayers are still footing the bill for hundreds of billions in green tax subsidies with nothing to show for it. Joe Lancaster with Reason News wrote in a recent piece that while the Biden-Harris Administration entered o… Continue Reading
January 07, 2025
The Biden-Harris inflationary firestorm continues to weigh on the U.S. economic standing with yields on U.S. 30-year bonds climbing to their highest level since late 2023, as government debt remains on an upward trajectory. Alice Gledhill with Bloomberg wrote in a recent piece highlighting the reality that markets continue to worry about the country’s economic outlook. Since early December 2024, demand sensitivity has driven up the 10-year bond yield by 50 basis points, adding more pressure to … Continue Reading
December 12, 2024
Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in the Washington Examiner sounding the alarm on the federal government’s unbridled spending habits and the need to restore fiscal responsibility in Washington. Chairman Arrington in the Washington Examiner: Via the Washington Examiner: “The Democrats’ spending spree in Washington during 2021 and 2022 sparked countless economic problems. Runaway government spending drove skyrocketing prices, draining household s… Continue Reading
October 23, 2024Today, 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
