News
June 28, 2024
Last night, President Biden and President Trump participated in the first presidential debate of the year. President Biden tried to paint a picture that his presidency has been good for the American people, but that couldn’t be further from the truth. The House Budget Committee is here with the facts on last night’s claims by President Biden. Read what he got wrong below and follow along for the truth. Economy: President Biden misled the American people about the pain his failed economic pol… Continue Reading
June 28, 2024Today, House Budget Committee Health Care Task Force (HCTF) Chair Michael C. Burgess M.D. (R-TX) led a roundtable titled “Paying for 21st Century Cures: Examining the Budgetary Effects of Increasing Patient Access to Cell and Gene Therapies.” Innovative, potentially curative cell and gene therapies are becoming available to patients, with many more in the development pipeline. High upfront costs of these new therapies present unique budgetary challenges to federal and state governments, private… Continue Reading
June 28, 2024Today the Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, was 2.6 percent for the month of May. Since President Biden took office, prices have increased 19.3 percent. This means that the average family of four is paying an additional $17,080 per year or $1,423 per month to purchase the same goods and services as in January 2021. House Budget Committee Chairman Jodey Arrington (R-TX) is… 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, 2024This 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, 2024Last 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
