Press Releases
Fiscal Accountability Measures: House Budget Committee Hearing Examines Pathways to Reverse Looming U.S. Fiscal Crisis
WASHINGTON, D.C. - Yesterday, 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 … Continue Reading
December 11, 2024
Chairman Arrington and Representative Moore Commend Passage of Legislation to Increase Baseline Updates
WASHINGTON, D.C. - Today, the House of Representatives favorably advanced House Budget Committee legislation, H.R. 9716, the Increasing Baseline Updates Act, sponsored by Rep. Blake Moore (R-UT) to the Senate by a recorded vote of 407-0. H.R. 9716 passed the House Budget Committee unanimously by a bipartisan vote of 32-0 on September 25, 2024. House Budget Committee Chairman Jodey Arrington (R-TX), joined by original sponsor Representative Blake Moore (R-UT), released the following … Continue Reading
December 11, 2024
Chairman Arrington Delivers Opening Remarks at Hearing Entitled “Sounding the Alarm: Pathways and Possible Solutions to the U.S. Fiscal Crisis”
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks at the hearing “Sounding the Alarm: Pathways and Possible Solutions to the U.S. Fiscal Crisis.” Click HERE to watch Chairman Arrington’s Opening Remarks Opening Statement as Delivered: “We've got major fiscal problems and a completely unsustainable fiscal trajectory. I haven't heard anyone, Democrat or Republican, witness or member, that doesn't accept that fact. We won't know when … Continue Reading
November 27, 2024
Bureau of Economic Analysis: PCE Inflation Rose by 2.3 Percent in October
WASHINGTON, D.C. - 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 … Continue Reading
November 27, 2024
Bureau of Economic Analysis: GDP Growth for Q3 at 2.8 Percent
WASHINGTON, D.C. - Today, 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 - … Continue Reading
November 26, 2024
Consumer Confidence: Chairman Arrington Statement on November Report
WASHINGTON, D.C. - Today, 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 … Continue Reading
November 13, 2024
Chairman Arrington and Grothman Laud Passage of Legislation to Eliminate Useless Reports
WASHINGTON, D.C. - Yesterday, the House of Representatives passed the bipartisan H.R. 5301, the Eliminate Useless Reports Act of 2023, by a voice vote. House Budget Chairman Jodey Arrington (R-TX), joined by original cosponsor Representative Glenn Grothman (R-WI), released the following statements applauding House passage of H.R. 5301: Chairman Arrington's Statement on H.R. 5301: “We have a responsibility to root out wasteful spending and reform our broken budget process. Both sides of the … Continue Reading
November 13, 2024
Chairman Arrington Statement on President Trump’s Department of Government Efficiency
WASHINGTON, D.C. - Yesterday, President Trump announced the formation of a new outside government entity named the Department of Government Efficiency (DOGE), spearheaded by Elon Musk and Vivek Ramaswamy, dedicated to identifying wasteful spending and expunging it from federal agencies throughout the government. The DOGE’s first task will be to conduct a complete audit of the entire federal government. Chairman Arrington on President Trump's Government Efficiency Commission: “This country … Continue Reading
November 01, 2024
Employment Situation: Chairman Arrington Statement on October Jobs Report
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for October 2024, which showed 12,000 new jobs were created in October. Chairman Arrington's Statement on the October Jobs Report: House Budget Committee Chairman Jodey Arrington (R-TX) responds to the October jobs numbers: "This is a very disappointing report - as many expected, job growth declined significantly. While some of this is due to the Boeing strike and hurricanes, there’s more to the story. … Continue Reading
October 31, 2024
Chairman Arrington Joins Coast to Coast to Discuss Recent Economic Reports and the Tax Cuts and Jobs Act Expiring
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Neil Cavuto’s Coast to Coast on Fox Business with guest host David Asman to discuss rooting out wasteful spending, extending the Tax Cuts and Jobs Act, and more. Watch Chairman Arrington’s full interview on Fox Business HERE. Find highlights of key moments below: Chairman Arrington on Rooting out Wasteful Spending: “We're paying tens of billions in social services to people who are here illegally. … Continue Reading
October 30, 2024
Bureau of Economic Analysis: GDP Growth for Q3 at 2.8 Percent
WASHINGTON, D.C. - Today, the Bureau of Economic Analysis (BEA) released its first estimate for economic growth in the third quarter (Q3) of 2024. The report found that real U.S. Gross Domestic Product (GDP) grew by 2.8 percent. 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: “As Americans continue struggling to make ends meet, it is clear that the Biden-Harris failed tax and … Continue Reading
October 24, 2024
Committee Leaders Blast Biden-Harris Administration’s Social Security Rulemaking Costing Taxpayers Nearly $40 Billion
WASHINGTON, D.C. - Four finalized rules from the Social Security Administration (SSA) are the latest examples of the Biden-Harris Administration’s expansion of federal power at a substantial cost to taxpayers, write House Budget Committee Chairman Jodey Arrington (R-TX), House Ways and Means Chairman Jason Smith (R-MO), Work and Welfare Subcommittee Chairman Darin LaHood (R-IL), Social Security Subcommittee Chairman Drew Ferguson (R-GA), and House Budget Committee Oversight Task Force Chair … Continue Reading
October 23, 2024
The Conference Board Leading Economic Index: Chairman Arrington Statement on September Report
WASHINGTON, D.C. - Earlier this week, The Conference Board released its Leading Economic Index (LEI) report for September 2024. The report showed that the LEI for the U.S. declined by 0.5 percent, to 99.7, following a 0.3 percent decline in August. These declines are part of a disturbing, yearlong pattern. The LEI fell 2.6 percent over the most recent six-month period, between March and September 2024, which followed a 2.2 percent drop during the previous six-month period (September 2023 to … Continue Reading
October 18, 2024
CBO Confirms: Biden-Harris Thrifty Food Plan Defied Congressional Intent and Reduced Labor Force Participation
WASHINGTON, D.C. - Yesterday, the nonpartisan Congressional Budget Office (CBO) released its analysis of the impact the Biden-Harris Administration’s unilateral expansion of the Supplemental Nutrition Assistance Program (SNAP) has had on labor force participation. Based on CBO’s estimates, the TFP increase ($300 billion over the next decade) likely lowered the work effort of those receiving benefits. Studies show lower labor force participation results in lower economic growth and delivering … Continue Reading
October 16, 2024
Peterson Foundation: Swing State Voters Concerned About Out-of-Control National Debt
WASHINGTON, D.C. - Last week, the Peter G. Peterson Foundation released a report showing that swing state voters overwhelmingly believe that the rising national debt is a critical campaign issue. According to the report, more than 90 percent of voters across seven key states - Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin - say that it’s important for presidential candidates to have a plan to rein-in the national debt. Chairman Arrington's Statement on … Continue Reading
October 10, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss Offsetting the $1.8 Trillion Deficit and Reining in Out-of-Control Spending
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow and chief economist at America First Policy Institute (AFPI) Michael Faulkender to talk about President Trump’s economic plan, balancing the budget, and the Biden-Harris’s failed economic policies. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on President Trump's Economic Plan: “We have a blueprint to put the … Continue Reading
October 09, 2024
Chairman Arrington Joins Squawk Box to Sound the Alarm on America’s $1.8 Trillion Budget Deficit
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “Squawk Box” on CNBC to sound the alarm on America’s unsustainable $1.8 trillion budget deficit, discuss the challenge the government faces in reducing wasteful spending, and stress the dire need for President Trump’s proposed government efficiency commission. Watch Chairman Arrington’s full interview on CNBC HERE. Find highlights of key moments below: Chairman Arrington on the Deficit: "At some … Continue Reading
October 08, 2024
KAMALANOMICS IS FAILING: New CBO Report Shows Record High Spending, Interest Costs
WASHINGTON, D.C. - Today, the non-partisan Congressional Budget Office (CBO) released its final monthly budget review for the fiscal year 2024. This report underscores the economic hardship incurred underneath the Biden-Harris Administration has resulted in the third highest deficit in American history. According to the report, both revenues and spending are higher than last year. However, the gap between the two has widened, substantially growing our national debt. Some key number breakdowns … Continue Reading
October 04, 2024
CBO: Medicaid Spending on Illegal Aliens Has Cost Taxpayers over $16.2 Billion Under Open Border Czar Harris
WASHINGTON, D.C. - This week, the nonpartisan Congressional Budget Office (CBO) released its analysis of the cost to taxpayers of Vice President Kamala Harris’ open border agenda on the Medicaid program. CBO estimates that the Biden-Harris Administration’s open border agenda cost federal and state taxpayers more than $16.2 billion to provide Medicaid-funded emergency services to illegal aliens since taking office. This is a staggering increase of 124% compared to the same period under the … Continue Reading
October 03, 2024
CBO Confirms: Biden-Harris Election Year Medicare Cost-Shifting Policy Will Cost Taxpayers Billions
WASHINGTON, D.C. - Yesterday, the nonpartisan Congressional Budget Office (CBO) released its analysis of a newly announced Biden-Harris program intended to paper over the flaws of the so-called “Inflation Reduction Act” (IRA). Based on CBO estimates, this election-year stunt to artificially lower the cost of seniors’ Part D premiums will cost taxpayers at least $7 billion in 2025, including $2 billion in additional interest on our already ballooning debt. If implemented as planned, this … Continue Reading
