Press Releases
Consumer Confidence: Chairman Arrington Statement on August Report
WASHINGTON, D.C. - Today, The Conference Board released its report on the Consumer Confidence Index for August 2024. The report showed that while overall consumer confidence rose, it remained within the narrow range consistent with the past two years. Uneasy markets, continued high interest rates, and stubbornly high prices continue to cloud Americans’ economic futures. Chairman Arrington on Consumer Confidence: House Budget Committee Chairman Jodey Arrington (R-TX) released the following … Continue Reading
August 26, 2024
Arrington, Grassley Lead Bicameral Request for Budgetary Analysis of New Biden-Harris Medicare Cost-Shifting Policy
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) and Senate Budget Committee Ranking Member Chuck Grassley (R-IA) spearheaded a letter to Congressional Budget Office (CBO) Director Phillip Swagel asking the CBO to analyze a new Medicare Part D Premium Stabilization Demonstration program that invites an unchecked taxpayer-funded bailout to paper over the flaws in the Inflation Reduction Act (IRA). Chairman Arrington and Ranking Member Grassley were joined by … Continue Reading
August 21, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss the Effects of Kamalanomics on Middle-Class Working Families
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Kudlow guest host David Asman and author and economist Steve Moore to talk about the continued effects of Kamalanomics and the weight middle-class Americans have to burden under the Biden-Harris economy. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on AOC Claiming Harris is a Middle-Class Champion: “She’s the chief … Continue Reading
August 21, 2024
818,000 Fewer Jobs Added to the Economy than Previously Reported
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its preliminary annual benchmark review of employment data for March 2024. BLS found that there were 818,000 fewer jobs than previously reported. Chairman Arrington Statement: "Based on more comprehensive data released from state unemployment tax records, the Biden Bureau of Labor Statistics acknowledges they were way off on the number of new jobs created between March of 2023 and March of 2024 by almost one million or … Continue Reading
August 17, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss the Effects of the Democrats’ ‘Inflation Reduction Act’
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow’s Show on Fox Business to talk about the damaging effects of the Democrats’ so-called ‘Inflation Reduction Act’ (IRA) and how to rein in the federal government’s wasteful spending. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Effects from Inflation Reduction Act: "Let’s [Biden-Harris Administration] put the … Continue Reading
August 16, 2024
Chairman Arrington Joins America’s Newsroom on Fox News to Discuss the Second Anniversary of the ‘Inflation Reduction Act’
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Bill Hemmer and Dana Perino’s show America’s Newsroom on Fox News to talk about his Op-Ed on the second anniversary of the Democrats’ ‘Inflation Reduction Act’ (IRA) and Vice President Kamala Harris’ economic policy plans. Watch Chairman Arrington’s full interview on Fox News HERE.Find highlights of key moments below: Chairman Arrington on the 'Inflation Reduction Act': "Vice President Harris was the … Continue Reading
August 15, 2024
Chairman Arrington on the Two-Year Anniversary of the Democrats’ So-Called ‘Inflation Reduction Act’
WASHINGTON, D.C. - Tomorrow, August 16, 2024, marks the second anniversary of the ‘Inflation Reduction Act’ (IRA) becoming law. Despite claims by Democrats, the IRA did not reduce inflation or the national deficit. On the contrary, the IRA’s massive spending caused inflation to rise and projected 10-year deficits are over $6 trillion higher than when the IRA passed. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this unfortunate milestone: Chairman … Continue Reading
August 14, 2024
Inflation Update: Chairman Arrington Statement on July CPI Report
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on the Consumer Price Index (CPI) report for July, which showed year-over-year inflation at 2.9 percent. Since President Biden and Vice President Harris took office, prices have increased by a total of 19.4 percent. Chairman Arrington on Today's Inflation Report: Chairman Arrington released the following statement on today’s inflation report: "Despite a small improvement in … Continue Reading
August 05, 2024
Chairman Arrington on the Drop in Financial Markets and the Fiscal Decline of the Biden-Harris Administration’s Economy
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on the drop in financial markets and the fiscal decline of the Biden-Harris Administration’s economy. Chairman Arrington on Fiscal Decline: “The Biden-Harris Administration built this economy out of sticks and straw, and now we are seeing it buckle and break. First, they gave us unbridled spending; next was a barrage of taxes and regulations on American businesses. This led to … Continue Reading
August 02, 2024
July Jobs Report: Unemployment Rate Rises for Fourth Consecutive Month
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for July 2024. The report showed 114,000 new jobs were created in July, 65,000 less than were created in June. The unemployment rate rose for the fourth consecutive month, coming in at 4.3 percent. This is the highest unemployment rate since October 2021. Chairman Arrington Statement on July Jobs Report: House Budget Committee Chairman Jodey Arrington (R-TX) responds to the July jobs numbers: "Policies … Continue Reading
July 31, 2024
Federal Reserve Leaves Interest Rates Unchanged
WASHINGTON, D.C. - Today, the Federal Open Market Committee (FOMC), the Federal Reserve’s (Fed) committee that decides the future path of interest rates, announced that there will be no immediate change to interest rates, leaving rates at a 23-year high. 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 Biden-Harris experiment in central planning of our economy has … Continue Reading
July 30, 2024
House Budget Committee Examines How American Energy Independence Promotes a Strong Fiscal Future
WASHINGTON, D.C. - Today, the House Budget Committee convened a member roundtable examining how unleashing American energy will help set our country back on a sustainable fiscal path. This roundtable helped members understand what a strong domestic energy industry looks like and its role in charting a path forward to widespread economic growth. Committee members heard from two distinguished panelists: David Bernhardt, Secretary of the Interior, 2019 - 2021; and Andrew Wheeler, … Continue Reading
July 30, 2024
The Conference Board: Consumer Confidence in Current Economic Situation Declines
WASHINGTON, D.C. - Today, The Conference Board released its report on the Consumer Confidence Index for July 2024. The report showed that consumer’s thoughts about the present situation declined. Consumer Confidence remains well below pre-Covid levels, highlighting that Americans are growing increasingly anxious about their financial futures. The decline in The Present Situation Index underscores concern over economic stability and personal financial security. Just yesterday, our country hit … Continue Reading
July 29, 2024
DON’T CALIFORNIA MY AMERICA: The Cost of California Policymaking
WASHINGTON, D.C. - Last week, President Joe Biden announced he is not seeking another four years in office and intends to pass the torch to his Vice President and Open-Border Czar, Kamala Harris, a Democrat from California. We often hear that California, if it was its own country would rank 5th in GDP. That’s why California’s policy blunders are particularly damaging. Understanding these failures is crucial if we are to avoid making similar mistakes on the national level. Their progressive … Continue Reading
July 29, 2024
U.S. National Debt Surpasses $35 Trillion
WASHINGTON, D.C. - Today, the United States’s national debt reached another alarming milestone - our national debt is a staggering $35 trillion. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this milestone: Chairman Arrington's Statement: Background: The gross national debt is currently $35 trillion. This equates to: $104,497 per person $266,275 per household $483,889 per child The debt one year ago was $32.65 trillion, meaning that the … Continue Reading
July 26, 2024
Op-Ed, The Epoch Times: We Are Losing Antibiotics—And We Can’t Afford To
WASHINGTON, D.C. - House Budget Committee Member Drew Ferguson (R-GA) is Sounding the Alarm on the impending threat to local health care systems - the increasing scarcity of antibiotics to treat patients. Just this week, Rep. Ferguson led a bipartisan Budget Committee roundtable titled “Threats to Modern Medicine: Examining the Budgetary Effects of Antimicrobial Resistance and the Broken Antibiotic Development Pipeline.” Members heard from a panel of experts who emphasized the need to bring … Continue Reading
July 26, 2024
American Families Still Reeling from the Biden-Harris Administration’s 20 Percent Inflation Tax
WASHINGTON, D.C. - Today the Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index was 2.5 percent for the month of June. Since the Biden-Harris Administration took office, prices have risen nearly 20 percent, with Americans paying nearly $17,000 more per year for the same goods and services. Chairman Arrington's Statement on the PCE Report: House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on President … Continue Reading
July 25, 2024
House Budget Committee Examines Budgetary Effects of Antimicrobial Resistance and the Broken Antibiotic Development Pipeline
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) and Health Care Task Force (HCTF) Chairman Michael C. Burgess, MD (R-TX) led a bipartisan roundtable entitled, “Threats to Modern Medicine: Examining the Budgetary Effects of Antimicrobial Resistance and the Broken Antibiotic Development Pipeline.” Joining in this effort are Rep. Drew Ferguson (R-GA) and Rep. Scott Peters (D-CA) who introduced H.R. 2940, Pioneering Antimicrobial Subscriptions to End Upsurging … Continue Reading
July 25, 2024
Bureau of Economic Analysis: GDP Growth for Q2 at 2.8 Percent
WASHINGTON, D.C. - Today, the Bureau of Economic Analysis (BEA) released its first estimate for economic growth in the second quarter (Q2) of 2024. The report found that real U.S. Gross Domestic Product (GDP) grew by 2.8 percent. Unfortunately, the damage of the Biden-Harris economic agenda has already been done. Prices have risen nearly 20 percent since Biden-Harris took office, with Americans paying nearly $17,000 more per year for the same goods and services. House Budget Committee … Continue Reading
July 24, 2024
CBO Report on Effects of the Biden-Harris Administration’s Failed Immigration Policies Excludes Comprehensive Review
WASHINGTON, D.C. - Yesterday, the Congressional Budget Office (CBO) released a report titled “The Effects of the Immigration Surge on the Federal Budget and the Economy.” This report was in response to a letter sent by House Budget Committee Chairman Jodey Arrington (R-TX), which requested a complete and fair analysis of the budgetary impact of the border crisis. CBO acknowledged that there are serious uncertainties in their calculations and their analysis excludes major portions of federal … Continue Reading
