Press Releases
President Biden Signs H.R. 7032, the CBO Data Sharing Act Into Law
WASHINGTON, D.C. - Today, the President signed H.R. 7032, the Congressional Budget Office (CBO) Data Sharing Act, into law. This bipartisan legislation, championed by Budget Committee Chairman Jodey Arrington (R-TX) and Ranking Member Brendan Boyle (D-PA), is the first-ever House Budget Committee bill to become law with unanimous support from Congress. This legislation will expand the CBO’s authority to request and receive data from executive branch agencies while safeguarding sensitive … Continue Reading
September 26, 2024
House Budget Committee Reports Six Congressional Budget Office Reform Initiatives Favorably to the House
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the Committee held a markup of six bills to improve the practices and operations of the Congressional Budget Office (CBO). The bills under consideration include: H.R. 9716, the "Increasing Baseline Updates Act." Sponsor: Rep. Blake Moore (R-UT). This bill would require CBO to produce at least two baseline updates per year, including at least one update with economic data, ensuring … Continue Reading
September 25, 2024
Chairman Arrington Delivers Opening Remarks at Markup of Congressional Budget Office Reform Bills
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks at the markup of six bills that aim to improve the Congressional Budget Office (CBO). Those bills are: H.R. 9716, the “Increasing Baseline Updates Act” H.R. 9751, the “Executive Action Cost Transparency Act” H.R. 9714, the “CBO Oversight Act” H.R. 9711, the “Congressional Budget Office Scheduling Reform Act” H.R. 8068, the “Stop the Baseline Bloat Act of 2024” H.R. 9686, the … Continue Reading
September 24, 2024
Consumer Confidence: Chairman Arrington Statement on September Report
WASHINGTON, D.C. - Today, The Conference Board released its report on the Consumer Confidence Index for September 2024. The report showed that overall consumer sentiment declined sharply in September to 98.7 from an upwardly revised 105.6 in August, demonstrating that Americans continue to worry about their financial futures. This was the largest decline in Consumer Confidence since August 2021. Consumer Confidence remains well below pre-Covid levels. Chairman Arrington on Consumer … Continue Reading
September 23, 2024
Chairman Arrington Requests CBO Analysis on the Exploding Cost of Medicaid Spending for Illegal Aliens Under Biden-Harris Border Crisis
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) sent a letter to Congressional Budget Office (CBO) Director Phillip Swagel asking the CBO to analyze the cost to taxpayers of “Border Czar” Vice President Kamala Harris’s open border on the Medicaid program. Specifically, the letter calls on CBO to produce data on Medicaid spending on emergency services for illegal aliens from Fiscal Year 2017 to Fiscal Year 2023, allowing American taxpayers to understand the … Continue Reading
September 20, 2024
The Cost of the Biden-Harris Energy Crisis: Trillions of Taxpayer Dollars and Counting
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the Committee held a hearing entitled “The Cost of the Biden-Harris Energy Crisis” to highlight the fiscal implications of the Biden-Harris Administration’s energy policies. Find some key moments from the hearing below: Chairman Jodey Arrington (R-TX): Click HERE to watch Chairman Arrington’s remarks “What do you think their [working class families] response would be to listen to his [Mr. … Continue Reading
September 19, 2024
Chairman Arrington Delivers Opening Remarks at Hearing Entitled “The Cost of the Biden-Harris Energy Crisis”
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks at the hearing “The Cost of the Biden-Harris Energy Crisis.” Click HERE to watch Chairman Arrington’s Opening Remarks Opening Statement as Delivered: "Our hearing today focuses on the fiscal cost and economic consequences of the Biden-Harris Administration's failed economic and energy policies. Those costs have been significant and measurable, and the consequences have been manifold … Continue Reading
September 19, 2024
Chairman Arrington Joins Mornings with Maria to Discuss the Biden-Harris Failed Economic and Energy Agenda
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “Mornings with Maria” on Fox Business to preview the House Budget Committee’s hearing entitled “The Cost of the Biden-Harris Energy Crisis” and this Administration’s failed economic agenda. Watch Chairman Arrington’s full interview on Fox Business HERE. Find highlights of key moments below: Chairman Arrington on Kamala Harris's Economic Agenda: "I'm scared to death that we would give control over … Continue Reading
September 18, 2024
Chairman Arrington Statement on Federal Reserve Interest Rate Cut
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 a 0.5 point reduction in the federal funds rate. 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 Federal Reserve’s activist monetary policies along with the Biden-Harris’ reckless spending were the Molotov … Continue Reading
September 12, 2024
House Budget Committee Examines Ways to Improve the Congressional Budget Office
WASHINGTON, D.C. - Yesterday, the House Budget Committee held a legislative hearing entitled “Congress and the Congressional Budget Office (CBO): Examining Ways to Improve CBO” with CBO Director Phillip Swagel. This was the Budget Committee’s second oversight hearing this Congress focused on examining ways to improve the accuracy of CBO’s cost estimates, the timeliness of its communications with members and the general public, and their accountability to the Congress. As CBO celebrates its … Continue Reading
September 11, 2024
Chairman Arrington Delivers Opening Remarks at Hearing Entitled “Congress and the Congressional Budget Office (CBO): Examining Ways to Improve CBO”
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks at the hearing “Congress and the Congressional Budget Office (CBO): Examining Ways to Improve CBO.” Click HERE to watch Chairman Arrington’s Opening Remarks Opening Statement as Delivered: “One of the things that we have a responsibility to do on behalf of you, voters, taxpayers, and all Americans is to ask questions of the heads of our agencies that run the inner workings of … Continue Reading
September 10, 2024
The CBO Data Sharing Act Passes the Senate, the First Bipartisan HBC Bill to Unanimously Pass Both Chambers in History
WASHINGTON, D.C. - Today, the U.S. Senate passed H.R. 7032, the Congressional Budget Office (CBO) Data Sharing Act by unanimous consent. Passage of H.R. 7032, led by House Budget Committee Chairman Jodey Arrington (R-TX) and Ranking Member Brendan Boyle (D-PA), marks the first time EVER that a bipartisan House Budget Committee bill has passed both the House and Senate unanimously. The CBO Data Sharing Act was considered by the House Budget Committee in February 2024, passing the House in … Continue Reading
September 10, 2024
KAMALANOMICS: What Does Vice President Kamala Harris Truly Believe?
WASHINGTON, D.C. - During her tenure as a United States Senator, Kamala Harris supported and advocated for the implementation of economic policies that would decimate America’s workforce and torpedo the economy. Fast forward to the recently unveiled Harris-Waltz economic proposal, Vice President Harris continues to advocate in favor of policies that would further stifle American prosperity. The Penn Wharton Budget Model analyzed the Harris-Walz economic plan and reported some alarming … Continue Reading
September 06, 2024
Employment Situation: Chairman Arrington Statement on August Jobs Report
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for August 2024, which showed 142,000 new jobs were created in August. Chairman Arrington's Statement on August Jobs Report: House Budget Committee Chairman Jodey Arrington (R-TX) responds to the August jobs numbers: “The Biden-Harris Administration’s tax-and-spend policies have unleashed widespread economic pain throughout our nation, with stubborn inflation and stagnant job growth continuing to plague … Continue Reading
August 28, 2024
Chairman Arrington on the Supreme Court Upholding the Pause on the Biden-Harris Student Loan Scheme
WASHINGTON, D.C. - Today, the Supreme Court unanimously ruled to maintain the pause on the Biden-Harris Administration’s unconstitutional student loan cancelation scheme: the Saving on a Valuable Education (SAVE) plan. Since taking office, this Administration has made several attempts to ram through legally questionable policies, trying to spend an unprecedented $1 trillion on student loan “forgiveness” alone. Chairman Arrington released the following statement on the Supreme Court’s … Continue Reading
August 27, 2024
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
