Press Releases

June 12, 2024

Economy Continues to Struggle: Fed Makes No Change to Interest Rates

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. Falling workforce participation, worsening consumer confidence, and doubts about future economic growth all paint a bleak picture for our nation’s fiscal health. The Fed has indicated it won’t begin cutting interest rates until inflation is trending down toward the target of … Continue Reading


June 12, 2024

Chairman Arrington Joins Kudlow on Fox Business to Discuss the Importance of Smart Fiscal Policies

WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow’s Show on Fox Business. Chairman Arrington joined Kudlow and Author Steve Moore to talk about the burden of high taxes on the American people. Watch Chairman Arrington's full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Eliminating Taxes on Tips: “I think what the American people need, especially working families suffering under this … Continue Reading


June 12, 2024

Inflation Stagnates: Doubts on Future Economic Growth Remain

WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) report for May showed that inflation remained unchanged from April, with year-over-year inflation coming in at 3.3 percent. Since President Biden took office, prices have increased by a total of 19.3 percent. Chairman Arrington on Today's Inflation Report: Chairman Arrington released the following statement on today’s inflation report: “The … Continue Reading


June 12, 2024

Chairman Arrington & Oversight Task Force Chair Bergman Request CBO to Analyze Full Cost of President Biden’s Executive Actions

WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) and Oversight Task Force Chair Jack Bergman (R-MI) sent a letter to the Congressional Budget Office (CBO), requesting a fulsome cost estimate for the 138 executive actions and agency rules unilaterally issued by the Biden Administration.Read the full letter HERE. Background: The Problem: According to the Congressional Research Service (CRS) executive orders “are used extensively by Presidents to achieve policy … Continue Reading


June 07, 2024

Chairman Arrington Joins Neil Cavuto’s Coast to Coast to Discuss President Biden’s Failed Leadership & Broken Promises

WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Neil Cavuto’s Coast to Coast on Fox Business to discuss President Biden’s lack of accountability toward Ukraine aid and his failed attempt at securing our Southwest border. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Foreign Aid Support Package: “Well, I think it's true, we should unite as an alliance of freedom loving … Continue Reading


June 07, 2024

May Jobs Report: Labor Force Participation Drops from April

WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for May 2024, which showed 272,000 new jobs were created in May, the labor participation rate dropping slightly from 62.7 percent in April to 62.5 percent, and the unemployment rate ticking up slightly from 3.9 percent in April to 4.0 percent. Furthermore, nearly half of all job growth since October can be attributed to various immigrant groups, including illegal immigrants, showing a far weaker economy … Continue Reading


June 05, 2024

Chairman Arrington Announces House Budget Committee Policy Director

WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) announced that Mike Franc has joined the Committee as it’s Policy Director. In this role, Franc will assist the Chairman and committee members as they work to “Reverse the Curse” and restore fiscal responsibility, economic freedom, and prosperity in America. Franc joins the leadership team with Staff Director Gary Andres and Deputy Staff Director Paige Decker. Chairman Arrington Welcomes New Policy … Continue Reading


June 05, 2024

President Biden’s 180 on Border Security: Political Showmanship and Broken Promises

WASHINGTON D.C. - Yesterday, President Biden signed an Executive Order in a farfetched attempt to secure our border. The order uses the same Section 212(f) authorities of the Immigration and Nationality Act that he derided President Trump for using. President Biden’s order purports to strengthen the asylum screening process, create actions to quickly resolve immigration cases, and initiate closer ties with the Mexican government to tackle the fentanyl crisis. Not only is it ironic that these … Continue Reading


May 31, 2024

Ignoring the Importance of Offsets: The Biden Administration Continues to Not Properly Implement Administrative PAYGO

WASHINGTON, D.C. - Yesterday, Shalanda Young, Director of the Office of Management and Budget (OMB), responded to House Budget Committee Chairman Jodey Arrington (R-TX) and Oversight Task Force Chairman Jack Bergman’s (R-MI) letter concerning the Administration’s interpretation and implementation of the Fiscal Responsibility Act (FRA) of 2023’s Administrative Pay-As-You-Go (PAYGO) provision. While the Committee appreciates Director Young’s response by the deadline, the letter disregards key … Continue Reading


May 31, 2024

Bureau of Economic Analysis: PCE Inflation Rose by 2.7 Percent in April

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 2.7 percent over the last year for the month of April. This is unchanged from March’s 2.7 percent. House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on PCE rising 2.7 percent over the last year in April: How bad was the impact of Democrats’ spending spree and … Continue Reading


May 30, 2024

Bureau of Economic Analysis: GDP Growth for Q1 was Just 1.3 Percent, Even Lower than Previously Estimated

WASHINGTON, D.C. - Today, the Bureau of Economic Analysis (BEA) released its second estimate for economic growth in the first quarter (Q1) of 2024. The report found that real U.S. Gross Domestic Product (GDP) grew by 1.3 percent, .3 percentage points lower than forecasted last month. This finding underscores that President Biden’s failed economic policies have been a disaster for the economy.  Chairman Arrington's Statement on GDP Growth: House Budget Committee Chairman Jodey Arrington … Continue Reading


May 29, 2024

Interest Costs Skyrocket by 152 Percent Under President Biden

WASHINGTON, D.C. - Under President Biden, the cost to service our national debt has skyrocketed. Since January 2021, spending on interest has grown by an astonishing 152 percent. For context, during the same period, spending growth for key areas: 33 percent growth in spending for Social Security 21 percent growth in spending for Medicaid 15 percent growth in spending for Defense   14 percent growth in spending for Medicare Interest is the fastest growing obligation in the federal … Continue Reading


May 28, 2024

Consumer Confidence Wanes for Second Consecutive Month, Fears of Looming Recession Continue to Grow

WASHINGTON, D.C. - Today, the Conference Board released its report entitled, “Confidence Ticks Up after Three Straight Declines but Consumers Remain Anxious about the Future,” evaluating Consumer Confidence for May 2024. The report described Consumers’ perceived likelihood of a recession over the next 12 months rose for the second consecutive month in May. The Conference Board Consumer Confidence Index® measures the optimism or pessimism of households about their financial situation and their … Continue Reading


May 24, 2024

What They Are Saying: H.R. 8372, the Debt Per Taxpayer Information Act

WASHINGTON, D.C. - Last week, the House Budget Committee marked up five additional budget process reform bills, including H.R. 8372, the “Debt Per Taxpayer Information Act.” The bill  was favorably reported by the House Budget Committee on a bipartisan vote of 21 ayes to 4 nays.  The “Debt Per Taxpayer Information Act,” sponsored by Chairman Jodey Arrington (R-TX), would provide each American filing a tax return with information on their W-2 about federal revenues, outlays, and deficit in the … Continue Reading


May 24, 2024

What They Are Saying: H.R. 8341, the Cost Estimates Improvement Act

WASHINGTON, D.C. - Last week, the House Budget Committee marked up five additional budget process reform bills, including H.R. 8341, the “Cost Estimates Improvement Act.” The bill was favorably reported by the House Budget Committee on a bipartisan vote of 17 ayes to 7 nays. The “Cost Estimates Improvement Act,” sponsored by Rep. Michael Cloud (R-TX), Rep. Ed Case (D-HI), Rep. Dan Meuser (R-PA), Rep. Jared Golden (D-ME), and Rep. Tom McClintock (R-CA), will require the Congressional Budget … Continue Reading


May 23, 2024

House Budget Committee Holds Hearing to Examine Budgetary Effects of Growing Health Care Consolidation

WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX), Health Care Task Force Chair Michael Burgess (R-TX), and members of the House Budget Committee held a hearing titled “Breaking up Health Care Monopolies: Examining the Budgetary Effects of Health Care Consolidation.” Today’s hearing brought together House Budget Committee members and health care experts and stakeholders to investigate the budgetary effects of consolidation in health care markets and policy … Continue Reading


May 23, 2024

Chairman Arrington Delivers Opening Remarks at “Breaking Up Health Care Monopolies: Examining the Budgetary Effects of Health Care Consolidation” Hearing

Washington, D.C.-Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks at the Committee hearing titled “Breaking Up Health Care Monopolies: Examining the Budgetary Effects of Health Care Consolidation.” This hearing is focused on the budgetary effects of increasing health care consolidation and exploring policy solutions to enhance competition, with the objective of reducing health care costs and expanding patient choices. Click HERE to watch Chairman … Continue Reading


May 22, 2024

What They Are Saying: H.R. 8343, the Enhancing Improper Payment Accountability Act of 2024

WASHINGTON, D.C. - Last week, the House Budget Committee marked up five additional budget process reform bills, including H.R. 8343, the “Enhancing Improper Payment Accountability Act of 2024.” The bill was favorably reported by the House Budget Committee on a bipartisan vote of 18 ayes to 7 nays. The “Enhancing Improper Payment Accountability Act,” sponsored by Rep. Blake Moore (R-UT) and Rep. Abigail Spanberger (D-VA), would impose timely reporting requirements for new federal spending … Continue Reading


May 22, 2024

What They Are Saying: H.R. 8342, the Improper Payments Transparency Act

WASHINGTON, D.C. - Last week, H.R. 8342, the “Improper Payments Transparency Act” was favorably reported by the House Budget Committee on a bipartisan vote of 18-7. The “Improper Payments Transparency Act,” led by Budget Process Reform Task Force Chairman Rep. Rudy Yakym (R-IN), Rep. Jimmy Panetta (D-CA), Rep. Jack Bergman (R-MI), and Rep. Scott Peters (D-CA),would direct the President to include the amounts and rates of improper payments at each executive branch agency, year-over-year … Continue Reading


May 21, 2024

What they are Saying: H.R. 8195, the Strengthening Administrative PAYGO (SAP) Act of 2024

WASHINGTON, D.C. - Last week, H.R. 8195, the “Strengthening Administrative PAYGO (SAP) Act of 2024” was reported by the House Budget Committee to the House with a favorable recommendation by a vote of 16-9. “The SAP Act,” sponsored by Oversight Task Force Chair Jack Bergman (R-MI) and Chairman Jodey Arrington (R-TX), would provide transparency on unchecked administrative spending by ensuring the Executive Branch is held accountable when issuing costly executive actions. “The SAP Act” has the … Continue Reading

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