Press Releases
Currently showing results related to Spending
House Budget Committee Holds Hearing to Sound the Alarm on Looming Medicare and Social Security Insolvency
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the Committee held an oversight hearing entitled “Medicare and Social Security: Examining Solvency and Impacts on the Federal Budget.” This was the first time since 2012 that the chief actuaries for the Centers for Medicare and Medicaid Services (CMS) and the Social Security Administration (SSA) testified together to Congress. This was also the first time the current chief actuary for CMS … 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
May 17, 2024
Chairmen Arrington, Smith Request Budgetary Analysis of Biden Plan to Permanently Expand Obamacare Subsidies for the Wealthy
WASHINGTON, D.C. - House Budget Committee Chairman Jodey Arrington (R-TX) and House Ways and Means Committee Chairman Jason Smith (R-MO) sent a letter to Congressional Budget Office (CBO) Director Phillip Swagel and Joint Committee on Taxation (JCT) Chief of Staff Thomas Barthold requesting a comprehensive analysis of the budgetary effects of making permanent the enhanced Obamacare subsidies - as called for in President Biden’s budget - which have gone to some of the nation’s highest … Continue Reading
May 13, 2024
The Cost of the Border Crisis: $150.7 Billion and Counting
WASHINGTON, D.C. - Yesterday, the House Budget Committee held a hearing entitled “The Cost of the Border Crisis” to highlight the importance of border security and the fiscal implications of President Biden’s failed border policies. Witnesses from the Federation for American Immigration Reform (FAIR), Texas Public Policy Foundation’s “Secure and Sovereign Texas” Initiative, and Kinney County, Texas, testified before the committee to show the impacts of the border crisis, particularly the … Continue Reading
May 07, 2024
Fox Business: Chairman Arrington Discusses Looming Insolvency of Social Security, Medicare, and the Upcoming Hearing on the Cost of the Border Crisis
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Fox Business’s Cavuto: Coast to Coast with host Neil Cavuto to discuss the looming insolvency of our entitlement programs such as Social Security and Medicare, and to highlight the Committee’s upcoming hearing entitled “The Cost of the Border Crisis.” Click HERE to watch Chairman Arrington on Cavuto: Coast to Coast Highlights from the Chairman’s interview below: Chairman Arrington on the Border … Continue Reading
April 30, 2024
Consumer Confidence for April Falls to Lowest Level Since July 2022
WASHINGTON, D.C. - Today, The Conference Board released its report entitled, “Consumers More Pessimistic About Future Business Conditions, Jobs, and Income” on their latest report of Consumer Confidence for April 2024. Per the Conference Board’s Consumer Confidence Survey for April, findings reflect “prevailing business conditions and likely developments for the months ahead. This monthly report details consumer attitudes, buying intentions, vacation plans, and consumer expectations for … Continue Reading
April 29, 2024
Chairman Arrington and Oversight Task Force Chairman Bergman Again Call for Implementation and Execution of Administrative PAYGO
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) and Oversight Task Force Chairman Jack Bergman (R-MI) sent a second letter — issued in tandem with the committee’s request of the Government Accountability Office (GAO) to conduct a report on the “Status of Actions to Offset Direct Spending from Administrative Rules” released on November 30, 2023 — expressing serious concerns over the Administration’s interpretation and implementation of the Fiscal Responsibility … Continue Reading
April 26, 2024
President Biden’s Executive Actions Have Cost Taxpayers Over $2 Trillion
WASHINGTON, D.C. - Since taking office, President Biden has proposed and implemented executive actions that have cost taxpayers over $2 trillion. This spending was put forth by the Biden Administration without Congressional approval, underscoring the need for increased oversight and transparency throughout the Executive Branch. The House Budget Committee reviewed the President’s major executive actions to determine their status, costs, and implications. They range from relatively specific to … Continue Reading
April 26, 2024
Chairman Arrington, Health Care Task Force Chair Burgess Request Investigation into Obamacare Program Driving Deficits
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) and Budget Committee Health Care Task Force (HCTF) Chair Michael C. Burgess, M.D. (R-TX) sent a letter to Comptroller General Gene Dodaro of the U.S. Government Accountability Office (GAO) requesting an updated report on the cost of the Center for Medicare and Medicaid Innovation (CMMI) and its effect on the federal budget. The Relationship Between Federal Spending and CMMI: The Patient Protection and … Continue Reading
April 17, 2024
Chairman Arrington Statement on First Ever Government-Wide Fraud Estimate Report
WASHINGTON, D.C. - Yesterday, the Government Accountability Office (GAO) unveiled a first-ever fraud estimate report across all government programs. According to the report, the federal government faces estimated annual financial losses due to fraud ranging from $233 billion to $521 billion. These losses stem from various fraud risks within federal programs and operations, underscoring a critical need for enhanced fraud risk management and prevention strategies. In response to the report, … Continue Reading
April 12, 2024
Penn Wharton Sounds the Alarm on Biden’s Student Loan Bailout Scheme
WASHINGTON, D.C. - Today, the Penn Wharton Budget Model (PWBM) released an analysis of President Biden’s latest student loan cancellation scheme, which was unveiled earlier this week. PWBM’s report reveals this plan is projected to cost taxpayers $84 billion and would disproportionately affect high-income earners. Roughly “750,000 households making over $312,000 in average household income” would be eligible for longer-term student debt cancellation. Chairman Jodey Arrington (R-TX) … Continue Reading
March 26, 2024
Arrington & Comer Statements on GAO’s Improper Payments Report
WASHINGTON D.C.— House Budget Committee Chairman Jodey Arrington (R-TX) and House Committee on Oversight and Accountability Chairman James Comer (R-KY), co-leaders of the Improper Payments Working Group, issued statements today on the Government Accountability Office’s (GAO) report, “Improper Payments: Information on Agencies’ Fiscal Year 2023 Estimates.”“This past fiscal year, the federal government made $236 billion in fraudulent and wasteful payments - more than we spent on Homeland … Continue Reading
March 22, 2024
Chairman Arrington Statement on President Biden’s Latest Student Loan Scheme
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement in response to the Biden administration’s most recent “cancellation” of loans, shifting $5.8 billion in loans from 78,000 borrowers to hard working Americans. This brings the cost of President Biden’s election driven loan scheme to a staggering $143.6 billion and counting, with the price being borne by the taxpayers: "President Biden’s actions do not “cancel” any loans. He … Continue Reading
March 15, 2024
Chairman Arrington Discusses Biden’s Four Years of Fiscal Failure on Fox News Radio
WASHINGTON, D.C. - This week, House Budget Committee Chairman Jodey Arrington (R- TX) joined the Guy Benson show with guest host Ross Kaminsky to discuss President Biden’s four years of fiscal failure, how Biden’s climate policies are hurting the economy, House Republicans’ “Reverse the Curse” budget, and more. Some highlights from the discussion are below. Click HERE to listen to Chairman Arrington on Fox News Radio. House Budget Chairman Arrington on Biden’s Four Years of Fiscal … Continue Reading
March 07, 2024
Chairman Arrington Delivers Opening Statements at the Markup of the Concurrent Resolution on the Budget
WASHINGTON, D.C. - Today, Chairman Jodey Arrington (R-TX) delivered opening statements at the markup of the concurrent resolution on the budget for fiscal year 2025. Click HERE to watch the Chairman's Opening Statement. Opening Statements as Delivered: “Today we will proceed with consideration of the Fiscal Year 2025 concurrent resolution on the budget. I want to thank the Ranking Member, Mr. Boyle for working with me to develop a structure for this markup that closely follows what has … Continue Reading
March 07, 2024
TODAY: House Budget Committee to Markup Concurrent Resolution on the Budget for Fiscal Year 2025
WASHINGTON, D.C. - Today, Chairman Jodey Arrington (R-TX) released the following statement ahead of today’s markup of the concurrent resolution on the budget: “Today, President Biden will try to convince the American people that the state of the union is good and our lives are better. They will be empty words from a 50-year politician. Political theatre and hollow rhetoric fail to meet this historic and consequential moment in the life of our nation. Meanwhile, Republicans on the Budget … Continue Reading
March 06, 2024
Biden's Budget Bust: How Biden's Budgets Have Blown Up Spending
President Biden’s Fiscal Year (FY) 2025 Budget will be released this coming Monday, March 11 (35 days late). While we wait, the House Budget Committee is analyzing data from last year’s budget and its impact on federal spending: By the Numbers: The President’s FY2024 budget proposed the highest sustained levels of spending in U.S. history: $82.2 trillion in spending over ten years, eclipsing 24.8% of GDP. This is $21 trillion higher than the pre-Biden CBO projection. As a share of the … Continue Reading
February 14, 2024
House Budget Chairman Arrington Joins Mornings with Maria To Discuss Cost of Border Security, CBO Baseline
WASHINGTON, D.C. - House Budget Committee Chairman Jodey Arrington (R-TX) joined “Mornings with Maria” on Fox Business to discuss border security and fiscal challenges facing our nation. Click HERE to watch Chairman Arrington on Mornings with Maria. Chairman Arrington on Border Security: “The Mayorkas impeachment was [held] for reasons that have been obvious to the American people for three years. He had no intention of enforcing the laws of the land. He didn’t fulfill his sacred … Continue Reading
February 07, 2024
Chairman Arrington Releases Statement on Congressional Budget Office Budget Baseline
WASHINGTON D.C. — Today, House Budget Committee Chairman Jodey Arrington issued the following statement following the Congressional Budget Office’s (CBO) release of its February 2024 budget baseline. “Today’s CBO baseline reveals that when Republicans stand firm on fiscal responsibility and force Congress to reduce spending, America’s fiscal outlook improves. While our debt trajectory remains unsustainable driven by Biden’s executive actions, mandatory spending, and interest … Continue Reading
February 07, 2024
CBO 2024 Baseline: The Baseline Under President Biden
The Deterioration of the Federal Budget Outlook Since Biden Took Office: Since January 20, 2021, the gross federal debt has increased by $6.4 trillion. To put that in perspective, the federal government has accumulated more debt in the last three years than in the first 214 years of the U.S. federal government (1789-2002). The debt continues to grow at an unsustainable rate under current policies. The latest Congressional Budget Office (CBO) baseline projected gross federal debt … Continue Reading
