Press Releases
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
July 24, 2024
Chairman Arrington Joins Mornings with Maria to Discuss Biden-Harris Administration’s Failed Economic Policies
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “Mornings with Maria” on Fox Business to discuss Vice President and Open-Border Czar Kamala Harris’s far-left policies, the Biden-Harris Administration’s border crisis, and more. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Vice President Harris: "I know Vice President Harris because I think she's had the greatest influence … Continue Reading
July 22, 2024
Chairman Arrington Calls for Transparency on Protective Services Resources for all Presidential Candidates
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) sent a letter to Department of Homeland Security (DHS) Secretary Alejandro Mayorkas addressing critical concerns regarding the budgetary resources allocated to protective services for presidential candidates. In light of escalating security threats to our nation’s political leaders, Chairman Arrington requests disclosure of the resources allocated to DHS agencies, including the Secret Service, to protect … Continue Reading
July 16, 2024
Chairman Arrington on Biden’s Nationalization of Failed Rent Control Policies
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released a statement on President Biden’s plan to implement failed rent control policies nationwide. Chairman Arrington on Rent Control: "Rent control has been a disaster in cities across the country like New York City, causing housing costs to explode, quality to decline, and the construction of badly needed new, affordable homes to plummet. President Biden’s plan to nationalize a policy that has produced … Continue Reading
July 12, 2024
House Budget Committee Releases Discussion Drafts and Solicits Feedback on Legislation to Improve the Congressional Budget Process
WASHINGTON, D.C. - Today, on the 50th Anniversary of the Congressional Budget and Impoundment Control Act of 1974 becoming law, the House Budget Committee and its Budget Process Reform Task Force released three discussion drafts outlining proposals to reform the congressional budget process and minimize budget gimmicks. These proposals would reinstate and enforce outlay caps, require sponsors of legislation to insert statements in the Congressional Record justifying any emergency spending, and … Continue Reading
July 12, 2024
Chairman Arrington Joins Federation for American Immigration Reform to Discuss Fiscal Impacts of Biden’s Border Crisis
WASHINGTON, D.C. - Last week, House Budget Committee Chairman Jodey Arrington (R-TX) joined the Executive Director of the Federation for American Immigration Reform (FAIR), Julie Kirchner, on FAIR’s podcast series “Understanding Immigration”, to discuss the fiscal impacts of President Biden’s border crisis. Watch the full interview HERE. Find highlights of key moments below: Chairman Arrington on Immigration's Effect on the Federal Deficit: “What I don't think people focus on enough is … Continue Reading
July 11, 2024
Op-Ed, Washington Examiner: The Debt and Interest Albatross
WASHINGTON, D.C. - House Budget Committee Member Blake Moore (R-UT) is Sounding the Alarm on the fastest-growing part of our national debt: interest payments. Congressman Moore outlined hidden interest in an article in the Washington Examiner, highlighting how it is now the largest contributor to our national debt- exceeding infrastructure, education, healthcare, and national defense spending. Congressman Moore in the Washington Examiner: Via the Washington Examiner: “As we celebrated … Continue Reading
July 11, 2024
Op-Ed, Washington Examiner: Biden’s Cruel Economy
WASHINGTON, D.C. - This week, House Budget Committee Chairman Jodey Arrington (R-TX) penned an Op-Ed in the Washington Examiner on the effects of President Biden’s cruel economic policies. Under the Biden Administration, our country is at the highest level of indebtedness in history, inflation has soared nearly 20 percent, and the American dream has grown increasingly out of reach for millions of people. Read more as Chairman Arrington lays out the cost of President Biden’s cruel … Continue Reading
July 11, 2024
Inflation Report: Prices Remain Higher Than Pre-Pandemic
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) report for June showed that inflation dropped slightly from May, with year-over-year inflation coming in at 3.0 percent. Since President Biden took office, prices have increased by a total of 19.2 percent. Chairman Arrington on Today's Inflation Report: Chairman Arrington released the following statement on today’s inflation report: “The … Continue Reading
July 10, 2024
Congressional Budget Office Releases Monthly Budget Review: Federal Deficit Reaches $1.3 Trillion for First Nine Months
WASHINGTON, D.C. - Yesterday, the Congressional Budget Office (CBO) released the monthly budget review for June 2024. According to the report, overall spending, after adjusting for timing shifts, is up 7 percent at $320 billion and revenues are up 10 percent at $342 billion, when compared to the same point last year. Interest spending has increased by 40 percent at $201 billion compared to the same point last year. Some key number breakdowns: Topline Takeaways from CBO's Monthly Budget … Continue Reading
July 05, 2024
June Jobs Report: Unemployment Rate Rises to Highest Level Since November 2021
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for June 2024. The report showed 206,000 new jobs were created in June, 12,000 less than were created in May. The unemployment rate rose to 4.1 percent, the highest level since November 2021. Job gains in April and May were revised down by a combined 111,000 compared to prior projections. Chairman Arrington Statement on June Jobs Report: House Budget Committee Chairman Jodey Arrington (R-TX) responds to … Continue Reading
June 28, 2024
FACT CHECK: The Truth About Biden’s Failed Presidency
WASHINGTON, D.C. - Last night, President Biden and President Trump participated in the first presidential debate of the year. President Biden tried to paint a picture that his presidency has been good for the American people, but that couldn’t be further from the truth. The House Budget Committee is here with the facts on last night’s claims by President Biden. Read what he got wrong below and follow along for the truth. Economy: President Biden misled the American people about the pain … Continue Reading
