Press Releases
Currently showing results related to Spending
Chairman Arrington Delivers Opening Remarks at House Budget Hearing “Creating a Culture of Fiscal Responsibility: Assessing the Role of the Congressional Budget Office.”
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered the following opening remarks at the Committee’s hearing, “Creating a Culture of Fiscal Responsibility: Assessing the Role of the Congressional Budget Office.” Click HERE to watch the Chairman's statement as delivered Chairman Arrington’s Remarks as Prepared for Delivery Good morning, everyone. Director Swagel - thank you for joining us. Today, we’re going to our conduct our constitutional … Continue Reading
January 30, 2024
House Budget Committee Members Consider Ideas to Curb Improper Payments
WASHINGTON, D.C. - Today, the House Budget Committee convened a roundtable to discuss improper payments across the Federal government and opportunities for reform. The roundtable featured Gene Dodaro, Comptroller General and head of the Government Accountability Office (GAO), Orice Williams Brown, Chief Operating Officer of the GAO, Budget Committee Members, and others. Led by House Budget Committee Chairman Jodey Arrington (R-TX), the Member roundtable examined ways to address improper … Continue Reading
January 22, 2024
Arrington, Comer Probe OMB and Treasury Over Completeness of Spending Transparency Data
WASHINGTON D.C.— House Committee on Budget Chairman Jodey Arrington (R-TX) and House Committee on Oversight and Accountability Chairman James Comer (R-KY) sent a joint letter to the Office of Management and Budget (OMB) and U.S. Treasury Department’s Bureau of the Fiscal Service (BFS) after a Government Accountability Office report found agencies failed to provide accurate and timely spending data. In the letter to OMB Director Shalanda Young and BFS Commissioner Timothy Gribben, the … Continue Reading
January 03, 2024
Chairman Arrington Reacts to Highest National Debt in History
WASHINGTON D.C. - Today, Chairman Jodey Arrington (R-TX) released the following statement in response to the national debt reaching $34 trillion for the first time in history: “The fiscal health of our nation is in rapid decline and a sovereign debt crisis would completely upend America’s security, prosperity, and leadership in the world. Washington politicians have made promises they can’t keep and created a government they can’t afford, and the consequences of their fiscal recklessness … Continue Reading
December 19, 2023
Oversight Task Force Releases Report: “Looking at the Numbers: Biden’s Big Government”
WASHINGTON, D.C. - Today, the House Budget Committee’s Oversight Task Force, chaired by Rep. Jack Bergman (R-MI), released a report, “Looking at the Numbers: Biden’s Big Government,” contextualizing how much the Federal government’s spending habits have grown in just three short years. Key Facts: Since taking office, President Biden “has overseen over $11 trillion in spending - more than $1.5 trillion of which has been done unilaterally through various executive actions and rulemaking, … Continue Reading
November 02, 2023
CULTURE CHANGE IN WASHINGTON: Chairman Arrington Statement on Israel Security Supplemental Appropriations Act
Today, House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement ahead of the vote on The Israel Security Supplemental Appropriations Act, which provides $14.3 billion in emergency supplemental funding to Israel: “We must restore a culture of fiscal responsibility in Washington, which includes paying for all new spending with real offsets; and after $11 trillion in unbridled spending and a 40 percent increase in the size of the federal government over the last few … Continue Reading
October 25, 2023
Chairman Arrington: Help Us Less, Mr. President
WASHINGTON, D.C. — House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement after the White House announced a $50 billion inflation-causing spending package:“President Biden’s reckless spending on the Democrats’ vast and radical expansion of the federal government has weakened our economy, racked up a record-high federal debt, and ignited an inflationary firestorm that is burning up the wages and savings of working families. Now, he wants to use the cause as the … Continue Reading
October 10, 2023
IT JUST GETS WORSE: Spending is High, Interest Costs are Soaring, The Debt is Ballooning, According to New CBO Report
This afternoon, the non-partisan Congressional Budget Office (CBO) released the monthly budget review for September 2023. According to the report, spending levels are higher than last year and revenues are lower, meaning substantial growth of the national debt. Some key number breakdowns include: National Debt: $33.5 trillion FY23 Deficit: $1.7 trillion ($314 billion - or 23 percent - higher than last year) CBO further estimates that if the Administration’s plan for student loan … Continue Reading
October 04, 2023
Two-Year Anniversary of $300B Thrifty Food Plan (TFP) Expansion, Biden Continues to Circumvent Congress
This week marks the two-year anniversary of Biden’s $300 billion Thrifty Food Plan (TFP) expansion. TFP is just one of many examples of how the Biden administration has circumvented Congress to force a wasteful spending agenda on the American people.Background:For nearly 50 years, the TFP remained cost-neutral on an inflation adjusted basis. The 2018 Farm Bill’s language requires the United States Department of Agriculture (USDA) to reevaluate the TFP by “2022 and at 5-year intervals … Continue Reading
September 20, 2023
IT'S TIME TO 'REVERSE THE CURSE'
Washington’s bureaucratic, big government spending has gone for long enough.It is time to SOUND THE ALARM about the danger out-of-control spending and unsustainable debt poses to our country and our children’s future.Over the next decade, our annual deficits will double, and U.S. interest payments will triple. Our national debt has ballooned to $33 trillion—equivalent to more than $200,000 of debt per taxpayer—totaling the highest debt-to-GDP ratio since the Second World War. Today, House … Continue Reading
September 12, 2023
Arrington to Mayorkas: Show us the Money
House Budget Committee Chairman Jodey Arrington (R-TX) sent a letter to Department of Homeland Security (DHS) Secretary Alejandro Mayorkas today, highlighting the devastating impact the crisis at the border is having on communities across the country and asking him to provide an accounting of DHS expenditures to address the influx of migrants at the southwest border. Specifically, the letter asks the Secretary the following questions: Since you became Secretary, what has the Department of … Continue Reading
August 10, 2023
Chairman Arrington Statement on Bidenflation’s Slow Decline
Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Labor Department released its July Consumer Price Index report: “Sluggish growth and stubborn inflation continue to persist as a result of Democrats’ spending spree and Biden’s failed economic policies. This month’s inflation report shows that, in spite of the aggressive interest rate hikes, core inflation is high, sticking close to 5%. Since Biden … Continue Reading
July 25, 2023
It’s Simple: Democrats are focused on Spending. Republicans are focused on Growth.
California is on the cusp of a “borrowing bonanza,” according to a recent article by Politico. Gavin Newsom and Democratic lawmakers in the state are wanting to borrow billions of dollars on the backs of over-taxed Californians to fund a massive expansion of Newsom’s liberal agenda. Worst yet: legislative leaders are asking an economically anxious electorate to make this spending spree a reality. The Details: Current proposals made by … Continue Reading
July 21, 2023
Another Disastrous Biden Policy Would Add $475 Billion to the Debt
After the U.S. Supreme Court ruled that President Biden’s primary student loan bailout scheme was unconstitutional, the President used his pen to drastically expand another repayment cancelation rule that has been pending since 2022, quickly finalizing it in the wake of the court's rebuke. This rule, known as the Income Driven Repayment program sets student loan payment rates for some borrowers based on their income. Under this new scheme, the amount that borrowers have to pay … Continue Reading
July 11, 2023
CBO Reports $1.4 Trillion Deficit in First Nine Months of FY2023 Under Biden’s Watch
$1.4 trillion. That is how high the federal deficit is under President Biden’s watch in the first nine months of Fiscal Year 2023 alone, according to a new report released today by the nonpartisan Congressional Budget Office. This striking number is $875 billion (or 170 percent) higher than the same point last year. In just nine months, the Fiscal Year 2023 deficit already exceeds last year’s full year deficit. Reckless Sending is the Culprit: Per CBO, spending is … Continue Reading
May 30, 2023
The Fiscal Responsibility Act Budget Committee Summary and Overview
From the beginning of this process, Republicans insisted that President Biden add fiscal restraint to accompany efforts to raise the debt ceiling. We believed that any effort to responsibly raise the debt ceiling should also include policies to reduce out-of-control spending and grow our economy. The Fiscal Responsibility Act does both. We Rein-In the Runaway Bureaucracy. By reducing FY 2024 spending compared to last year, we take a crucial first step toward getting our fiscal house … Continue Reading
May 30, 2023
Chairman Arrington on the Fiscal Responsibility Act
Today, House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on the Fiscal Responsibility Act, which would restore fiscal sanity in our nation and hold Washington accountable."It took two decades of fiscal irresponsibility to put our country in this financial mess and we shouldn’t expect to get out of it with just one legislative deal."The Fiscal Responsibility Act takes an important step to getting our nation’s fiscal house in order by … Continue Reading
May 12, 2023
Arrington on CBO Baseline
Today, the Congressional Budget Office (CBO) released their latest Update to the Budget Outlook report, commonly referred to as the baseline. Today’s baseline report – which includes projections of federal spending, revenue, surpluses or deficits, and debt – shows a $130 billion increase of this year’s deficit compared to their February projection. House Budget Committee Chairman Jodey Arrington (R-TX), said of the report: “Every report we get from CBO … Continue Reading
May 11, 2023
Arrington Opening Statement at "Exposing the Woke, Wasteful, and Bloated Bureaucracy" Hearing
Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered the following opening remarks at a hearing on "Exposing the Woke, Wasteful, and Bloated Bureaucracy." Click here to watch Arrington's full remarks. Chairman Arrington's remarks as prepared for delivery: "This is the first hearing of our committee since the House passed Republicans’ debt ceiling proposal - the Limit, Save, and Grow Act. This bill is a responsible and important first step to getting our fiscal house … Continue Reading
May 09, 2023
Arrington on CBO's Mid Fiscal Year Analysis
Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement regarding the Congressional Budget Office's (CBO) monthly budget review for April 2023: “Our nation’s fiscal health is in decline and our deficit spending is unsustainable. The CBO’s mid fiscal year analysis tells the story - Democrats’ reckless spending and failed economic policies are making America’s debt woes go from bad to worse.” A Few Highlights: We have already borrowed 236% more … Continue Reading
