Press Releases
April Jobs Report: 140,000 Less New Jobs than March
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for April 2024, which showed 175,000 new jobs were created in April, down from 315,000 in March. Chairman Arrington Statement of April Jobs Report: House Budget Committee Chairman Jodey Arrington (R-TX) responds to the worsening job numbers: “It’s no surprise that the job market has slowed, adding 140,000 less jobs in April than the previous month. President Biden’s and Congressional Democrats’ fiscal … Continue Reading
May 01, 2024
Reining in Executive Overreach with Strengthening Administrative PAYGO Act
WASHINGTON, D.C. - Today, House Budget Committee Oversight Task Force Chair Jack Bergman (R-MI), Chairman Jodey Arrington (R-TX), accompanied by all Republican members of the House Budget Committee, introduced the H.R. 8195, Strengthening Administrative PAYGO (SAP) Act of 2024. H.R. 8195 will rein-in unchecked and costly executive actions by clarifying and permanently extending Administrative Pay-As-You-Go (PAYGO), as established by the Fiscal Responsibility Act (FRA) of 2023. Chairman … Continue Reading
May 01, 2024
Federal Reserve Makes No Change to Interest Rates, Meaning Bidenomics is Still Driving Stubbornly High Inflation
WASHINGTON, D.C. - Today, the Federal Open Market Committee (FOMC), the Federal Reserve’s (Fed) committee that meets every six weeks to discuss federal interest rates, announced that there will be no immediate change to interest rates. Chairman Arrington on our Current Economic State: “Democrats and President Biden have made history for all the wrong reasons: record $7 trillion in additional debt, a record number of regulations by a President, and 40-year high inflation. It’s no wonder GDP … Continue Reading
May 01, 2024
House Budget Republicans Seek to Streamline U.S. Defense Spending and Budgeting Process with DoD Watchdog
WASHINGTON, D.C. - Today, House Budget Committee Members, led by House Budget Committee Oversight Task Force Chair Jack Bergman (R-MI), convened a roundtable discussion focused on streamlining the budgeting process for the Department of Defense (DoD) with the Commission on Planning, Programming, Budgeting, and Execution (PPBE) Reform. Congress established the PPBE Commission on a bipartisan basis—via section 1004 of the “Fiscal Year 2022 National Defense Authorization Act” (NDAA)—to … Continue Reading
May 01, 2024
What They Are Saying: H.R. 7032, Congressional Budget Office Data Sharing Act
WASHINGTON, D.C. - On Monday, the House of Representatives unanimously passed H.R. 7032, the “Congressional Budget Office Data Sharing Act,” by a voice vote. This is the second bill of the 118th Congress that maintains sole House Budget Committee jurisdiction to pass the House Floor under suspension. H.R. 7032 will maintain confidentiality, provide much-needed clarity to the Congressional Budget Office’s (CBO) authority, better safeguard legislative intent, and implement new reporting … 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
The Congressional Budget Office Data Sharing Act Passes the House
WASHINGTON, D.C. - Today, the House of Representatives passed H.R. 7032, the bipartisan Congressional Budget Office Data Sharing Act, by voice vote. This is the second time this year that legislation with sole House Budget Committee jurisdiction was considered and passed by the House. Chairman Arrington and Ranking Member Boyle Statements on Passage: Chairman Arrington lauded the passage of the CBO Data Sharing Act: “The first step to getting our fiscal house in order is to have timely and … 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 26, 2024
Bureau of Economic Analysis: PCE Inflation Rose to 2.7 Percent in March
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 to 2.7 percent for the month of March. This is an increase from February’s 2.5 percent. Chairman Arrington on PCE: House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on the PCE rising 2.7 percent in March: “Today, the Bureau of Economic Analysis (BEA) reported that … Continue Reading
April 25, 2024
Bureau of Economic Analysis: GDP Growth for Q1 was 1.6 Percent, Well Below Forecasts
WASHINGTON, D.C. - Today, the Bureau of Economic Analysis (BEA) reported that U.S. Gross Domestic Product (GDP) grew by just 1.6 percent in Quarter 1, 2024. This is well below estimates from market watchers, with some forecasting as high as 2.9 percent. Chairman Arrington's Statement on GDP Growth for Q1: House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on GDP growth for Q1: “Today, GDP growth for the first quarter came in at a shockingly low 1.6 … Continue Reading
April 24, 2024
Chairman Arrington Responds to American Action Forum (AAF) Report: Biden’s Regulations Costing Nearly $1.4 Trillion
WASHINGTON, D.C. - Yesterday, the American Action Forum (AAF) released a report that shows since taking office, President Biden’s agency rulemakings have cost the federal taxpayer $1.37 trillion and counting. House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on the cost of President Biden’s regulations: “President Biden is on track to impose more regulatory cost on our economy than any President in history, adding $1.4 trillion since coming to office. This … Continue Reading
April 23, 2024
GAO Confirms Biden Administration Spends Border Security Funds on Environmental Agenda
Washington, D.C. - In November of 2023, House Budget Committee Chairman Arrington (R-TX) and Oversight Task Force Chair Congressman Bergman (R-MI) sent a letter to the Government Accountability Office (GAO) seeking clarity on whether the Biden Administration violated the Impoundment Control Act of 1974 by blocking the use of fundsintended to continue construction and secure the border wall. On April 22, 2024, GAO issued its response. Background - From the Report: Congress appropriated … Continue Reading
April 19, 2024
Chairman Arrington Offers Amendment at the House Rules Committee to Fully Offset the Cost of National Security Supplemental and Restore Fiscal Responsibility
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) offered an amendment at the House Rules Committee hearing on H.R. 8034, 8035, 8036, and 8038 to the 21st Century Peace Through Strength Act. His amendment would have fully offset the cost of these bills, contributed at least $50 billion to deficit reduction, and helped restore fiscal responsibility. Ultimately, the amendment was not advanced by the Rules Committee for consideration on the House Floor due to … Continue Reading
April 18, 2024
Biden’s Student Loan Scheme: Breaking Down the Costs of the President’s Loan ‘Forgiveness’ Plans
WASHINGTON, D.C. - President Biden pledged to cancel student loan debts for millions of Americans during his campaign for President. Since taking office, his Administration has made several attempts to ram through legally questionable policies, trying to spend an unprecedented $1 trillion on student loan “forgiveness.” The Biden Administration’s unilateral actions have been numerous and far-reaching. The House Budget Committee continues to Sound the Alarm and uncover the full scope of Biden’s … 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 16, 2024
Chairman Arrington Responds to Biden’s New Student Loan ‘Forgiveness’ Scheme
WASHINGTON, D.C. - Today, the Department of Education released its first set of draft rules for President Biden’s next attempt to cancel student loan debt. Under these plans, more than 30 million borrowers would see some, or all, of their student loans cancelled, with the cost being shifted onto taxpayers. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement regarding the most recent Biden student loan bailout: “Here we go again: President Biden is … Continue Reading
April 16, 2024
House Budget Committee Republicans Meet with Federal Reserve Chair, Discuss Importance of Sound Monetary Policy
WASHINGTON, D.C. - Today, House Budget Committee Republicans met with the Chair of the Board of Governors of the Federal Reserve System, Jerome Powell. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement about the meeting: “House Budget Committee members understand that our nation’s fiscal health is a combination of a strong balance sheet and a growing economy. We had a wide-ranging, substantive discussion with Chairman Powell about how monetary policy … Continue Reading
April 12, 2024
Biden’s Botched Student Aid Rollout: Education and Workforce Committee Joins in Sounding the Alarm
WASHINGTON, D.C. - On Wednesday, the House Committee on Education and Workforce Subcommittee on Higher Education and Workforce Development held a hearing examining the Biden Administration’s continual blunders in the rollout of their new Free Application for Federal Student Aid (FAFSA) process.In the hearing, subcommittee Chair Burgess Owens (R-UT) and members of the Higher Education and Workforce Development Subcommittee discussed topics long echoed by the House Budget Committee: the Biden … Continue Reading
