Press Releases
Chairman Arrington Reacts to January Inflation Report
WASHINGTON, D.C. - Today, Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) report for January showed a continued persistence in inflation despite declining on a yearly basis: “The Republican-led debt ceiling deal forced Democrats to agree to two important reforms for reducing record inflation: spending cuts and work requirements for welfare recipients. When Republicans fight to restore fiscal responsibility, our economic outlook … Continue Reading
February 08, 2024
WHAT THEY’RE SAYING: Budget Members Sound the Alarm on CBO Budget Baseline
Yesterday, the nonpartisan Congressional Budget Office (CBO) released their February 2024 Budget Baseline for FY2024-2034, analyzing America’s fiscal trajectory. According to CBO, the gross federal debt is on track to grow by $20 trillion in just ten years, reaching a staggering $54.4 trillion. The government is also expected to spend $82.7 trillion over ten years, including $51 trillion in mandatory spending alone. Click HERE to see more topline numbers from CBO’s baseline and below … Continue Reading
February 07, 2024
CBO 2024 Baseline: The Baseline and Interest Costs
February 07, 2024
CBO 2024 Baseline: The Baseline and Trust Funds
February 07, 2024
CBO 2024 Baseline: The Baseline and Revenues
February 07, 2024
CBO 2024 Baseline: The Baseline and Spending
February 07, 2024
CBO 2024 Baseline: Deficits and Debt
February 07, 2024
CBO 2024 Baseline: Corrections to Previous Baselines
February 07, 2024
CBO 2024 Baseline: The Baseline and the Border Crisis
February 07, 2024
CBO 2024 Baseline: Comparing May 2023 and February 2024
February 07, 2024
CBO 2024 Baseline: Topline Summary
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
February 06, 2024
CBO 2024 Baseline: Reading the Fiscal Tea Leaves
Deficits Running Higher than CBO last Projected: The baseline details the Congressional Budget Office’s (CBO) projections for spending, revenue, deficits, debt, the economy, and specific federal programs and policies for the ensuing 10-year budgetary window. To that end, on February 7, 2024, CBO will publish its newest projections, “The Budget and Economic Outlook: 2024 to 2034.” CBO published its last update to the federal budget outlook nine months ago in May 2023. The report projected … Continue Reading
February 05, 2024
House Budget Committee to Hold Markup of Bills H.R. 766, H.R. 7032, and H.R. 5301
WASHINGTON, D.C. - On Tuesday, February 6th, Chairman Jodey Arrington (R-TX) and Members of the House Budget Committee will hold a markup of: H.R. 766, Preventive Health Savings Act Led by Representatives Burgess (R-TX) and DeGette (D-CO)H.R. 7032, Congressional Budget Office Data Sharing Act Led by Representatives Boyle (D-PA) and Chairman Arrington (R-TX)H.R. 5301, Eliminate Useless Reports Act of 2023 Led by Representatives Garcia (D-CA) and Grothman (R-WI) The markup is scheduled to … Continue Reading
February 05, 2024
CBO 2024 Baseline: Understanding the Baseline
What is the CBO Baseline? The Congressional Budget and Impoundment Control Act of 1974 (Budget Act) requires the Congressional Budget Office (CBO) to annually provide a Budget and Economic Outlook to the House and Senate Budget Committees; commonly known as the CBO baseline. The CBO baseline is updated each year and helps Congress understand the Nation’s fiscal and economic challenges. CBO will release the updated baseline on Wednesday, February 7, 2024. Generally, the CBO baseline … Continue Reading
February 05, 2024
BIDEN'S BUDGET BUST: Biden's Budget Misses 2024 Deadline
Under the Congressional Budget Act of 1974, President Biden is required to submit his FY25 budget request to Congress today, February 5, 2024. However, the administration has signaled the President’s FY25 budget proposal will be released March 11, 2024 - 35 days late. See below for a recap of last year’s Biden budget bust to see what we have to look forward to in T-minus 35 days. By the Numbers: Last year, President Biden’s FY 2024 budget request had the highest sustained levels of taxes, … Continue Reading
February 05, 2024
Arrington, Bergman Investigate Mismanagement of Pandemic-Era Unemployment Insurance
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) and the entire Oversight Task Force, led by Rep. Jack Bergman (R-MI), sent an investigative letter to the Department of Labor (DOL) and the agency’s Office of Inspector General (OIG) outlining concerns around the OIG’s report on the mismanagement of pandemic Unemployment Insurance (UI) funds. Background: Originally authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020, … Continue Reading
January 31, 2024
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
