Press Releases
House Budget Committee to Markup Concurrent Resolution on the Budget for Fiscal Year 2025
WASHINGTON, D.C. - Tomorrow, Thursday, March 7th, Chairman Jodey Arrington (R-TX) and Members of the House Budget Committee will markup the concurrent resolution on the budget for Fiscal Year 2025. DATE: Thursday, March 7th TIME: 10:00 AM LOCATION: 210 Cannon House Office BuildingOur $34 trillion national debt has eclipsed the size of our economy—the largest in the world. Runaway spending and unsustainable debt are the greatest long-term threats to our national security and our children’s … 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 29, 2024
House Budget Health Care Task Force Chair Burgess' Statement on Rare Disease Day
WASHINGTON, D.C. — Today, House Budget Committee Health Care Task Force Chair Michael C. Burgess, M.D. released the following statement in recognition of Rare Disease Day: “Today, Members of Congress are recognizing Rare Disease Day, a day where patient advocates take their critical mission to our nation’s Capital to promote policies to support the millions of Americans impacted by rare diseases and encourage the development of new cures and treatments. To all the patient advocates … Continue Reading
February 28, 2024
Chairman Arrington Introduces Legislation to Eliminate Fraud and Improper Payments in Temporary Assistance for Needy Families (TANF)
WASHINGTON, DC — Last week, House Budget Committee Chairman Jodey C. Arrington reintroduced legislation to ensure states using federal Temporary Assistance for Needy Families (TANF) funds are held to the same program integrity standards as federal agencies. “In order to restore fiscal responsibility in Washington, we must root out the over two hundred billion dollars in wasteful and fraudulent spending every year, this legislation puts controls over states’ distribution of welfare … Continue Reading
February 24, 2024
Chairman Arrington Releases Statement on Biden’s Shameless Disregard for Rule of Law and Fiscal Responsibility on Student Loan Bailouts
WASHINGTON, D.C. - Today, Chairman Jodey Arrington (R-TX) released a statement slamming President Biden for openly circumventing the Supreme Court to push his unconstitutional student loan bailout. Earlier this week, the President said of his debt transfer plan: “the Supreme Court blocked it, but that didn’t stop me.” “President Biden bragging about defying the Supreme Court’s decision on his unconstitutional student loan bailout shows his shameless disregard for rule of law and fiscal … Continue Reading
February 20, 2024
Chairman Arrington Releases Statement on Biden’s Latest Student Loan Bailout Scheme
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement in response to the Biden Administration’s Department of Education (ED) unveiling plans last week for its next widespread student loan bailout scheme: “The Biden administration is at it again. Despite the decision by the Supreme Court declaring their previous $330 billion bailout plan unconstitutional in June 2023 and our nation’s record level of indebtedness exceeding $34 … Continue Reading
February 15, 2024
House Budget Committee Chairman Arrington Delivers Opening Statements in Hearing Titled, “The Congressional Budget Office’s Budget and Economic Outlook”
Click HERE to watch Chairman Arrington’s Opening Statements Opening Statement as Delivered: The bottom line is, on Valentine's Day, when we think about how much we love our significant others, one could ask how much we love the country. How much do we love our childrens’ future in the country? Well, as Shakespeare said, let me count the ways. Maybe the ways we're not loving our country — $20 trillion in additional debt over the next 10 years from $34 trillion record high to $54 … Continue Reading
February 15, 2024
A Tale of Two Deficit Reductions
The recent Congressional Budget Office's (CBO) Budget Outlook underscores that Republicans and Democrats have very different meanings for “deficit reduction.” According to CBO's assessment, the Democrats' Inflation Reduction Act (IRA), initially anticipated to yield a deficit reduction of $58 billion, is now projected to cost an additional $364 billion. This stems from factors including underestimated claims for green tax credits and out-of-control administrative actions by the Biden … 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 13, 2024
House Budget Committee to Hold Hearing Titled “The Congressional Budget Office’s Budget and Economic Outlook”
WASHINGTON, D.C. - On Wednesday, February 14, Chairman Jodey Arrington (R-TX) and members of the House Committee on the Budget will hold a hearing titled "The Congressional Budget Office's Budget and Economic Outlook." DATE: Wednesday, February 14th TIME: 10:00 AMLOCATION: 210 Cannon House Office Building The Congressional Budget Office (CBO) Director Phillip Swagel will appear before the Committee to answer questions on the recent CBO baseline, while also exploring ways to improve … Continue Reading
February 13, 2024
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