Press Releases
Currently showing results related to Budget
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
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
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 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
March 22, 2024
What They Are Saying: Support for House Budget Committee’s Ten-Year, Balanced Budget Continues to Grow
Two weeks ago, the House Budget Committee made history and passed the “Reverse the Curse” budget. This was the first time in a decade that the committee released its budget before the President released his. House Republicans’ ten-year balanced budget reignites economic growth by one percent over the CBO baseline, cuts deficit spending by $14 trillion dollars, and reduces our debt-to-GDP ratio by 40 points, without raising taxes. So far, the “Reverse the Curse” budget is backed by … Continue Reading
March 21, 2024
Chairman Arrington Delivers Opening Statement at Hearing on The President’s Fiscal Year 2025 Budget Request with OMB Director Shalanda Young
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered his opening statement at the hearing, “President’s Fiscal Year 2025 Budget Request,” with United States Office of Management and Budget Director Shalanda Young testifying. Click HERE to watch Chairman Arrington’s Opening Statement. Opening Statement as Delivered: “The President says that budgets are more than just numbers on a ledger; they are a statement of values. They are a vision for this … Continue Reading
March 20, 2024
House Budget Committee to Hold Hearing on The President’s Fiscal Year 2025 Budget Request with OMB Director Shalanda Young
WASHINGTON, D.C. - On Thursday, March 21, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the committee will hold a hearing entitled, “The President’s Fiscal Year 2025 Budget Request.” The United States Office of Management and Budget Director Shalanda Young will appear before the committee to testify on the President’s requests. Thursday’s hearing will focus on administering congressional oversight of the proposed spending within President Biden’s Fiscal Year 2025 … Continue Reading
March 19, 2024
Chairman Jodey Arrington Delivers Statement of Support During Floor Debate on H.R. 766
WASHINGTON D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) spoke on the House Floor in favor of H.R. 766, the Dr. Michael C. Burgess Preventive Health Savings Act. The bill passed by a voice vote. The historic accomplishment marks the first time in history that a bipartisan bill with sole Budget Committee jurisdiction has been brought to the Floor under a suspension of the House rules. Click HERE to watch Chairman Arrington’s Statement. Chairman Arrington’s … Continue Reading
March 15, 2024
Chairman Arrington Discusses Biden’s Four Years of Fiscal Failure on Fox News Radio
WASHINGTON, D.C. - This week, House Budget Committee Chairman Jodey Arrington (R- TX) joined the Guy Benson show with guest host Ross Kaminsky to discuss President Biden’s four years of fiscal failure, how Biden’s climate policies are hurting the economy, House Republicans’ “Reverse the Curse” budget, and more. Some highlights from the discussion are below. Click HERE to listen to Chairman Arrington on Fox News Radio. House Budget Chairman Arrington on Biden’s Four Years of Fiscal … Continue Reading
March 11, 2024
House Budget Chairman Arrington Responds to President’s Budget
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement in response to the release of President Biden’s budget. “Today, President Biden doubled down on his unbridled borrowing and spending along with his failed economic policies including tax hikes on families, small businesses, and domestic energy production, which will worsen inflation, weaken our economy, and push America to the brink of a debt crisis. The Biden budget … Continue Reading
March 07, 2024
Chairman Arrington, Speaker Johnson Release Statements After Fiscal Year 2025 Budget Resolution Passes out of Committee
WASHINGTON, D.C. - Today, Chairman Jodey Arrington (R-TX) released the following statement lauding the passage of the Concurrent Resolution on the Budget for Fiscal Year 2025: “Tonight, the president will read words from a teleprompter, but today House Republicans took action to revive the fiscal state of the union. Words are cheap - it’s actions that matter. And today Republicans acted to address Democrats’ reckless spending and Biden’s failed economic policies. “We advanced a 10-year … Continue Reading
March 07, 2024
Chairman Arrington Delivers Opening Statements at the Markup of the Concurrent Resolution on the Budget
WASHINGTON, D.C. - Today, Chairman Jodey Arrington (R-TX) delivered opening statements at the markup of the concurrent resolution on the budget for fiscal year 2025. Click HERE to watch the Chairman's Opening Statement. Opening Statements as Delivered: “Today we will proceed with consideration of the Fiscal Year 2025 concurrent resolution on the budget. I want to thank the Ranking Member, Mr. Boyle for working with me to develop a structure for this markup that closely follows what has … Continue Reading
March 07, 2024
TODAY: House Budget Committee to Markup Concurrent Resolution on the Budget for Fiscal Year 2025
WASHINGTON, D.C. - Today, Chairman Jodey Arrington (R-TX) released the following statement ahead of today’s markup of the concurrent resolution on the budget: “Today, President Biden will try to convince the American people that the state of the union is good and our lives are better. They will be empty words from a 50-year politician. Political theatre and hollow rhetoric fail to meet this historic and consequential moment in the life of our nation. Meanwhile, Republicans on the Budget … Continue Reading
March 06, 2024
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
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 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 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
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
