Press Releases
Currently showing results related to Budget
Chairman Arrington Statement on CBO Data Breach
WASHINGTON, D.C.—Today, House Budget Chairman Arrington released the following statement on the Congressional Budget Office’s data breach. "A complex foreign actor perpetrated a cyber attack on the Congressional Budget Office (CBO). The House Budget Committee is working closely with CBO, the House Chief Information Officer, and others to monitor the situation, ensure it’s contained, and mitigate any adverse effects of the … Continue Reading
January 27, 2025
House Budget Committee Members Show Unified Support for 119th Congress Budget Goals
WASHINGTON, D.C. - As the new Congress officially starts, House Budget Committee members have begun to fight for the common goal of reining in reckless spending and restoring fiscal sanity back in Washington. For too long, inflationary spending at the hands of Democrats has increased the financial burdens placed on American families. Read House Budget Committee member's goals for the 119th Congress below: Chairman Arrington Statement: Rep. Ralph Norman (SC-05) Statement: Vice Chair … Continue Reading
October 10, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss Offsetting the $1.8 Trillion Deficit and Reining in Out-of-Control Spending
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow and chief economist at America First Policy Institute (AFPI) Michael Faulkender to talk about President Trump’s economic plan, balancing the budget, and the Biden-Harris’s failed economic policies. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on President Trump's Economic Plan: “We have a blueprint to put the … Continue Reading
October 09, 2024
Chairman Arrington Joins Squawk Box to Sound the Alarm on America’s $1.8 Trillion Budget Deficit
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “Squawk Box” on CNBC to sound the alarm on America’s unsustainable $1.8 trillion budget deficit, discuss the challenge the government faces in reducing wasteful spending, and stress the dire need for President Trump’s proposed government efficiency commission. Watch Chairman Arrington’s full interview on CNBC HERE. Find highlights of key moments below: Chairman Arrington on the Deficit: "At some … Continue Reading
October 08, 2024
KAMALANOMICS IS FAILING: New CBO Report Shows Record High Spending, Interest Costs
WASHINGTON, D.C. - Today, the non-partisan Congressional Budget Office (CBO) released its final monthly budget review for the fiscal year 2024. This report underscores the economic hardship incurred underneath the Biden-Harris Administration has resulted in the third highest deficit in American history. According to the report, both revenues and spending are higher than last year. However, the gap between the two has widened, substantially growing our national debt. Some key number breakdowns … Continue Reading
September 30, 2024
President Biden Signs H.R. 7032, the CBO Data Sharing Act Into Law
WASHINGTON, D.C. - Today, the President signed H.R. 7032, the Congressional Budget Office (CBO) Data Sharing Act, into law. This bipartisan legislation, championed by Budget Committee Chairman Jodey Arrington (R-TX) and Ranking Member Brendan Boyle (D-PA), is the first-ever House Budget Committee bill to become law with unanimous support from Congress. This legislation will expand the CBO’s authority to request and receive data from executive branch agencies while safeguarding sensitive … Continue Reading
September 26, 2024
House Budget Committee Reports Six Congressional Budget Office Reform Initiatives Favorably to the House
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) and members of the Committee held a markup of six bills to improve the practices and operations of the Congressional Budget Office (CBO). The bills under consideration include: H.R. 9716, the "Increasing Baseline Updates Act." Sponsor: Rep. Blake Moore (R-UT). This bill would require CBO to produce at least two baseline updates per year, including at least one update with economic data, ensuring … Continue Reading
September 25, 2024
Chairman Arrington Delivers Opening Remarks at Markup of Congressional Budget Office Reform Bills
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks at the markup of six bills that aim to improve the Congressional Budget Office (CBO). Those bills are: H.R. 9716, the “Increasing Baseline Updates Act” H.R. 9751, the “Executive Action Cost Transparency Act” H.R. 9714, the “CBO Oversight Act” H.R. 9711, the “Congressional Budget Office Scheduling Reform Act” H.R. 8068, the “Stop the Baseline Bloat Act of 2024” H.R. 9686, the … Continue Reading
September 18, 2024
Chairman Arrington Statement on Federal Reserve Interest Rate Cut
WASHINGTON, D.C. - Today, the Federal Open Market Committee (FOMC), the Federal Reserve's (Fed) committee that decides the future path of interest rates, announced a 0.5 point reduction in the federal funds rate. Chairman Arrington on Our Current Economic State: House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on our current economic state: “The Federal Reserve’s activist monetary policies along with the Biden-Harris’ reckless spending were the Molotov … Continue Reading
September 10, 2024
KAMALANOMICS: What Does Vice President Kamala Harris Truly Believe?
WASHINGTON, D.C. - During her tenure as a United States Senator, Kamala Harris supported and advocated for the implementation of economic policies that would decimate America’s workforce and torpedo the economy. Fast forward to the recently unveiled Harris-Waltz economic proposal, Vice President Harris continues to advocate in favor of policies that would further stifle American prosperity. The Penn Wharton Budget Model analyzed the Harris-Walz economic plan and reported some alarming … Continue Reading
August 17, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss the Effects of the Democrats’ ‘Inflation Reduction Act’
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow’s Show on Fox Business to talk about the damaging effects of the Democrats’ so-called ‘Inflation Reduction Act’ (IRA) and how to rein in the federal government’s wasteful spending. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Effects from Inflation Reduction Act: "Let’s [Biden-Harris Administration] put the … Continue Reading
July 29, 2024
DON’T CALIFORNIA MY AMERICA: The Cost of California Policymaking
WASHINGTON, D.C. - Last week, President Joe Biden announced he is not seeking another four years in office and intends to pass the torch to his Vice President and Open-Border Czar, Kamala Harris, a Democrat from California. We often hear that California, if it was its own country would rank 5th in GDP. That’s why California’s policy blunders are particularly damaging. Understanding these failures is crucial if we are to avoid making similar mistakes on the national level. Their progressive … Continue Reading
July 11, 2024
Op-Ed, Washington Examiner: The Debt and Interest Albatross
WASHINGTON, D.C. - House Budget Committee Member Blake Moore (R-UT) is Sounding the Alarm on the fastest-growing part of our national debt: interest payments. Congressman Moore outlined hidden interest in an article in the Washington Examiner, highlighting how it is now the largest contributor to our national debt- exceeding infrastructure, education, healthcare, and national defense spending. Congressman Moore in the Washington Examiner: Via the Washington Examiner: “As we celebrated … Continue Reading
July 10, 2024
Congressional Budget Office Releases Monthly Budget Review: Federal Deficit Reaches $1.3 Trillion for First Nine Months
WASHINGTON, D.C. - Yesterday, the Congressional Budget Office (CBO) released the monthly budget review for June 2024. According to the report, overall spending, after adjusting for timing shifts, is up 7 percent at $320 billion and revenues are up 10 percent at $342 billion, when compared to the same point last year. Interest spending has increased by 40 percent at $201 billion compared to the same point last year. Some key number breakdowns: Topline Takeaways from CBO's Monthly Budget … Continue Reading
June 28, 2024
House Budget Committee Health Care Task Force Examines Budgetary Effects of Increasing Patient Access to Cell and Gene Therapies
WASHINGTON, D.C. - Today, House Budget Committee Health Care Task Force (HCTF) Chair Michael C. Burgess M.D. (R-TX) led a roundtable titled “Paying for 21st Century Cures: Examining the Budgetary Effects of Increasing Patient Access to Cell and Gene Therapies.” Innovative, potentially curative cell and gene therapies are becoming available to patients, with many more in the development pipeline. High upfront costs of these new therapies present unique budgetary challenges to federal and state … Continue Reading
June 27, 2024
FACT CHECK ALERT: Debunking CRFB’s Analysis of Trump and Biden Impacts on the National Debt
WASHINGTON, D.C. - This week, the Committee for a Responsible Federal Budget (CRFB) released a report entitled, “Trump and Biden: The National Debt.” The CRFB’s report attempts to compare the fiscal impact of the policies of the current Administration with the policies of the previous Administration, yet fails to accurately capture the total cost incurred by both presidencies. The CRFB’s report: Ignores the track record of increasing revenues following passage of TCJA; Omits the full … Continue Reading
June 27, 2024
House Budget Committee Holds Roundtable to Assess Implications of AI for the U.S. Economy and the Government
WASHINGTON, D.C. - Today, House Budget Committee members held a roundtable titled “The Age of Artificial Intelligence: Implications for the U.S. Economy and Government.” The Committee welcomed Andrew McAfee, a principal research scientist at the MIT Sloan School of Management, and Jason Payne, Chief Technology Officer for Microsoft Federal, to speak to members of the committee about the impacts of artificial intelligence (AI) on the U.S. economy and its potential uses to improve government … Continue Reading
June 18, 2024
Congressional Budget Office Updates Baseline: Deficit Spending is 27 Percent Higher Than Previously Estimated
WASHINGTON, D.C. - Today, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2024-2034. This is an update to its February baseline. CBO’s report helps Congress understand the fiscal and economic challenges facing the country. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on CBO’s updated baseline: “CBO’s June revised baseline could be the final budget outlook of fiscal year 2024 and its findings are … Continue Reading
June 12, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss the Importance of Smart Fiscal Policies
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Larry Kudlow’s Show on Fox Business. Chairman Arrington joined Kudlow and Author Steve Moore to talk about the burden of high taxes on the American people. Watch Chairman Arrington's full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Eliminating Taxes on Tips: “I think what the American people need, especially working families suffering under this … Continue Reading
June 07, 2024
Chairman Arrington Joins Neil Cavuto’s Coast to Coast to Discuss President Biden’s Failed Leadership & Broken Promises
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Neil Cavuto’s Coast to Coast on Fox Business to discuss President Biden’s lack of accountability toward Ukraine aid and his failed attempt at securing our Southwest border. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on Foreign Aid Support Package: “Well, I think it's true, we should unite as an alliance of freedom loving … Continue Reading
