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Currently showing results related to Economy
The Conference Board Leading Economic Index: Chairman Arrington Statement on September Report
WASHINGTON, D.C. - Earlier this week, The Conference Board released its Leading Economic Index (LEI) report for September 2024. The report showed that the LEI for the U.S. declined by 0.5 percent, to 99.7, following a 0.3 percent decline in August. These declines are part of a disturbing, yearlong pattern. The LEI fell 2.6 percent over the most recent six-month period, between March and September 2024, which followed a 2.2 percent drop during the previous six-month period (September 2023 to … 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
September 24, 2024
Consumer Confidence: Chairman Arrington Statement on September Report
WASHINGTON, D.C. - Today, The Conference Board released its report on the Consumer Confidence Index for September 2024. The report showed that overall consumer sentiment declined sharply in September to 98.7 from an upwardly revised 105.6 in August, demonstrating that Americans continue to worry about their financial futures. This was the largest decline in Consumer Confidence since August 2021. Consumer Confidence remains well below pre-Covid levels. Chairman Arrington on Consumer … Continue Reading
September 19, 2024
Chairman Arrington Joins Mornings with Maria to Discuss the Biden-Harris Failed Economic and Energy Agenda
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined “Mornings with Maria” on Fox Business to preview the House Budget Committee’s hearing entitled “The Cost of the Biden-Harris Energy Crisis” and this Administration’s failed economic agenda. Watch Chairman Arrington’s full interview on Fox Business HERE. Find highlights of key moments below: Chairman Arrington on Kamala Harris's Economic Agenda: "I'm scared to death that we would give control over … 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
September 06, 2024
Employment Situation: Chairman Arrington Statement on August Jobs Report
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for August 2024, which showed 142,000 new jobs were created in August. Chairman Arrington's Statement on August Jobs Report: House Budget Committee Chairman Jodey Arrington (R-TX) responds to the August jobs numbers: “The Biden-Harris Administration’s tax-and-spend policies have unleashed widespread economic pain throughout our nation, with stubborn inflation and stagnant job growth continuing to plague … Continue Reading
August 27, 2024
Consumer Confidence: Chairman Arrington Statement on August Report
WASHINGTON, D.C. - Today, The Conference Board released its report on the Consumer Confidence Index for August 2024. The report showed that while overall consumer confidence rose, it remained within the narrow range consistent with the past two years. Uneasy markets, continued high interest rates, and stubbornly high prices continue to cloud Americans’ economic futures. Chairman Arrington on Consumer Confidence: House Budget Committee Chairman Jodey Arrington (R-TX) released the following … Continue Reading
August 21, 2024
Chairman Arrington Joins Kudlow on Fox Business to Discuss the Effects of Kamalanomics on Middle-Class Working Families
WASHINGTON, D.C. - Yesterday, House Budget Committee Chairman Jodey Arrington (R-TX) joined Kudlow guest host David Asman and author and economist Steve Moore to talk about the continued effects of Kamalanomics and the weight middle-class Americans have to burden under the Biden-Harris economy. Watch Chairman Arrington’s full interview on Fox Business HERE.Find highlights of key moments below: Chairman Arrington on AOC Claiming Harris is a Middle-Class Champion: “She’s the chief … Continue Reading
August 21, 2024
818,000 Fewer Jobs Added to the Economy than Previously Reported
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its preliminary annual benchmark review of employment data for March 2024. BLS found that there were 818,000 fewer jobs than previously reported. Chairman Arrington Statement: "Based on more comprehensive data released from state unemployment tax records, the Biden Bureau of Labor Statistics acknowledges they were way off on the number of new jobs created between March of 2023 and March of 2024 by almost one million or … 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
August 16, 2024
Chairman Arrington Joins America’s Newsroom on Fox News to Discuss the Second Anniversary of the ‘Inflation Reduction Act’
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Bill Hemmer and Dana Perino’s show America’s Newsroom on Fox News to talk about his Op-Ed on the second anniversary of the Democrats’ ‘Inflation Reduction Act’ (IRA) and Vice President Kamala Harris’ economic policy plans. Watch Chairman Arrington’s full interview on Fox News HERE.Find highlights of key moments below: Chairman Arrington on the 'Inflation Reduction Act': "Vice President Harris was the … Continue Reading
August 05, 2024
Chairman Arrington on the Drop in Financial Markets and the Fiscal Decline of the Biden-Harris Administration’s Economy
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on the drop in financial markets and the fiscal decline of the Biden-Harris Administration’s economy. Chairman Arrington on Fiscal Decline: “The Biden-Harris Administration built this economy out of sticks and straw, and now we are seeing it buckle and break. First, they gave us unbridled spending; next was a barrage of taxes and regulations on American businesses. This led to … Continue Reading
August 02, 2024
July Jobs Report: Unemployment Rate Rises for Fourth Consecutive Month
WASHINGTON, D.C. - Today, the Bureau of Labor Statistics (BLS) released its jobs report for July 2024. The report showed 114,000 new jobs were created in July, 65,000 less than were created in June. The unemployment rate rose for the fourth consecutive month, coming in at 4.3 percent. This is the highest unemployment rate since October 2021. Chairman Arrington Statement on July Jobs Report: House Budget Committee Chairman Jodey Arrington (R-TX) responds to the July jobs numbers: "Policies … Continue Reading
July 31, 2024
Federal Reserve Leaves Interest Rates Unchanged
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 that there will be no immediate change to interest rates, leaving rates at a 23-year high. 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 Biden-Harris experiment in central planning of our economy has … Continue Reading
July 30, 2024
The Conference Board: Consumer Confidence in Current Economic Situation Declines
WASHINGTON, D.C. - Today, The Conference Board released its report on the Consumer Confidence Index for July 2024. The report showed that consumer’s thoughts about the present situation declined. Consumer Confidence remains well below pre-Covid levels, highlighting that Americans are growing increasingly anxious about their financial futures. The decline in The Present Situation Index underscores concern over economic stability and personal financial security. Just yesterday, our country hit … 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 16, 2024
Chairman Arrington on Biden’s Nationalization of Failed Rent Control Policies
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released a statement on President Biden’s plan to implement failed rent control policies nationwide. Chairman Arrington on Rent Control: "Rent control has been a disaster in cities across the country like New York City, causing housing costs to explode, quality to decline, and the construction of badly needed new, affordable homes to plummet. President Biden’s plan to nationalize a policy that has produced … 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
