Press Releases
Currently showing results related to Inflation
Chairman Arrington Joins Coast to Coast to Discuss Recent Economic Reports and the Tax Cuts and Jobs Act Expiring
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) joined Neil Cavuto’s Coast to Coast on Fox Business with guest host David Asman to discuss rooting out wasteful spending, extending the Tax Cuts and Jobs Act, and more. Watch Chairman Arrington’s full interview on Fox Business HERE. Find highlights of key moments below: Chairman Arrington on Rooting out Wasteful Spending: “We're paying tens of billions in social services to people who are here illegally. … Continue Reading
October 23, 2024
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
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 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 14, 2024
Inflation Update: Chairman Arrington Statement on July CPI Report
WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on the Consumer Price Index (CPI) report for July, which showed year-over-year inflation at 2.9 percent. Since President Biden and Vice President Harris took office, prices have increased by a total of 19.4 percent. Chairman Arrington on Today's Inflation Report: Chairman Arrington released the following statement on today’s inflation report: "Despite a small improvement in … Continue Reading
July 26, 2024
American Families Still Reeling from the Biden-Harris Administration’s 20 Percent Inflation Tax
WASHINGTON, D.C. - Today the Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index was 2.5 percent for the month of June. Since the Biden-Harris Administration took office, prices have risen nearly 20 percent, with Americans paying nearly $17,000 more per year for the same goods and services. Chairman Arrington's Statement on the PCE Report: House Budget Committee Chairman Jodey Arrington (R-TX) issued the following statement on President … Continue Reading
