United States House Committee On The Budget
Recent News About United States House Committee On The Budget
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Chairman Arrington requests comprehensive analysis on border crisis costs from CBO
House Budget Committee Chairman Jodey Arrington (R-TX) has submitted a letter to Congressional Budget Office (CBO) Director Phillip Swagel, requesting a comprehensive analysis of the budgetary effects of the border crisis. This request follows a House Budget Committee hearing titled "The Cost of the Border Crisis," where members examined the fiscal implications of President Biden's open border policies.
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Trump tax cuts benefited economy despite CBO's predictions, say House Chairmen
House Budget Committee Chairman Jodey Arrington (R-TX) and Ways and Means Committee Chairman Jason Smith (R-MO) have criticized the Congressional Budget Office's (CBO) latest Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget. The report includes an estimation of the budgetary and economic impact of making the 2017 Trump tax cuts permanent.
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Border Crisis Hearing Reveals $150 Billion Cost of Illegal Immigration
Washington, D.C. – Today, Chairman Jodey Arrington (R-TX) delivered his opening remarks at the hearing, “The Cost of the Border Crisis”, highlighting the importance of border security and the fiscal implications of President Biden’s failed border policies.
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House Budget Committee to Hold Hearing on 'The Cost of the Border Crisis' on May 8, 2024
On Wednesday, May 8, 2024, Chairman Jodey Arrington (R-TX) and members of the House Budget Committee will convene a hearing entitled “The Cost of the Border Crisis.” Witnesses include Julie Kirchner, Executive Director, Federation for American Immigration Reform, Ammon Blair, Senior Fellow, Texas Public Policy Foundation’s “Secure and Sovereign Texas” Initiative, Brent Smith, Kinney County Attorney, Texas, and David Bier, Director of Immigration Studies, Cato Institute. The public can view the hearing via live webcast. After the hearing, Chairman Arrington will hold a media...
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Fox Business: Chairman Arrington Discusses Looming Insolvency of Social Security, Medicare, and the Upcoming Hearing on the Cost of the Border Crisis
House Budget Committee Chairman Jodey Arrington (R-TX) recently addressed the looming insolvency of Social Security and Medicare, along with the upcoming hearing on the cost of the border crisis in an interview with Fox Business's Cavuto: Coast to Coast.
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Social Security and Medicare Face Insolvency Challenges, Prompting Calls for Bipartisan Action
The Social Security and Medicare Trustees annual reports were submitted to Congress, revealing the financial challenges ahead for the programs that support millions of seniors. House Budget Committee Chairman Jodey Arrington expressed concerns about the situation, emphasizing the need for a bipartisan approach to address the looming insolvency.
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Chairman Arrington Joins Fox News to Discuss the Cost of the Border Crisis
House Budget Committee Chairman Jodey Arrington recently appeared on Fox News to discuss the upcoming hearing titled “The Cost of the Border Crisis.” During his interview, Chairman Arrington highlighted the staggering financial implications of the ongoing border situation in the United States.In the interview, Chairman Arrington emphasized the significant financial toll the border crisis is taking on the country, stating, “We're borrowing $100,000 a second, $8 billion a day. We're borrowing $2 trillion a year just to fund this federal government that continues to grow and...
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Budget Committee to Introduce Legislation to Rein-In Improper Payments
WASHINGTON, D.C. – Today, the House Budget Committee unveiled plans for a legislative initiative aimed at curbing improper payments within the federal government. House Budget Committee Chairman Jodey Arrington (R-TX) emphasized the urgency of addressing wasteful spending in a recent op-ed titled “It’s Time to Stop Talking and Start Acting on Fraud and Improper Payments.”In his article, Chairman Arrington stressed the importance of combatting improper payments to improve fiscal responsibility, stating, "Every dollar lost to improper payments and fraud represents a theft...
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April Jobs Report: 140,000 Less New Jobs than March
WASHINGTON, D.C. – Today, the Bureau of Labor Statistics (BLS) released its jobs report for April 2024, which showed 175,000 new jobs were created in April, down from 315,000 in March.In response to the worsening job numbers, House Budget Committee Chairman Jodey Arrington (R-TX) stated, "It’s no surprise that the job market has slowed, adding 140,000 less jobs in April than the previous month. President Biden’s and Congressional Democrats’ fiscal policies and reckless spending have stalled the economy. Inflation is on the rise, GDP growth is significantly lower than...
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Reining in Executive Overreach with Strengthening Administrative PAYGO Act
WASHINGTON, D.C. – Today, House Budget Committee Oversight Task Force Chair Jack Bergman (R-MI), Chairman Jodey Arrington (R-TX), accompanied by all Republican members of the House Budget Committee, introduced the H.R. 8195, Strengthening Administrative PAYGO (SAP) Act of 2024. H.R. 8195 will rein-in unchecked and costly executive actions by clarifying and permanently extending Administrative Pay-As-You-Go (PAYGO), as established by the Fiscal Responsibility Act (FRA) of 2023.Chairman Arrington emphasized the importance of the SAP Act, stating, “The SAP Act locks into law...
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House Budget Republicans Push for Streamlining U.S. Defense Spending with DoD Watchdog
House Budget Committee Chairman, Jodey Arrington, emphasized the importance of streamlining the Department of Defense budgeting process, stating, "When America is strong, the world is safe — and in an increasingly dangerous and unstable world, it has never been more important for our military to project strength."Task Force Chair Jack Bergman echoed this sentiment, highlighting the need for modernization in defense budgeting, saying, "As America’s foreign adversaries continue to grow and evolve at a rapid pace, so too must our ability to budget and plan for emerging...
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Federal Reserve Makes No Change to Interest Rates, Meaning Bidenomics is Still Driving Stubbornly High Inflation
WASHINGTON, D.C. – Today, the Federal Open Market Committee (FOMC), the Federal Reserve’s (Fed) committee that meets every six weeks to discuss federal interest rates, announced that there will be no immediate change to interest rates.Chairman Arrington expressed concerns about the current economic state under the Biden Administration, stating, “Democrats and President Biden have made history for all the wrong reasons: record $7 trillion in additional debt, a record number of regulations by a President, and 40-year high inflation. It’s no wonder GDP growth is stalling,...
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Support for H.R. 7032: Congressional Budget Office Data Sharing Act
WASHINGTON, D.C. – The House of Representatives unanimously passed H.R. 7032, the “Congressional Budget Office Data Sharing Act,” marking a significant step in improving data access and transparency within the legislative process. The bill aims to enhance the Congressional Budget Office’s (CBO) authority, safeguard legislative intent, and introduce new reporting requirements.According to CBO Director Phillip Swagel, enacting the bill will provide CBO with better and more timely access to data, thereby enhancing the precision of its work and allowing Congress to make more...
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Consumer Confidence Plummets to Lowest Level Since July 2022, Reflecting Economic Concerns
WASHINGTON, D.C. – The Conference Board's latest report has revealed a concerning trend in consumer sentiment for April 2024. The report, titled "Consumers More Pessimistic About Future Business Conditions, Jobs, and Income," highlighted a significant drop in consumer confidence, marking its lowest level since July 2022.According to the report, consumer sentiment plummeted by 6.1 points from 103.1 to 97 in April, resulting in a third consecutive monthly decline. This decline is attributed to prevailing concerns about business conditions, job prospects, and income levels...
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Chairman Arrington Urges Immediate Action to Combat Improper Payments and Fraud in Government Spending
WASHINGTON, D.C. – House Budget Committee Chairman Jodey Arrington (R-TX) has called for urgent action to address the rampant issue of improper payments and fraud within government spending. In an op-ed for The Hill, Chairman Arrington emphasized the pressing need to tackle wasteful and erroneous expenditures that continue to burden American taxpayers.Reflecting on the persistent problem of financial mismanagement, Chairman Arrington highlighted a recent Government Accountability Office (GAO) report, which revealed staggering losses of taxpayer dollars ranging from $233...
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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 of the House Budget Committee praised the passage of the CBO Data Sharing Act, emphasizing the importance of timely and accurate cost-benefit analysis regarding legislation. He expressed gratitude towards Ranking Member Boyle for leading on this bipartisan reform and fixing...
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Chairman Arrington and Oversight Task Force Chairman Bergman Call for Implementation of Administrative PAYGO
WASHINGTON, D.C. – Today, House Budget Committee Chairman Jodey Arrington (R-TX) and Oversight Task Force Chairman Jack Bergman (R-MI) have raised concerns regarding the implementation of Administrative Pay-As-You-Go (PAYGO) provisions. In a letter addressed to the Office of Management and Budget (OMB) Director Shalanda Young, the lawmakers expressed their worries over the Administration's handling of the Fiscal Responsibility Act (FRA) of 2023.The House Budget Committee Republicans emphasized the importance of fiscal responsibility in the face of a growing debt crisis,...
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House Committee Seeks Investigation into Obamacare Program Impact on Federal Budget
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) have requested an investigation into the Obamacare program's impact on federal deficits.The House Budget Committee's Health Care Task Force expressed concerns about the Center for Medicare and Medicaid Innovation (CMMI), stating that it has not fulfilled its intended purpose. They pointed out that CMMI, established under Obamacare to save taxpayer money and enhance care quality, has failed to deliver on...
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President Biden’s Executive Actions Have Cost Taxpayers Over $2 Trillion
In a recent development, it has been revealed that President Biden's executive actions have led to a staggering expenditure of over $2 trillion, all without the explicit approval of Congress. This significant spending spree by the Biden Administration has sparked concerns regarding the need for enhanced oversight and transparency within the Executive Branch.A thorough review conducted by the House Budget Committee shed light on the various executive actions proposed and implemented by President Biden, each carrying substantial costs and implications for American...
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Bureau of Economic Analysis: PCE Inflation Rose to 2.7 Percent in March
WASHINGTON, D.C. – Today, the Bureau of Economic Analysis (BEA) reported that the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose to 2.7 percent for the month of March. This is an increase from February’s 2.5 percent.House Budget Committee Chairman Jodey Arrington (R-TX) expressed concern over the recent inflation numbers, stating, "Today, the Bureau of Economic Analysis (BEA) reported that inflation, as measured by the Personal Consumption Expenditures (PCE) price index, rose by an alarming 2.7 percent....