United States House Committee On The Budget
Recent News About United States House Committee On The Budget
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Bipartisan act targets redundancy in federal reporting requirements
The House of Representatives recently approved H.R. 5301, known as the Eliminate Useless Reports Act of 2023, through a voice vote.
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Trump forms Department of Government Efficiency led by Musk and Ramaswamy
President Trump has announced the creation of a new entity, the Department of Government Efficiency (DOGE), aimed at eliminating wasteful spending across federal agencies.
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Chairman Arrington criticizes October jobs report citing impact on native-born workers
The Bureau of Labor Statistics (BLS) released its October 2024 jobs report, revealing the creation of 12,000 new jobs.
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Chairman Arrington discusses economic issues on Fox Business
House Budget Committee Chairman Jodey Arrington appeared on Fox Business' Coast to Coast with guest host David Asman.
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U.S. GDP grows by 2.8% in Q3; political responses vary
The Bureau of Economic Analysis (BEA) has published its initial estimate for the United States' economic growth in the third quarter of 2024.
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Committee leaders criticize new social security rules costing taxpayers nearly $40 billion
Four finalized rules from the Social Security Administration have drawn criticism from key Republican committee leaders, who argue that these measures represent an expansion of federal power by the Biden-Harris Administration at a significant cost to taxpayers. The letter, penned by House Budget Committee Chairman Jodey Arrington, House Ways and Means Chairman Jason Smith, Work and Welfare Subcommittee Chairman Darin LaHood, Social Security Subcommittee Chairman Drew Ferguson, and House Budget Committee Oversight Task Force Chair Jack Bergman, was addressed to Social Security...
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Leading Economic Index drops again; House Budget Chair criticizes current administration
The Conference Board has released its Leading Economic Index (LEI) report for September 2024, revealing a decline of 0.5 percent to 99.7. This follows a 0.3 percent decrease in August and marks a continued downward trend over the past year. From March to September 2024, the LEI fell by 2.6 percent, which is greater than the previous six-month decline of 2.2 percent from September 2023 to March 2024.
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CBO analysis questions impact of expanded SNAP benefits on workforce
The Congressional Budget Office (CBO) has released an analysis on the impact of the Biden-Harris Administration's expansion of the Supplemental Nutrition Assistance Program (SNAP), revealing a potential decrease in labor force participation. The report, requested by House Budget Committee Chairman Jodey Arrington, estimates that the Thrifty Food Plan (TFP) increase could cost $300 billion over the next decade and may discourage work among benefit recipients.
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Swing state voters express concern over national debt
The Peter G. Peterson Foundation has released a report indicating that voters in key swing states view the rising national debt as a significant issue in the upcoming presidential campaign. The survey highlights that over 90 percent of voters from Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin believe it is crucial for presidential candidates to present a plan addressing the national debt.
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Chairman Arrington discusses deficit offsetting strategies on Fox Business
House Budget Committee Chairman Jodey Arrington recently appeared on Fox Business with Larry Kudlow and Michael Faulkender, chief economist at the America First Policy Institute. The discussion centered around President Trump's economic plan, efforts to balance the budget, and criticisms of the Biden-Harris administration's economic policies.
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Chairman Arrington discusses US budget deficit concerns on CNBC
House Budget Committee Chairman Jodey Arrington appeared on CNBC's "Squawk Box" to express concerns about the United States' $1.8 trillion budget deficit. He emphasized the challenges of reducing government spending and highlighted the importance of President Trump's proposed government efficiency commission.
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CBO report highlights third highest deficit under Biden-Harris administration
The Congressional Budget Office (CBO) has released its final monthly budget review for the fiscal year 2024, highlighting significant economic challenges under the Biden-Harris Administration. The report indicates that both revenues and spending have increased compared to last year, yet the widening gap between them has led to a substantial rise in national debt.
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Medicaid costs rise as CBO reports $16.2 billion spent on emergency care for illegal aliens
The Congressional Budget Office (CBO) has released an analysis detailing the financial impact of Vice President Kamala Harris' border policies on Medicaid spending. According to the CBO, the cost to federal and state taxpayers for providing Medicaid-funded emergency services to illegal aliens has exceeded $16.2 billion since the Biden-Harris Administration took office. This represents a 124% increase compared to similar expenditures during the Trump Administration.
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Biden-Harris Medicare policy faces scrutiny over projected $21 billion taxpayer cost
The Congressional Budget Office (CBO) has released an analysis of a new program by the Biden-Harris administration aimed at addressing issues related to the Inflation Reduction Act (IRA). According to the CBO, this initiative, which seeks to reduce seniors' Part D premiums, is projected to cost taxpayers at least $7 billion in 2025. Over three years, the program could potentially cost more than $21 billion.
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President Biden signs H.R. 7032 into law expanding CBO's data access
Today, President Biden signed H.R. 7032, the Congressional Budget Office (CBO) Data Sharing Act, into law. This bipartisan legislation, supported by Budget Committee Chairman Jodey Arrington (R-TX) and Ranking Member Brendan Boyle (D-PA), marks the first House Budget Committee bill to become law with unanimous congressional support.
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House Budget Committee reviews six bills aimed at reforming Congressional Budget Office
Yesterday, the House Budget Committee, led by Chairman Jodey Arrington (R-TX), held a markup session to discuss six bills aimed at improving the Congressional Budget Office's (CBO) practices and operations.
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Chairman Arrington addresses CBO reform bills at House Budget Committee markup
House Budget Committee Chairman Jodey Arrington (R-TX) delivered opening remarks today at the markup of six bills aimed at improving the Congressional Budget Office (CBO).
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Consumer confidence declines sharply in September
Today, The Conference Board released its report on the Consumer Confidence Index for September 2024. The report indicated that overall consumer sentiment declined sharply in September to 98.7 from an upwardly revised 105.6 in August, showing that Americans continue to worry about their financial futures. This marks the largest decline in Consumer Confidence since August 2021 and remains well below pre-Covid levels.
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Chairman Arrington requests CBO analysis on Medicaid costs for illegal aliens
House Budget Committee Chairman Jodey Arrington has formally requested an analysis from the Congressional Budget Office (CBO) on Medicaid spending for illegal aliens under the Biden-Harris Administration. In a letter addressed to CBO Director Phillip Swagel, Arrington asked for data on Medicaid expenditures related to emergency services for illegal aliens from Fiscal Year 2017 to Fiscal Year 2023.
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House Budget Committee examines fiscal impact of Biden-Harris energy policies
On September 20, 2024, the House Budget Committee, chaired by Jodey Arrington (R-TX), convened a hearing titled "The Cost of the Biden-Harris Energy Crisis" to examine the financial impacts of current energy policies.