Economy

Washington, D.C. – Today, House Budget Chairman Jodey Arrington (TX-19) issued the following statement after the Supreme Court of the United States ruled on the Trump Administration's tariff authority: “I commend President Trump for his urgency and vigilance in establishing a level playing field for our farmers, manufacturers, and workers while also protecting our national… Read more »

Washington, D.C. – Today, House Budget Chairman Jodey Arrington (TX-19) released the following statement after the Bureau of Labor Statistics released the Consumer Price Index (CPI) report for January 2026, which shows inflation at 2.4 percent, down from 2.7 percent in December. Gas prices also dropped 3.2 percent in the month of January: “Let’s put the affordability… Read more »

  U.S. Rep. Arrington secures $30M in funding for Texas Tech, West Texas By Mateo Riles February 9, 2026 AS SEEN IN THE LUBBOCK AVALANCHE-JOURNAL U.S. Rep.… Read more »

Washington, D.C. – Today, House Budget Chairman Jodey Arrington (TX-19) released the following statement after President Trump nominated Kevin Warsh to serve as Chair of the Board of Governors of the Federal Reserve System: “Kevin Warsh is the right man for the job. “Kevin is a longtime friend and former White House colleague—one of the smartest and most talented people I have… Read more »

Washington, D.C. – Today, House Budget Chairman Jodey Arrington (TX-19) released the following statement on the two U.S. Bureau of Economic Analysis (BEA) reports published this morning. The BEA’s updated gross domestic product (GDP) report showed 4.4 percent annual growth in the third quarter of 2025 and the Personal Consumption Expenditures price index (PCE)… Read more »

Washington, D.C. – House Budget Chairman Jodey Arrington (TX-19) introduced the Consistency in Foreign Investment in the USMCA (CFIUSMCA) Act, legislation to stop foreign adversaries - particularly China - from using Mexico and Canada as backdoors to move goods into the United States under the U.S.-Mexico-Canada Agreement (USMCA). The bill would give U.S. trade officials… Read more »

Washington, D.C. – House Budget Chairman Jodey Arrington (TX-19) released the following statement on the Federal Reserve’s decision to lower interest rates: “Let’s not forget, the Federal Reserve had to raise interest rates an alarming eleven times during the Biden presidency to extinguish the inflationary firestorm created by Democrats’ record deficit spending, increased… Read more »

Washington, D.C. – Today, House Budget Chairman Jodey Arrington (TX-19) led a bipartisan group of lawmakers in a letter to Secretary of Commerce Howard Lutnick outlining ways the administration can partner with Congress on pro-competition reforms that lower prescription drug costs for American families.  Currently, duplicative and overlapping drug patents – often referred… Read more »

CBO released a letter in response to an inquiry from Chairman Arrington asking how the government shutdown will impact the economy. Read more »

Lubbock, TX – Today, House Budget Chairman Jodey Arrington (TX-19) attended a signing ceremony for a Cooperative Research & Development Agreement (CRADA) between the Texas Tech University System and the Federal Bureau of Investigation (FBI) to advance U.S. national security, cybersecurity, and critical infrastructure protection.  … Read more »