Economy

  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 »

WASHINGTON, D.C. – House Budget Chairman Jodey Arrington (TX-19) issued the following statement as the U.S. national debt soared past a record $37 trillion: “This week’s news that the United States’ national debt has surpassed $37 trillion is a stark reminder of our dire fiscal straits.  “When my son was born in 2011, the national debt was $15 trillion. Now, 14 years later, it… Read more »

WASHINGTON, D.C. – House Budget Chairman Jodey Arrington (TX-19) introduced the USTRx Act, legislation that creates a Chief Pharmaceutical Trade Negotiator at USTR, who would have the responsibility of identifying foreign price controls on drugs innovated in the United States that increase costs for American patients. This negotiator would issue an annual report on these… Read more »