No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, June 15, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Budget chair Jodey Arrington on balancing debt crisis and national security demands

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 3 mins read
A A
Budget chair Jodey Arrington on balancing debt crisis and national security demands
Share on FacebookShare on TwitterShare on LInkedIn



The U.S. government has a lot to pay for at the moment: in addition to mandatory spending like Social Security, Medicare, and Medicaid, it has also needs to fund its military endeavors. First came Venezuela, a relatively brief period of intervention; but the U.S. and Israel’s conflict with Iran has dragged on longer than expected.

Agreeing on budget packages hasn’t been Congress’s strong point during the second Trump administration: Already, there has been a government shutdown, and a significant amount of the Department of Homeland Security (DHS) is still closed due to the fact that spending to reopen it hasn’t been approved.

The demands on Treasury finances are a tightrope policymakers are going to have to learn to walk effectively, House Budget Committee Chairman Jodey Arrington said in a recent interview, suggesting that reconciliation (a budget procedure vote allowing for a simple majority of 51) may be the quickest way to ensure funding for DHS and prevent similar snags in the future.

Speaking on CNBC, the Texas Republican said: “I think what would be better, if we could do it, is just take the whole kit and caboodle and use reconciliation to fund Homeland so we don’t establish the precedent of picking and choosing departments and agencies and offices.”

“We can’t leave the critical operations of Homeland Security that’s protecting us against a terrorist attack, through Coast Guard, through guardsmen at our ports, or the guys that are protecting us against cybersecurity attacks. This is unacceptable.”

Democrats, on the other hand, have argued they will not back a funding bill for DHS until controversial departments like ICE and elements of Border Patrol are defunded. Protests against ICE began late last year, but tensions spilled over following the fatal shootings of intensive care nurse Alex Pretti and Renee Good in Minneapolis earlier this year. Until guardrails are put into place around the departments, the Democrats argue, they won’t pass funding for DHS.

The budget balance

However, Arrington also chairs a committee that has continually advocated for prudent and effective spending and fiscal reform. Arrington has called for a harder-line approach than some of his peers, who have pushed a resolution of a deficit target of 3% of GDP. Arrington wants to open up a conversation about adding fiscal responsibility to the country’s Constitution.

He said late last month: “Here’s the sad, sobering, and stunning truth: Despite the urgency of our fiscal crisis, Congress is paralyzed—unable to meet the urgency of the moment. So, if Washington won’t act, then it’s time to look beyond our nation’s capital. The Founders gave us another path in Article V of the Constitution, empowering the states and the American people to step in and demand fiscal discipline.”

Pushed on why he advocates for reopening spending pathways alongside budgetary reform, Arrington responded: “I can tell you there are debt hawks like myself that see a debt crisis on the horizon as an equal if not greater and more irreparable threat. We have to be able to walk and chew gum.”

The Republican is of the opinion that the government has some “savings” it could leverage in the form of cracking down on fraudulent claims. This, combined with a reconciliation action, “will allow us to put those reforms in the mandatory programs to underwrite what we need now and a down payment on future warfare preparedness.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.



Source link

Tags: ArringtonBalancingbudgetChairCrisisdebtdemandsJodeyNationalSecurity
ShareTweetShare
Previous Post

The Danger of Allowing Good Intentions to Override the Constitution

Next Post

These High-Inventory Markets Could “Swing Up” in the Next Cycle

Related Posts

edit post
Global Market Today: Asian shares surge, oil skids on Gulf deal

Global Market Today: Asian shares surge, oil skids on Gulf deal

by TheAdviserMagazine
June 14, 2026
0

SYDNEY: Share markets surged in Asia on Monday while the dollar slipped and oil prices tumbled as a tentative peace...

edit post
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

by TheAdviserMagazine
June 14, 2026
0

It will likely take months before energy companies can resume operations to the point of meeting the world’s demand, according...

edit post
Why So Many Banks Sponsor Marathons

Why So Many Banks Sponsor Marathons

by TheAdviserMagazine
June 14, 2026
0

Why would a consultancy firm spend $40 million a year sponsoring marathons? What are they getting in return? Studies show...

edit post
Oil executives send a blunt message to Americans on gas prices

Oil executives send a blunt message to Americans on gas prices

by TheAdviserMagazine
June 14, 2026
0

"You're hitting tank bottom." That is the phrase one oil industry executive used to describe the state of global petroleum...

edit post
Iran proved it can close the Strait of Hormuz, but the U.S. is showing it can punch open a hole

Iran proved it can close the Strait of Hormuz, but the U.S. is showing it can punch open a hole

by TheAdviserMagazine
June 14, 2026
0

Regardless of a ceasefire deal that reopens the Strait of Hormuz, Iran’s demonstrated ability to shut it down will continue...

edit post
US refueling planes threaten Israel’s summer flight schedule

US refueling planes threaten Israel’s summer flight schedule

by TheAdviserMagazine
June 14, 2026
0

Ben Gurion Airport has been filled with US Air Force refueling planes in recent months, taking up many aircraft...

Next Post
edit post
These High-Inventory Markets Could “Swing Up” in the Next Cycle

These High-Inventory Markets Could “Swing Up” in the Next Cycle

edit post
Exercises To Help Clients Better Navigate The Transition To Retirement After Having Done It Yourself: #FASuccess Ep 485 With Michael Kay

Exercises To Help Clients Better Navigate The Transition To Retirement After Having Done It Yourself: #FASuccess Ep 485 With Michael Kay

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
Florida Roads Become a Battleground for Illegal Immigration

Florida Roads Become a Battleground for Illegal Immigration

June 9, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
The 8 States That Still Tax Social Security in 2026

The 8 States That Still Tax Social Security in 2026

June 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
A Tax on Social Media – Blue-State Governments’ Newest Ploy

A Tax on Social Media – Blue-State Governments’ Newest Ploy

June 5, 2026
edit post
Volatility surge has trader eyeing one ‘stable’ stock

Volatility surge has trader eyeing one ‘stable’ stock

0
edit post
From the Back Forty: Trump Celebrates a Birthday as TDS Rages

From the Back Forty: Trump Celebrates a Birthday as TDS Rages

0
edit post
SoFi Invest Review: All you need to know about SoFi Invest

SoFi Invest Review: All you need to know about SoFi Invest

0
edit post
French businessman buys 8 Jerusalem apartments

French businessman buys 8 Jerusalem apartments

0
edit post
Sabrin in the ‘Naples Daily News’: Why Property Taxes Should be Abolished

Sabrin in the ‘Naples Daily News’: Why Property Taxes Should be Abolished

0
edit post
Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot

Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot

0
edit post
SoFi Invest Review: All you need to know about SoFi Invest

SoFi Invest Review: All you need to know about SoFi Invest

June 14, 2026
edit post
Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot

Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot

June 14, 2026
edit post
Global Market Today: Asian shares surge, oil skids on Gulf deal

Global Market Today: Asian shares surge, oil skids on Gulf deal

June 14, 2026
edit post
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

June 14, 2026
edit post
Why So Many Banks Sponsor Marathons

Why So Many Banks Sponsor Marathons

June 14, 2026
edit post
Charlie Javice reportedly seeking a pardon from Trump

Charlie Javice reportedly seeking a pardon from Trump

June 14, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • SoFi Invest Review: All you need to know about SoFi Invest
  • Massive Bitcoin Theft Case Draws Guilty Plea in Violent Kidnapping Plot
  • Global Market Today: Asian shares surge, oil skids on Gulf deal
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.