CBO Report Obscures Negative Impact of ‘Bidenomics’: House Budget Committee Chairman

The chairman of the House Budget Committee has cast doubt on a recent Congressional Budget Office (CBO) report, which he says glosses over the failures of President Joe Biden’s economic policies. The White House has said its policies have led to economic growth “from the middle out and bottom up—not the top down.” The report, released Wednesday, was entitled An Update About How Inflation Has Affected Households at Different Income Levels Since 2019.” Rep. Jodey Arrington (R-Texas), House Budget Committee Chairman, said in a May 14 press release that the report covers up the downsides of Bidenomics, while taking a “partisan” turn seemingly aimed at bolstering President Biden just six months before an election....