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Today, Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, issued a statement following the release of the Congressional Budget Office's (CBO) updated June 2024 Budget and Economic Outlook. Compared to CBO’s previous forecast, the report showed that CBO expects stronger real GDP growth of 2.0 percent in 2024 and lower unemployment at 3.9 percent in 2024.

Today, at a hearing with the Chief Actuaries for Social Security and Medicare, Ranking Member Brendan F. Boyle and House Budget Committee Democrats laid out the devastating impact of the 2025 Republican Study Committee (RSC) budget. Following the hearing, Budget Committee Democrats released two new fact sheets detailing how the RSC budget will cut Social Security benefits and end Medicare as we know it – in stark contrast to Democratic proposals to defend these hard-earned benefits.

Today, Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, delivered opening remarks at a Budget Committee hearing on “Medicare and Social Security: Examining Solvency and Impacts to the Federal Budget.”

Today, Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, released the following statement after the Federal Open Market Committee (FOMC) announced it was maintaining the current interest rate target range.

Today, House Budget Committee Ranking Member Brendan F. Boyle and Senate Budget Committee Chairman Sheldon Whitehouse sent a letter to Federal Reserve Board Chair Jerome Powell ahead of this week’s Federal Open Market Committee (FOMC) meeting, expressing concern over the harmful economic effects of prolonged elevated interest rates and calling on the Fed to begin lowering rates.

Today, Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, released the following statement after the Bureau of Labor Statistics (BLS) reported that nonfarm payroll employment increased by 272,000 jobs in May.

Today, Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, delivered opening remarks at a Budget Committee hearing on “Breaking Up Health Care Monopolies: Examining the Budgetary Effects of Health Care Consolidation.”

Today, the Supreme Court overturned a lower court ruling in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Limited. The lower court ruling challenged the constitutionality of the funding structure for the Consumer Financial Protection Bureau (CFPB), which could have also endangered countless other programs not funded through annual appropriations, including Social Security, Medicare, and Medicaid.