CHAIRMAN ARRINGTON ON SQUAWK BOX: REPUBLICANS ARE PREPARED FOR RECONCILIATION 3.0

WASHINGTON, May 22 -- The House Budget Committee issued the following press release:

WASHINGTON, D.C. - Today, House Budget Committee Chairman Jodey Arrington (R-Texas) joined CNBC's Squawk Box this morning to discuss the status of the current reconciliation bill and preparation for Reconciliation 3.0.

Watch here

On preparing Reconciliation 3.0 to fund defense and target fraud:

"We support our troops. We know the Democrats aren't going to help us. I mean, they were prepared to shut the Homeland Security down through the rest of the fiscal year and not pay our Coast Guardsmen, our ICE and Border Patrol agents, etc. So, I'm anticipating that we're not going to get a lot of help and we need to support our troops, give them the resources t...