Congress

House Speaker Nancy Pelosi on Thursday defended the inclusion of changes to the state and local tax deduction in President Biden's signature spending plan, even though economists across the political spectrum agree the policy would serve as a windfall to wealthy Americans.

President Biden has started to bill his massive social spending and climate bill as the key to slowing hotter-than-expected inflation, but three top economists say the $1.75 trillion package could ultimately add more fuel to the fire.

Sen. Marco Rubio explains why he's delaying Biden's "failed foreign policy" picks for ambassadors to China and Spain.

Senate Republicans aim to block Saule Omarova's nomination to be comptroller of the currency.

Enhanced IRS tax enforcement provisions included in President Biden’s social spending bill will cause audits to double over the next 10 years, according to a Republican memo distributed by House Minority Leader Kevin McCarthy, R-Calif., to GOP lawmakers on Thursday morning.

Democratic lawmakers should be wary of downplaying the Congressional Budget Office’s score for President Biden’s social spending bill if the estimates undercut the administration’s argument that the legislation is fully paid for, former CBO Director Douglas Holtz-Eakin told FOX Business’ Neal Cavuto on Wednesday.

President Biden is under growing pressure from Congress to tap into the nation's Strategic Petroleum Reserve in an effort to quell soaring gas prices ahead of the holiday season.

The Committee for a Responsible Federal Budget says Democrats' reconciliation bill will cost a lot more than they say it does.

Treasury Secretary Janet Yellen informed lawmakers Tuesday the federal government will reach its debt ceiling by Dec. 15, setting a timeline for what is expected to be a heated debate in Congress over raising the limit.

Rep. Kim Schrier, D-Wash., was more than two months late in disclosing the purchase of half a million dollars worth of stock in Apple.

President Biden's signature social spending and climate bill promises to offset nearly $2 trillion in spending with higher taxes on corporations and the wealthiest Americans, but a new analysis shows how the U.S. economy would actually lose more in revenue than is generated in the long run.