Donald Trump

In July, the gap between what the government spent and what it collected hit $62.9 billion, well below the $864 billion recorded in June.

White House press secretary Kayleigh McEnany on Thursday sought to clarify President Trump’s promise to “terminate” the payroll tax if he is reelected, saying instead he meant he wanted “permanent forgiveness” of the temporary payroll tax deferral. 

The initial claims drop is just the latest in a series of very encouraging economic data over the last three months.

A high-level White House official told Fox News there have been no discussions about abolishing the payroll tax.

Trump cannot use executive authority to slash the 20% long-term capital gains rate without Congress.

U.S.-China tensions were high before the pandemic as the two countries took part in a years-long trade war and finally started eyeing a bilateral deal before COVID-19 spread from Wuhan to the U.S.

President Trump touted the stock market's sharp recovery after a severe downturn due to the coronavirus pandemic, but warned that the biggest obstacle standing in the way of continued growth is none other than his presumptive November opponent Joe Biden.

Trump blamed the Postal Service and money for mail-in voting as a primary reason behind the deadlocked coronavirus relief negotiations.

President Trump said putting former Vice President Joe Biden in the White House would bring about the "biggest tax increase in history" on Thursday.

The U.S. Chamber of Commerce is asking the Trump administration to clear up the concerns and questions many businesses have in the wake of the President's executive action to defer payroll taxes.

The Trump administration has filed a motion asking a court to dismiss a lawsuit against the president’s executive order targeting social media companies, calling it a “profound misunderstanding,” according to a copy of the motion seen by Reuters.

Nebraska Gov. Pete Ricketts announced Wednesday that the state would block TikTok from all of its electronic devices due to security concerns.

"We’ll create millions of jobs and fight climate change through a clean energy revolution, bring back critical supply chains so the future is made in America, build on the Affordable Care Act so everyone has the peace of mind that comes with health insurance and finally offer caregivers the dignity, respect and the pay that they deserve," declared Sen. Kamala Harris, Joe Biden's choice for Democratic running mate

Billionaire bond fund manager Jeffrey Gundlach says a "highly toxic political environment" skews the polls and that President Trump will win reelection in November.

Billionaire investor and philanthropist to liberal causes called President Trump a “transitory phenomenon” in American politics but said that he “remains very dangerous” and will do everything he can to remain in power. 

The measure authorizes an extra $400 in federal unemployment benefits – $100 of which will come from state budgets.

Many jobless Americans may not receive the full $400 in supplemental unemployment benefits because cash-poor states can't afford to chip in the $100 they owe.

Combined, the four measures would inject about $165 billion of liquidity into the U.S. economy in the short-term and add $10 billion to the nation's deficit.

The Trump administration appears to have walked back its plan to require states to chip in for enhanced unemployment benefits after outcry from governors, including Gavin Newsom of California, Andrew Cuomo of New York and Arkansas' Asa Hutchinson.

Just days after bypassing Congress and issuing four executive actions on coronavirus relief, President Trump is weighing another potential executive order to target capital gains taxes, Fox Business has learned.