Tentative deal to raise debt ceiling reached as default deadline looms
President Biden and House Speaker Kevin McCarthy reached an “agreement in principle" on Saturday night avoiding a potential U.S. default.
White House 'dug in' on demands in debt limit talks, McCarthy told House GOP: source
House Speaker Kevin McCarthy told Republican lawmakers during a closed-door meeting that the White House was "dug in" on spending and tax increase demands.
Biden to meet Tuesday with McCarthy on debt limit: 'I think we'll be able to do it'
President Biden called himself a "congenital optimist" and signaled an openness to some form of compromise with Republicans on raising the debt limit.
Voters want Biden, Schumer to 'do their damn job,' GOP lawmakers say
Several GOP lawmakers spoke with Fox News Digital this week about how their voters feel about the debt limit fight in Washington.
Biden’s budget is 'doubling down on his woke agenda,' Republican senator says
Sen. Eric Schmitt, R-Mo., a member of the Joint Economic Committee, claimed President Biden's budget proposal shows he's "not serious" about negotiating with Republicans.
GOP readies budget plan in ‘coming weeks’ in response to Biden’s ‘out-of-control spending’
Republicans in the House and Senate are hammering President Joe Biden over his newly unveiled budget proposal for Fiscal Year 2024, and House GOP said their budget is coming soon.
GOP, Dems clash over Republican plan to avoid debt default: 'Economic chaos'
House Republicans are looking at ways to avoid a debt default, including by exemption debt and entitlement payments from the debt ceiling once the ceiling is reached.
House Republicans to consider debt prioritization bill as default looms
The House Ways and Means Committee will consider a bill on Thursday that would prioritize federal spending if the U.S. hits the debt ceiling later this year.
Rep. Adam Smith responds to concerns over US military readiness: ‘Huge problem’
Rep. Adam Smith, D-Wash., discusses a variety of foreign policy issues and weighs in on the debt ceiling and classified documents drama.
Larry Kudlow: A political and fiscal drain from clogged Democratic arteries could invigorate a shaky economy
FOX Business host Larry Kudlow breaks down the U.S. debt ceiling and reveals how the House GOP can revive the economy by proposing a budget resolution on "Kudlow."
California facing $24B budget shortfall amid economic uncertainty
California is facing a $24 billion budget shortfall for 2023-24 as ongoing concerns about inflation and a potential recession create economic uncertainty.
Airline tickets dropping from summer highs, report says
Airfare prices surged earlier this summer as consumers flooded U.S. airports. However, as we enter "shoulder season," Travel website Hopper says prices will drop 25% from peak prices in May.
Biden's budget proposal rife with 'laughable assumptions': Former White House economist
Tyler Goodspeed slammed Biden's budget proposal during a Monndy segment of "Mornings with Maria."
House Budget Republican says Dems' proposed vape tax contradicts claim they stand for the poor
Rep. Byron Donalds, R-Fla., who sits on the House Budget Committee, is accusing Democrats of hurting the poor with Build Back Better's vaping tax.
Who is Shalanda Young, Biden's OMB pick?
President Biden nominated Shalanda Young to lead OMB after more than a decade serving on the House Appropriations Committee.
Biden expected to nominate Shalanda Young for budget director
President Biden on Wednesday is expected to nominate Shalanda Young to be permanent director of the Office of Management and Budget, Fox News has learned.
Democrats' spending bill could give four weeks of paid leave to people without jobs
The provision in question is buried deep in the bill sewn together by House Democrats as they desperately try to get legislation across the finish line after a GOP trouncing at the polls on Tuesday.
Democrats' policies will lead to repeat of 'Europe's energy crisis,' Barrasso report warns
Sen. John Barrasso, R-Wyo., the ranking member of the Senate Energy and Natural Resources Committee, released an “investigative report” looking at “how Europe’s energy crisis serves as a dire warning to the United States if Democrats enact President Biden’s budget blowout,” according to a press release exclusively obtained by FOX Business.
Decoding Budget Reconciliation
Democrats will finally pass their $3.5 trillion—or trimmed $1.5 trillion—big, social spending plan by deploying a special process called budget reconciliation to muscle it through the United States Senate.
Varney: America will 'fall behind' if Biden gets his $5T
FOX Business' Stuart Varney provides insight into President Biden's excessive spending plans and the U.S. economy.