Republicans are likely to hammer Democrats during the midterms over rapd inflation since President Biden took office.
When Congress comes back in January, the death of the "Build Back Better" bill might create an opening for legislators to address COVID relief for small businesses.
President Biden on Monday will roll out a new plan to target a handful of meatpacking companies that control the bulk of the nation's supply, months after his administration accused the conglomerates of facilitating anti-competitive behavior that has caused meat and poultry prices to skyrocket.
In a recent analyst note to clients, Goldman Sachs economists warned that pandemic-induced disruptions in the global supply chain – which have caused congestion in ports and warehouses nationwide – could last longer than expected as surging demand struggles to keep up, meaning that inflation metrics will remain "quite high for much of next year."
President Biden began his presidency earlier this year with high hopes of passing trillions in new spending, and while some measures were successful, some of his efforts were foiled by moderate Democrats who expressed concern over debt and rising inflation.
A slew of proposed taxes aimed at ultra-wealthy Americans and well-off corporations were dealt a potentially fatal blow on Sunday, imperiling a key pillar of President Biden's sweeping economic agenda.
The White House acknowledged Friday that President Biden and Democrats will not reach their goal of passing the roughly $2 trillion spending bill by the end of the year.
Sen. Joe Manchin, D-W.Va., cast doubt on a Senate vote on the spending bill by Christmas, putting in peril President Biden and Senate Democrats' goal of passing the roughly $2 trillion measure before a self-imposed deadline.
Millions of parents across the U.S. can expect to receive some extra cash this week, when the IRS will start distributing the sixth and final payment from the expanded child tax credit.
The hottest inflation in nearly four decades will cost millions of Americans an additional $3,500 in expenses this year, according to a new analysis published on Wednesday.
Because of a procedural trick slipped into a Medicare bill last week, Senate Democrats can raise the debt ceiling one time only with a simple majority vote.
Democrats are attacking a GOP-requested CBO score of their spending bill that assumes programs will be extended permanently.
American households are grappling with the fastest price increases in nearly four decades, with the cost of everything from cars to gasoline to food soaring in November, the Labor Department reported Friday.
Congress will likely approve an actual debt limit increase sometime next week, after the Senate approved a bill to pass the hike without a filibuster.
Congress is on a path to avert a default on the U.S. debt after a Senate procedural vote removed a filibuster hurder for a debt ceiling increase.
FOX Business host discusses Sen. Joe Manchin's eye-opening comments at the WSJ CEO Council Summit.
Sen. Joe Manchin raised concerns on Tuesday about inflation and refused to commit to supporting his party's massive social spending and climate plan, though Democrats hope to pass it by Christmas.
'Kudlow' host criticized Joe Biden for policies that led to supply chain backlogs and record inflation.
Lawmakers face urgent deadlines on defense, debt limit, and government shutdown, plus several other issues that will add to the drama.
House progressives initially pushed for a $3.5 trillion reconciliation bill passed before an infrastructure bill. They got neither.