American taxpayers are now slaves to interest payments
The result of politicians in Washington racking up a $33.7 trillion federal debt? It now takes over a fifth of all government revenues just to pay the interest.
Pentagon fails annual audit for 6th year in a row
The DOD failed an annual audit of its assets for the sixth year in a row, officials announced this week. A Pentagon spokesperson said that the organization is "learning."
A winning, 3-part spending cut strategy for Republicans
Instead of trying to come up with a brand-new plan in a fractious conference, Republicans should rally around pro-growth policies that already unite them.
The fuse on America's debt bomb just got shorter
If you thought it was scary when the Treasury Department recently dropped a financial bomb, please sit down before you read on.
Goldman Sachs no longer sees US government shutdown in 2023
Goldman Sachs released a forecast finding it's unlikely that a government shutdown will occur before the end of this year as Congress faces a Nov. 17 funding deadline.
Stuart Varney: 'Axis of evil' is challenging America's superpower status
FOX Business' Stuart Varney says America's military dominance and diplomatic power are being challenged by Russia, China, and Iran, putting our superpower status at risk.
IRS crackdown on wealthy Americans has brought in $160M in back taxes
The IRS on Friday announced that it has brought in a cumulative $160 million from its efforts to crack down on wealthy Americans evading their taxes.
Palestinian group accused of harboring terrorists received $1B from Biden admin: report
More than $1 billion was sent by the Biden administration to a group working in Gaza and the West Bank with no guarantee that it wouldn't be used to supply Hamas.
Health care price transparency could save Americans $1T annually
Making it easier for Americans to figure out how much they owe for hospital care could drive down costs and reduce health care spending by $1 trillion.
New data reveals a crash not seen since Great Depression could hit in 2024
A growing amount of data indicates that a gigantic economic crisis could be right around the corner. Most disturbingly, one important economic indicator that’s currently flashing hasn’t appeared since the 1930s, during the height of the Great Depression.
McCarthy's ouster as speaker fuels uncertainty as renewed shutdown threat looms
Eight Republicans led by Rep. Matt Gaetz, R-Fla., joined with Democrats to remove Rep. Kevin McCarthy, R-Calif., as speaker of the House in a historic first that creates a leadership void in the chamber.
Stuart Varney: Republican 'chaos' will allow Democrats to keep on spending
FOX Business' Stuart Varney condemned some House Republicans for their failed budget negotiations arguing Rep. Matt Gaetz is carrying out a personal dispute with Kevin McCarthy.
Yellen warns government shutdown would be 'dangerous and unnecessary'
Treasury Secretary Janet Yellen warned on Friday that the looming government shutdown could undermine U.S. economic progress and hurt American families.
Government shutdown chances just hit 90%, budget watchdog warns
Committee for a Responsible Federal Budget President Maya MacGuineas discusses the challenges Congress faces to pass a spending plan ahead of the looming government shutdown.
The Republican debate elephant that won't be in the room Wednesday night (hint: it's not Trump)
The second Republican debate takes place in California on Wednesday night. But no matter your political affiliation, there's one topic no one seems to want to talk about: our debt.
US national debt hits $33T for first time in history
The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.
US national debt tracker: See how much the government obligations cost
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Stuart Varney: 'Bidenomics' is not a pretty picture; It's making us poorer
FOX Business' Stuart Varney analyzed Biden's economic plan, arguing "Bidenomics" combined with Fed money printing led to every income group in the U.S. losing ground.
Federal budget deficit up nearly $600 billion through August: CBO
The Congressional Budget Office reported that the federal budget deficit through August grew by about $600 billion, compared to a year ago, as spending increased and tax revenue declined.
Jamie Dimon warns of risks to US economy: 'We've been spending like drunken sailors'
JPMorgan Chase CEO Jamie Dimon on Monday warned that it's a "huge mistake" to expect the U.S. economy to experience a "booming environment for years."