Government Spending

Top Senate Democrats on Wednesday urged President Biden to keep the expanded child tax credit payment as the "centerpiece" of a stalled tax and spending package as the White House looks to revive a narrower version of the Build Back Better bill.

President Biden will meet with the CEOs of 10 major corporations on Wednesday to promote the business benefits of his stalled spending bill as Democrats look to salvage parts of the package.

The Energy Department will have its largest bureaucratic expansion since it was established in 1977, using $62 billion from the Bipartisan Infrastructure Law to create a Clean Energy Corps.

President Biden's first year in office was full of plans – some realized, some not – to spend massive amounts of money in the name of causes, including pandemic relief, infrastructure and climate change.

The White House is looking to restart negotiations with Sen. Joe Manchin on President Biden's sweeping social safety net and climate change package as Democrats eye the 2022 midterm elections.

State and local governments are sitting on cash piles after fears about pandemic-related shortfalls were overblown.

EXCLUSIVE: Sen. Rand Paul, R-Ky., released a new report Tuesday on the troubling effects of inflation on low and middle-income families as well as small businesses.

Millions of families who received a monthly payment from the IRS through the expanded child tax credit are facing their first month since July without cash from the federal program, even as inflation soars to the highest level in a generation.

The U.S. government on Wednesday posted a roughly $21 billion budget deficit for December, the smallest monthly shortfall in nearly two years as the pandemic recovery fueled an increase in personal and corporate income tax receipts.

A bipartisan group of lawmakers has started exploring another round of coronavirus relief funding for small businesses as a surge of the highly contagious omicron variant threatens to unleash more economic havoc.

The Chicago Teachers Union (CTU) wants to how money from President Biden's American Rescue Plan is being spent after it voted to close schools and go back to remote classes until the spike in COVID-19 cases "substantially subsides." When President Biden passed the American Rescue Plan in March 2021, Chicago received $1.8 billion in federal COVID-19 relief for the city's schools.

Increased spending on public health preparedness and drilling for potential disaster response scenarios could help states like Virginia handle the next “unprecedented” storm or other calamity, according one expert.

Democrats are kicking off the new year with hopes of salvaging the fragments of President Biden's signature economic spending plan, just weeks after key moderate Sen. Joe Manchin thrashed the party's hopes of passing the massive social spending and climate bill.

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.

The U.S. has seen its highest levels of inflation in 39 years as consumer prices surge.

Democrats are making last-ditch efforts to save a key piece of their ambitious tax-and-spending bill, days after Sen. Joe Manchin torpedoed the $1.7 trillion package.

Farmer and agricultural economist Damian Mason is warning about the impacts of regulation and shutdowns on the economy.

Rep. Lee Zeldin discusses what Americans are saying about Biden's spending bill.

Federal Reserve Chairman Jerome Powell is entering 2022 with the American economy on shaky ground, teeing up a challenging year for the U.S. central bank as it accelerates its withdrawal of support, all while navigating the ever-changing landscape of the coronavirus pandemic.

FOX Business host shares his thoughts as the Democratic Party continues to slam Sen. Joe Manchin