Government Spending

Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.

Just as inflation has eroded the value of the U.S. national debt, so too has it eroded the value of national wealth.

The nonpartisan Congressional Budget Office's latest budget review found the federal deficit more than doubled to $1.6 trillion in the first 10 months of FY2023 compared to a year ago.

Fitch’s downgrade doesn’t mean were about to default. It does mean we look like a country that can’t be depended on. Will we lose our status as a reserve currency?

Treasury Secretary Janet Yellen said she strongly disagrees with Fitch's downgrade of the U.S. credit rating, arguing its assessment was flawed and based on outdated data.

FOX Business' Stuart Varney discusses the U.S.' credit downgrade by ratings agency Fitch, who cited America's 'erosion of governance' and rising deficits.

Treasury Secretary Janet Yellen is scheduled to give remarks today on Biden's Inflation Reduction Act. She previously remarked she does not believe a recession is on the horizon.

FOX Business' Stuart Varney discussed New York City's migrant crisis, weighing in on Democrats' plan to allow millions of illegal immigrants to work and, eventually, vote.

A Montana jury found that an asbestos clinic submitted 337 false claims that made patients in the small mining town elgible for Medicare and other benefits.

FOX Business' Stuart Varney discusses Biden's new $475 billion student loan forgiveness plan, arguing the president is creating a society full of entitled citizens.

A new study suggests scammers who stole billions in COVID-19 relief money used the funds to purchase real estate, pushing U.S. home prices higher.

FOX Businesses' Stuart Varney argues government should not be responsible for doling out taxpayer money after Democrats blew through billions in COVID relief aid.

A new government watchdog report finds that more than $200 billion in COVID-19 relief funds were wasted and potentially given to fraudsters who ripped off U.S. taxpayers.

If President Biden’s objective was a stable economy coming out the pandemic, he has miserably failed, the American people know it and it will be an issue in the 2024 election.

A report from spending watchdog Open the Books shows that the government wasted an average of $683 million per day last year.

The Committee for a Responsible Federal Budget released a report indicating the federal government ran a $2.1 trillion over the past 12 months as tax revenue lagged and spending rose.

Fitch Ratings said Friday that it could still downgrade the U.S. credit rating after the most recent debt-limit debacle between Democrats and Republicans.

Sen. Rand Paul, R-Ky., shares his alternative plan to the Biden-McCarthy debt limit deal on "Mornings with Maria" as the bill heads to the Senate.

Under the student loan deal negotiated by President Biden and House Speaker Kevin McCarthy, the federal student loan payment pause will end in August.

Congress is taking up the Fiscal Responsibility Act, which would reduce federal budget deficits by $1.5 trillion over 10 years, with most of the savings coming from spending caps.