Government Spending

The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.

The bipartisan deal reached by President Biden and House Speaker Kevin McCarthy to raise the debt ceiling rescinds more than $21 billion in funding from the IRS.

Rep. Michael Waltz, R-Fla., urges Biden and House Speaker McCarthy not to falter on the country's obligations in an effort to pass the debt bill.

The bipartisan budget deal between President Biden and House Republicans will raise the debt limit until January 2025, when a new Congress and possible new president will take office.

The Treasury Department announced auctions for short-term Treasury bills will proceed next week in a sign the government may have additional time to raise the debt limit after June 1.

The odds of the U.S. government defaulting on its debt are rising as Washington negotiators struggle to strike a deal, according to JPMorgan analysts.

FOX Business' Stuart Varney discusses the Democrats' spending habits as default and downgrade fears puts U.S. on notice

Fitch Ratings put the United States' AAA credit rating on negative watch, citing brinksmanship and increased partisanship over raising or suspending debt ceiling.

Sen. Mike Braun, R-Ind., explains how Democrats' excessive spending and debt ceiling stalemate means Americans' retirements are "now in jeopardy" by not producing the best return.

A pair of Goldman Sachs economists wrote that the Treasury is likely to run out of the funding needed to pay federal bills by June 8 or 9, although cash could run low sooner.

Democrat and Republican House reps. explain how defaulting on U.S. debt will create a "catastrophe" for real estate, housing and "so many different markets."

The chances of the U.S. defaulting on its debt are low, but experts are warning that financial markets and the economy are still facing a wall of worry as lawmakers duke it out.

House Speaker Kevin McCarthy, R-Calif., says the Biden administration has agreed to a new debt ceiling negotiation structure and emphasized Republicans "don't want to have a Biden default."

Biden has been crying wolf with warnings about budget defaults. Treasury still has the ability to prioritize its payments, so that’s not a realistic danger.

President Biden slammed Republicans for "holding the economy hostage" by insisting on spending cuts as part of a bipartisan compromise to raise the national debt and avoid default.

President Biden said that a meeting between congressional leaders on the debt ceiling was "productive," and said that the United States will not default.

There is no barometer to gauge whether the U.S. will collide with the debt ceiling, however the "Mattress Futures Index" could be a good jumping off point.

A Denver city councilor said White businesses should be taxed to redistribute wealth to Black and Brown people in the city as reparations for the harms of capitalism.

FOX Business host Larry Kudlow discusses ongoing debt ceiling negotiations as the deadline approaches.

After the Department of Defense failed their fifth audit and is unable to account for 39% of government spending, bipartisan legislatures want to incentivize spending transparency.