Government Spending

The House Ways and Means Committee will consider a bill on Thursday that would prioritize federal spending if the U.S. hits the debt ceiling later this year.

White House press secretary Karine Jean-Pierre said Wednesday that President Biden will propose to raise taxes in his budget plan, which will be released Thursday.

SK Group of South Korea has pledged a $15 billion U.S. investment that includes semiconductor research and development.

The U.S. relationship with China is difficult as military spending ramps up. Joe Lieberman and Gatestone Institute Senior Fellow Gordon Chang on rising tensions.

Sacramento Mayor Darrell Steinberg told members of the California task force on reparations that he wholeheartedly supports giving Black Californians compensation for being descendants of slaves.

Sen. Joe Manchin this week called on President Biden to release his budget proposal so that Congress can find a bipartisan compromise that will cut spending.

Democratic Sen. Joe Manchin gives Joe Biden a fiscal rebuttal after the president indicated he's "gonna raise some taxes" to cut America's growing deficit.

With a majority of the Northern Illinois Food Bank's clients being working-class families, its president claims they're "struggling to make ends meet" as SNAP benefits expire.

FOX Business' Stuart Varney discusses teachers' union chief Randi Weingarten's handling of public schools during COVID following her rant on the student loan handout plan.

The CBO projects that the cost of servicing the national debt will more than double over the next decade to over $1.4 trillion in interest payments in FY2033.

The Bipartisan Policy Center said that the "X date" on which the debt limit will need to be raised to avoid default will arrive this summer or early fall, depending on tax revenue.

Florida Sen. Rick Scott argues it's better to balance the congressional budget than "spending to oblivion" while struggling to solve a "dramatic" debt ceiling debacle.

Rep. David Kusta, R-Tenn., argued President Biden needs to slow down spending or both the House and Senate will push back on further aid to Ukraine.

Jenna Giannios, an Ohio resident who lives near the train derailment, and Ohio AG David Yost are sounding off on the government's inadequate response to the catastrophe.

Texas Attorney General Ken Paxton announced Wednesday he has filed a lawsuit against President Biden over the Consolidated Appropriations Act of 2023.

The CBO released its annual budget and economic outlook which projects that the U.S. national debt will grow by about $20 trillion over the next 10 years.

The IRS has determined whether state-issued rebate payments will count as taxable income for the 2022 tax season after telling taxpayers to delay filing.

The U.S. Treasury Department on Friday reported a $39 billion budget deficit in January and a $460 total budget deficit for the first four months of fiscal year 2023.

U.S. Treasury Secretary Janet Yellen recently spoke at a think tank where she warned that high levels of government debt are "unsustainable."

The CBO's latest budget update showed the federal deficit was up $200 billion year-over-year as of January, despite President Biden's claims about his deficit reduction efforts.