Government Spending

JPMorgan Chase CEO Jamie Dimon on Thursday weighed in on the debt ceiling, telling CNBC that it is "not something we should be playing around with."

Rep. Nicole Malliotakis criticized Democrats for not addressing the debt limit sooner and for refusing to work with Republicans to solve the nation's financial problems.

The debt ceiling is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public. Congress last voted in 2021 to lift the debt ceiling.

The U.S. officially hit its debt ceiling of $31.38 trillion Thursday, which prompted the Treasury Department to use "extraordinary measures" to avoid defaulting on the national debt.

Republican lawmakers are offering proposals to add a balanced budget amendment to the Constitution as the U.S. is poised to hit its debt ceiling Thursday.

Sen. Joe Manchin calls for bipartisan collaboration and President Biden's cooperation in putting forth a balanced congressional budget to prevent rising debt.

Former United Nations ambassador Nikki Haley blasted President Biden's recent comments where he called Republican's "fiscally demented."

If Congress fails to raise the roughly $31.4 trillion federal debt limit by June, it could trigger a "self-inflicted" recession and "severe" market pain.

Former Congressional Budget Office director Douglas Holtz-Eakin unpacks the risks caused by Congress holding the debt limit hostage to spending reforms.

FOX Business host Larry Kudlow slams President Biden for touting his economic agenda while government spending continues to soar on 'Kudlow.'

Democrats and Republicans in Congress are set to debate spending and the national debt as the federal government faces a looming deadline to raise the debt limit.

With the U.S. on track to hit the debt ceiling limit next week, Treasury Secretary Janet Yellen warns 'extraordinary measures' will be taken to navigate the crisis.

FOX Business host Larry Kudlow breaks down the U.S. debt ceiling and reveals how the House GOP can revive the economy by proposing a budget resolution on "Kudlow."

The U.S. government will reach its statutory debt limit next Thursday, according to a letter from Treasury Secretary Janet Yellen notifying Congress.

The federal government is expected to reach its debt limit in the next few weeks which will prompt the Treasury to take extraordinary measures to stave off default.

House Ways and Means Committee Chair Rep. Jason Smith discusses his plan to cut government spending, create jobs and boost wages for the American people.

The Texas government announced that it brought in a $32.7 billion budget surplus, which is the largest in the state's history, setting up a debate over taxes and spending.

Former Acting White House Chief of Staff Mick Mulvaney warns there won't be a balanced budget or "dramatic" spending cuts after the Republican-led passage of new House rules.

Florida Republican Rep. Anna Paulina Luna discussed whether Kevin McCarthy's concessions could lead to a government shutdown and addressed Ukraine spending.

California is facing a $24 billion budget shortfall for 2023-24 as ongoing concerns about inflation and a potential recession create economic uncertainty.