Government Spending

St. Louis Federal Reserve President James Bullard said Friday the U.S. central bank needs to raise interest rates much faster in order to combat the hottest inflation in four decades – or risk losing its credibility.

California Democrats have unveiled a new proposal that would send a $400 rebate to every taxpayer in the state to help offset the financial pain of surging gasoline prices.

The California tax is used to fund roads and other infrastructure projects; the state's Legislative Analyst's Office projected the tax will generate about $8.8 billion in revenue during the 2021-22 fiscal year.

Rep. Kevin Brady, R-Texas, on Congress eyeing legislation to sever ties with Russian oil as bipartisan calls to ban imports into the U.S. grows.

The U.S. is blocking financial transactions of Russia's central bank assets and freezing any of the assets held by Americans following Putin's invasion of Ukraine.

The number of people on Medicaid has increased almost two and a half times what it was in 2000.

Ukraine's $6 billion defense budget is about a tenth of Russia's, according to recent data from Stockholm International Peace Research Institute.

The way to develop the 5G network lays in the hands of the wireless companies, former FCC commissioner Robert McDowell argues.

Congress has just a couple of days to avoid a government shutdown.

The White House approved $5 billion in infrastructure spending to expand the electric network, but some remain skeptical the money will go where it's most needed.

A proposal from some Senate Democrats to temporarily pause the federal gas tax in order to help combat the pain of surging prices at the pump could actually exacerbate inflation, according to a new analysis.

FOX Business' Stuart Varney breaks down inflation and its massive impact on the car industry

American consumers are grappling with the hottest inflation in a generation, and some parts of the country are seeing steeper price increases than others.

High shipping costs, rising energy costs, a shortage of materials, elevated commodity prices and rising wages have driven national and state-wide inflation to record levels.

President Biden had to decide between competing demands for the titanic sum of frozen assets the U.S. government sat on.

Millions of California workers are now eligible for two weeks of paid sick leave if they are infected with COVID-19 under a new bill that Gov. Gavin Newsom signed into law this week.

American households are grappling with the steepest price increase in four decades, paying more for everything from cars to gasoline to food as uncomfortably hot inflation erodes most workers' wage gains.

The newest inflation data out this week is expected to show another jaw-dropping figure as the price for a bevy of everyday consumer goods soared higher.

The U.S. Postal Service said it will buy at least 5,000 electric delivery trucks after President Biden and the EPA urged it to electrify its fleet.

FOX Business host gives his take on the COMPETES Act on 'Kudlow.'