Government Spending

Treasury Secretary Janet Yellen predicted on Friday that a nearly $2 trillion White House spending initiative will help lower rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices.

House progressives made clear they won't budge on their demand for the reconciliation bill to pass at the same time as the bipartisan infrastructure bill, but they are willing to back a massively scaled-down version of reconciliation.

Rep. Claudia Tenney, R-N.Y., on the new version of the spending bill.

Senate Minority Leader Mitch McConnell ripped the Democrats for "doubling down" on the spending play amid "raging inflation" on "Kudlow."

House Minority Leader Kevin McCarthy slammed the Democrats' spending bill for going after the American working class.

President Biden on Thursday outlined a slew of new taxes on corporations and the ultra-wealthy in order to pay for the bulk of his signature economic spending plan – but a new analysis suggests the rate increases could generate $500 million less than the White House estimated.

House Speaker Nancy Pelosi is urging Democrats to pass a stalled $1 trillion infrastructure package as soon as today, but is being rebuffed by progressive lawmakers who are threatening to vote against the bipartisan measure unless it's accompanied by a larger, party-line spending bill.

President Biden on Thursday, in his final pitch before traveling to Europe for the G20 summit, urged Congress to support his revised economic agenda, admitting that "no one got everything they wanted, including me."

The Biden administration on Thursday outlined a revamped tax-hike plan to pay for Democrats' roughly $1,750,000,000,000 spending plan, including rate increases on well-off corporations and wealthy Americans.

President Biden is expected to tell congressional Democrats Thursday morning that they've reached an agreement on a framework for their reconciliation bill.

Fox News political analyst Gianno Caldwell calls out President Biden lying "multiple times" throughout his presidential term.

Larry Kudlow shares his thoughts on wealth tax

Democrats are moving ahead with a hearing on their reconciliation bill -- before they've even come to an agreement on what to put in it.

President Biden leaves the U.S. for a climate summit Thursday, but Democrats appear poised to miss an end-of-month deadline to agree on reconciliation and pass infrastructure -- just like they did last month.

FOX Business’ Stuart Varney discusses the Democrats’ plan to get billionaires to fund multi-trillion dollar spending package

Government programs and policies are exacerbating a decadeslong workforce exodus, with Americans becoming increasingly disconnected from the job market, according to a new analysis published Wednesday by the Joint Economic Committee Republicans.

Sens. Jon Ossoff and Raphael Warnock are pushing for Medicaid expansion in the Democrats' reconciliation bill, with opposition from Sen. Joe Manchin,

Nevada Republican Senate candidate Adam Laxalt says he believes Democrats' "transformational" reconciliation bill could help him win his race.

A group of nearly 100 banks and other industry groups urged the Biden administration to drop a plan to force banks to turn over most customers' account information to the Internal Revenue Service.

Federal Reserve officials are poised to start slowing their aggressive bond-buying program in November, the first step in dialing back pandemic-era support for the U.S. economy.