Government Spending

President Biden on Friday maintained that his spending bill would not add to the deficit, and said it likely would not reach $3.5 trillion this year, as moderate and progressive Democrats continue to debate a price tag for the package.

The Biden administration has laid out a deeply controversial plan to crack down on wealthy tax evaders by giving the Internal Revenue Service additional scrutiny over most Americans' bank accounts.

Rep. Kevin Brady, R-Texas, provided insight into Biden’s tax hikes during an appearance on FOX Business’ “Varney & Co.” Thursday, arguing the president’s spending plan will “significantly hurt” businesses.

Federal Reserve officials last month worried that disrupted supply chains were raising the risks of more persistent inflation.

U.S. inflation accelerated last month and remained at its highest rate in over a decade, with price increases from pandemic-related labor and materials shortages rippling through the economy.

House Progressive Caucus Chair Pramila Jayapal hit House Speaker Nancy Pelosi in a Tuesday fundraising email.

Kansas Sen. Roger Marshall argued inflation is a top issue on the minds of Americans.

House Speaker Nancy Pelosi expressed little concern about public opposition to Democrats' proposal to force banks to report inflows and outflow of every account with more than $600 in activity per year to the IRS.

The House of Representatives is set to raise the debt ceiling on Tuesday, averting an economic crisis. But Democrats still have a lot to do to pass President Biden's agenda,

House Problem Solvers Caucus Chairman Josh Gottheimer says in a Tuesday op-ed for NJ.com that the House of Representatives should pass the bipartisan infrastructure bill quickly to get "shovels in the ground."

The House of Representatives will vote on the Senate-passed temporary debt ceiling increase on Tuesday evening.

Congress is gearing up for a hectic December, faced with a flurry of must-pass spending bills and economic deadlines that could have catastrophic consequences if lawmakers miss them.

Treasury Secretary Janet Yellen has reiterated support for the global minimum tax as Congress continues to debate President Biden’s titanic infrastructure bill.

Progressive Rep. Primila Jayapal said she is pushing President Biden to stick to his $3 trillion spending plan instead of the $2 trillion range that he has proposed to Democrats this week.

'Kudlow' host Larry Kudlow criticizes Biden's spending plan.

White House Principal Deputy Press Secretary Karine Jean-Pierre on Thursday called the Senate's debt ceiling agreement a "positive step forward."

FOX Business' Stuart Varney provides insight into President Biden's excessive spending plans and the U.S. economy.

The Senate is set this week to temporarily avert a debt ceiling default, but the fundamental impasse between Republicans and Democrats remains and might rear its head later this year.

Democrats reached a deal to narrow the scope of a plan from the Biden administration that could force banks to turn over customers' account information to the Internal Revenue Service.

'Kudlow' host Larry Kudlow clues the president in on lack of support from Americans on his economic intentions.