Government Spending

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.

President Biden tried to take credit for what he claims is an improving economy durin ghis State of the Union speech Tuesday night. Americans aren't falling for it.

Director of the National Economic Council Brian Deese will resign from his position in mid-February, a senior White House official told FOX Business.

Sen. Rand Paul, R-Ky., sounds the alarm on the thousands of alleged federal employees who were caught stealing pandemic jobless benefits.

Lawmakers are proposing a new bill to crack down on telemarketers by forcing could them to disclose certain information within 30 seconds of the call.

House Speaker Kevin McCarthy reveals the first thing he'll say when meeting with Biden after the president said he’ll show his budget if McCarthy shows his.

Changes to the income-driven repayment plans from the Biden team could cost more than double what the White House projected, according to Penn Wharton.

House Speaker Kevin McCarthy, R-Calif., and President Biden will meet at the White House to discuss the debt ceiling and government spending on Wednesday.

House Democrats are blaming former President Donald Trump for the rising national debt and trillion-dollar budget deficits two years after Trump left office and Democrats assumed control of Congress.

FOX Business' Stuart Varney discusses Biden's response to Republican lawmakers attempting to cut federal spending as the U.S. hits $31.4 trillion in debt.

House Speaker Kevin McCarthy claims he's not considering budget cuts to Social Security or Medicare as Congress negotiates fiscal pathways to raising the debt ceiling.

The U.S. government bumped up against the debt limit last week, prompting the Treasury Department to take emergency measures to avoid a potential default.

Balancing the federal budget would require significant spending cuts without tax increases and even additional tax revenue may not close the deficit, based on a CRFB report.

Treasury Secretary Janet Yellen dismissed the idea of minting a $1 trillion platinum coin to raise the debt limit without Congress as a "gimmick" that the Fed may not agree with.

Rep. Dan Meuser calls out Democrats' "excessive, wild, wasteful" spending impacting interest rates, Social Security, the labor sector, housing and Medicare.

Sen. Joe Manchin spoke with FOX Business' Maria Bartiromo about the risks of wasteful government spending and environmental policies embedded in the Inflation Reduction Act.

FOX Business host Larry Kudlow takes a look at our economy and expresses the importance of returning to a pro-growth agenda and pursuing prosperity in order to avoid socialism on 'Kudlow.'