Government Spending

President Biden on Wednesday again downplayed concerns about the recent burst of inflation, maintaining that surging consumers prices are temporary even as he cautioned that restaurants and other businesses in the hospitality sector could take longer to recover from the pandemic.

Speaker Nancy Pelosi on Thursday stood by her earlier demand that the House will not vote on the bipartisan infrastructure deal until the Senate also passes a sweeping, multitrillion-dollar spending package using budget reconciliation.

Former Reagan economist Art Laffer discusses how President Biden's spending plans impact the U.S. economy.

Republicans on the House Budget Committee are asking congressional leaders to including spending controls with any increase debt ceiling increase, as the July 31 expiration of the debt limit suspension looms.

The White House shot back at Republicans on Wednesday as GOP leaders signaled they would not vote to raise the debt limit, despite a warning from the Congressional Budget Office that the Treasury Department could run out of money as soon as this coming October.

Republicans on Wednesday lambasted Democrats for attempting to unilaterally pass a sprawling $3.5 trillion reconciliation bill, raising concerns that another burst of government spending will act as an accelerant to already rapidly inflation.

Oklahoma Sen. James Lankford reacts to the Democrats forcing a vote on the bipartisan infrastructure bill without it being completed.

A new analysis published this week shows that Democrats' reconciliation measure may cost $2 trillion more than expected.

Bipartisan lawmakers trying to pass a $1.2 trillion infrastructure bill have agreed to a new revenue-raising measure after dropping a provision to toughen tax enforcement at the Internal Revenue Service, Sen. Jon Tester said Monday.

California's legislature has passed a bill that will approve monthly payments with no restrictions to foster kids when they age out, and for pregnant women.

Medicare, the health insurance program for older Americans, would cover dental, vision and hearing under a massive $3.5 trillion budget blueprint reached by Democrats this week that would vastly expand the government-funded social safety net.

In an effort to bolster security efforts, the State Department has announced a Rewards for Justice program. The reward payments may include cryptocurrency.

Larry Kudlow says Democrats do not care about growth and slams 'woke economics' in his monologue.

That state of California is paying the full amount of past-due rent for lower-income renters who fell behind during the coronavirus pandemic.

Sen. John Barrasso, R-Wyo., argued Wednesday that America "can't afford" Democrats' $3.5T spending package.

Mick Mulvaney told FOX Business' "Mornings with Maria" that there is "no way" to pay for Senate Democrats' $3.5 trillion spending bill without raising taxes on the middle class.

Treasury Secretary Janet Yellen said Tuesday that she's prepared to inform Congress she will immediately deploy "extraordinary measures" to avoid violating the government debt limit as lawmakers hurtle toward the July debt deadline.

Miami Mayor Francis Suarez joined FOX Business' "Varney & Co." Tuesday with calls for the United States to step in following widespread protests against the Communist regime in Cuba.

The thinking of White House officials is that a recent inflation surge could last for some time, but that the spike is ultimately transitory and will clear up once widespread bottlenecks that have severely disrupted the supply chain begin to dissipate.

FOX Business' Stuart Varney during his latest "My Take" argued that "Democrats are buying votes" and making America more like Europe with the new child tax credit.