Government Spending

The U.S. is in the midst of a productivity boom. That is positive for wages and inflation because higher revenue can absorb increased wages without companies raising prices. It isn’t such great news for the jobs outlook if employers conclude they can meet sales goals with less hiring.

Former acting White House chief of staff and former OMB Director Mick Mulvaney reacts to Biden administration’s proposed budget.

Parents can expect to receive some extra cash beginning on July 15, when the IRS will start distributing the expanded child tax credit authorized under President Biden's coronavirus relief plan.

Sen. Joe Manchin, D-W.Va., is resisting growing pressure from his fellow Democrats to go it alone on President Biden's proposed $2.3 trillion tax and spending plan, even as infrastructure negotiations between the White House and a coalition of Republicans ran into a wall this week.

Long-running infrastructure negotiations between President Biden and a coalition of Republicans stalled out this week, with the two sides still deeply divided over the size and scope of a package to rebuild the nation's crumbling roads and bridges.

Transportation Secretary Pete Buttigieg laid down a June 7 deadline for "clear direction" on a bipartisan infrastructure bill.

President Biden will meet with Sen. Shelley Moore Capito, the leading negotiator for a group of moderate Republicans seeking a bipartisan infrastructure deal, on Monday.

Rep. Rodney Davis, R-Ill., on what it would take for President Biden to get an infrastructure deal passed.

Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue.

President Biden is billing his sprawling $1.8 trillion spending proposal as a once-in-a-generation opportunity to bolster the U.S. economy, but a new analysis published this week shows that it could slash growth in the long term due to a slew of tax hikes.

President Biden cited the May jobs report on Friday as evidence that his economic plan is working and the U.S. is poised for a full recovery from the coronavirus pandemic, even though employers hired fewer workers than expected last month.

Consumer prices are rising across the world, pushing inflation levels in wealthy nations in April to the highest level in 12 years, the Organization of Economic Cooperation and Development said this week.

Rep. Kevin Brady, R-Texas, unveils family paid leave proposal and the push to end government checks in an effort to propel the economy.

President Biden offered to scrap his proposed corporate tax hike during negotiations with Republicans on an infrastructure plan, a source familiar with the matter said Thursday.

President Biden has unveiled a sweeping proposal to bolster the government-funded social safety net, a $1.8 trillion measure that would be funded by substantially raising taxes on wealthy Americans.

Former CBO Director and American Action Forum President Douglas Holtz-Eakin argued the U.S. economy is recovering on its own.

U.S. companies are struggling with supply chain disruptions and hiring difficulties and expect consumer prices to rise across the country in coming months, the Federal Reserve said Wednesday.

A coalition of House Republicans is calling on President Biden's chief economic adviser to explain how the administration plans to combat the "burgeoning inflation crisis" as the White House pushes another $6 trillion in new spending.

The size of President Biden’s proposed budget for fiscal year 2022: $6 trillion. Major spikes in spending for almost everything. Health care. Climate change. Education. Infrastructure.

President Biden is slated to meet with Sen. Shelley Moore Capito on Wednesday as Republicans and the White House make a last-ditch effort to strike a bipartisan infrastructure deal.