Government Spending

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.

NAACP President Derrick Johnson criticized President Biden for a lack of movement on student loan cancellation after the White House excluded debt forgiveness from its $6 trillion budget proposal last week.

Brian Bolter, owner of Dry 85 in Annapolis, Maryland, spoke with FOX Business about the impact of labor shortages in the service industry.

Eurozone inflation rose to 2% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued.

Progressive Democrats are calling on President Biden to abandon the infrastructure talks with Republicans.

The U.S. economy is on track to grow at the fastest pace in nearly four decades this year thanks to unprecedented levels of government stimulus and increased vaccination rates.

President Biden's budget blueprint predicts modest economic growth during his presidency and beyond, despite the rosy rhetoric Biden has projected on how a federal spending spree is needed to spur on job creation.

President Biden's $6 trillion spending plan reportedly assumes that his proposed capital gains tax hike begins in April – meaning it would likely be too late for wealthy Americans to dodge the new levy.