Government Spending

One week after President Biden signed the American Rescue Plan into law, the White House is undertaking a new venture: Selling the $1.9 trillion coronavirus relief package to families across the country.  

Forbes Media Chairman Steve Forbes weighs in on the long-term impact of the Biden administration raising taxes.

The extra $300-a-week unemployment benefit included in President Biden's coronavirus relief plan may not arrive until mid-April or later.

Rep. Nancy Mace, R-S.C., slammed President Biden's reported tax hike proposal on Wednesday arguing that it would hurt wages and jobs.

Twenty-one Republican attorneys general threatened to take action against the Biden administration over a key element of the recently signed $1.9 trillion coronavirus relief law.

The biggest U.S. banks are beginning to deliver stimulus checks to eligible Americans Wednesday morning following some criticism over the timing of the third round of direct cash payments. 

The IRS has agreed to not seize some Americans' stimulus check to offset outstanding federal tax debts, according to an agency watchdog. 

A former Microsoft executive on Tuesday pleaded guilty to attempting to fraudulently collect $5.5 million in PPP loans.

Treasury Secretary Janet Yellen indicated that President Biden is open to pursuing a wealth tax as a means of paying for his multitrillion-dollar agenda and addressing the nation's swelling federal budget deficit. 

New York lawmakers unveiled a new proposal on Sunday that includes nearly $7 billion in tax hikes on top earners and Wall Street.

The third round of stimulus checks began flowing into Americans' bank accounts over the weekend — but for those still awaiting its arrival, there's a quick way to track the status. 

Rep. Van Drew responds to the Biden administration eying the first major tax hike since 1993.

President Biden is reportedly planning to include the first major tax hike in close to 30 years in the next economic spending bill set to follow his $1.9 trillion coronavirus relief package.

President Biden will tap Gene Sterling, a former top economic official in the Obama and Clinton administrations, for a role to oversee the enactment of the administration’s $1.9 trillion coronavirus relief plan.

Treasury Secretary Janet Yellen believes that 2022 will see a return to full employment, crediting the recently passed COVID-19 relief bill as a major step down the path toward recovery.

Banks have begun processing $1,400 federal stimulus checks for many Americans as part of President Biden's $2 trillion COVID-19 relief package.

The American Rescue Plan includes $350 billion in unfettered aid for state and local governments, with $195.3 billion directed toward state governments and Washington, and $130.2 billion allocated for local governments.

President Biden on Thursday signed into law a sweeping coronavirus relief package that includes $1,400 stimulus checks for many Americans — but some individuals with unpaid debts could have that money seized this time around.  

Moody's Analytics chief economist Mark Zandi says now is the time for "aggressive" fiscal support.

Democrats snuck a handful of surprise tax hikes on corporations in President Biden's sweeping coronavirus relief package that combined are worth more than $60 billion.