Joe Biden

The sweeping social spending and climate bill that House Democrats passed on Friday morning includes a temporary repeal of a Trump-era limit on the state and local tax deduction – a policy that would deliver huge windfalls to the wealthy while providing almost no benefit to middle-class Americans.

The White House on Friday defended President Biden's nominee for Treasury Comptroller of the Currency Saule Omarova, calling her “imminently qualified” for the role, just a day after she was forced to walk back past controversial statements.

The White House on Friday maintained that President Biden’s “Build Back Better” agenda, which passed the House of Representatives Friday morning and is headed to the Senate, will not add to the deficit—despite the nonpartisan Congressional Budget Office score stating the contrary.

President Biden's Build Back Better spending plan was narrowly passed by the House of Representatives on Friday. Here's what it means for your finances.

House Democrats on Friday celebrated the passage of a sweeping $1.75 trillion tax and spending plan that makes up the bulk of President Biden's economic agenda, billing the measure as "transformational," even as it faces an uphill battle – and looming changes – in the Senate.

Harvard Economist Kenneth Rogoff discusses inflation, Biden’s Build Back Better agenda and the Federal Reserve.

FOX Business' Stuart Varney breaks down why Build Back Beter is "financial trickery" during his latest "My Take."

House lawmakers voted to pass President Biden’s expansive spending bill on Thursday night despite strong opposition from Republicans and lingering questions about the White House’s claim that the cost of its policies will be fully covered.

Florida Bankers Association CEO Alex Sanchez discusses the fate of community banks under Biden’s to Treasury post nominee.

House GOP Leader Kevin McCarthy, R-Calif., spoke for more than two hours on the floor ahead of a crucial House vote on Thursday night, making his final case against the President Biden social spending bill that Republicans say will cause long-term damage to the U.S. economy.

Sen. Bill Hagerty, R-Tenn., expressed his "shock" Thursday that the upper chamber is being asked to consider Biden's "radical" nominee for Comptroller of the Currency, Saule Omarova.

The nonpartisan Congressional Budget Office estimated Thursday that President Biden’s social spending bill will add $367 billion to the federal deficit over the next 10 years, without counting potential revenue from an IRS tax enforcement crackdown that White House officials claim will cover the remaining cost.

Some of the wealthiest and most prolific Democratic donors are likely to benefit financially if Democrats are successful in repealing a Trump-era limit on state and local tax (SALT) deductions.

Peter Navarro argues "nothing happened." which worked to China's advantage after Biden's meeting with President Xi Jinping.

The nation’s largest nursing home association is sounding the alarm on President Biden’s social spending package, saying it could have a "devastating impact" and force thousands of long-term care facilities to limit admissions or close their doors.

House Speaker Nancy Pelosi on Thursday defended the inclusion of changes to the state and local tax deduction in President Biden's signature spending plan, even though economists across the political spectrum agree the policy would serve as a windfall to wealthy Americans.

FOX Business' Stuart Varney, during his latest "My Take" on "Varney & Co.," said Biden is locked into “far-left policies” creating problems for Americans after a Washington Post-ABC News poll showed the president's approval rating dropped to a new low of 41%.

President Biden has started to bill his massive social spending and climate bill as the key to slowing hotter-than-expected inflation, but three top economists say the $1.75 trillion package could ultimately add more fuel to the fire.

Senate Republicans aim to block Saule Omarova's nomination to be comptroller of the currency.

Enhanced IRS tax enforcement provisions included in President Biden’s social spending bill will cause audits to double over the next 10 years, according to a Republican memo distributed by House Minority Leader Kevin McCarthy, R-Calif., to GOP lawmakers on Thursday morning.