Joe Biden

The repackaged Inflation Reduction Act of 2022 would raise an estimated $739B over a decade, fight climate change, curb pharmaceutical prices and reduce debt, according to Democrats.

President Biden reacted to Thursday's GDP report, saying it is “no surprise that the economy is slowing down” amid inflation, despite saying earlier this week that the United States would not be entering a recession.

Jared Bernstein, a member of the White House Council of Economic Advisers, wrote that a recession is defined as two consecutive quarters of negative GDP growth.

Second-quarter GDP data will be released on Thursday and it is expected to show that economic growth declined in the spring, which could indicate the economy is in recession.

The Biden administration and allies of the president are pushing for the public to "ignore" the definition of a recession ahead of Thursday's GDP report.

The Chinese Foreign Ministry spokesperson accused U.S. lawmakers of having "Chinaphobia" after the release of a Senate report on meddling in the Federal Reserve.

In an exchange with reporters, President Joe Biden confirmed he will soon make a decision on student loans. Here are the choices he is weighing.

Experts slammed President Biden after he touted a modest decrease in gas prices, a change of tune from when the president said there was little he could do about surging costs.

The former top economist in the Trump White House criticized the Biden administration's attempt to downplay recession fears, saying the economy was headed toward a sharp downturn.

Americans for Tax Reform President Grover Norquist sounded off on state inflation relief checks, inflation and the White House's attempts to redefine 'recession.'

President Biden said "God willing" the United States is "not coming into a recession," ahead of a looming GDP report that will likely show the economy has slowed for two consecutive quarters.

President Biden is destroying U.S. energy industry and ordinary Americans, especially in rural states like Montana, are suffering as a result of his actions.

Power The Future, a group that advocates for cheap energy, announced a six-figure ad buy Monday targeting President Biden over his similarities to former President Jimmy Carter.

FOX Business' Stuart Varney discusses President Biden's standing among his party as Democrats grapple with a possible 'red wave' in the 2022 midterms.

The White House said that even if the GDP estimate is negative for a second straight month, it's "unlikely" that the country is in a recession.

U.S. Rep. Ro Khanna, a progressive from California, suggested that producing more goods in America rather than importing them from overseas will help lower inflation.

Commerce Secretary Gina Raimondo said Sunday on CBS News’ "Face the Nation" that U.S. inflation has "probably" peaked but that the economic crisis is a global one.

With the midterms approaching, Gigi Sohn, a favorite of progressives, may not have the necessary support from Senate Democrats to get to 50 votes to run the Federal Communication Commission.

Experts criticized Transportation Secretary Pete Buttigieg's comments this week suggesting that electric vehicles could be cheaper than comparable cars during a House hearing.

FOX Business' Stuart Varney discusses the "good thing" to come out of Biden's positive COVID diagnosis and what it could mean for the rest of the country.