House Republicans demand answers from CBO after it 'miscalculated' student loan program budget by $500B
House Republicans are calling on the Congressional Budget Office to provide information on how it “miscalculated” the costs of the federal student loan program associated with the Health Care and Education Reconciliation Act.
GOP lawmaker predicts economic recession as Biden says he’s not concerned
Texas Rep. Troy Nehls, a Republican, warned that America is likely headed into an economic recession as the latest GDP numbers illustrated a 1.4% contraction.
Biden's student loan forgiveness plan: Breaking down the cost
President Biden this week revived the possibility of wiping out millions of Americans' student loan debt with the stroke of a pen, a policy that could cost the federal government $321 billion.
Varney: Big sister is watching you in Biden’s America
FOX Business' Stuart Varney discusses Biden's disinformation governance board as Elon Musk acquires Twitter
Biden canceling student debt would make inflation worse, experts warn
Several economic experts are sounding the alarm that inflation, which is sitting at 8.54%, become even more rampant should large swaths of student debt be forgiven by the federal government instead of being repaid.
Grim GDP report undercuts Democrats' midterm messaging
The latest Gross Domestic Product (GDP) numbers out Thursday are poised to hamper Democrats' key argument heading into the midterm elections that the U.S. economy has rebounded from the dark days of the coronavirus pandemic.
Yellen defends Biden's massive stimulus bill, despite sky-high inflation
Treasury Secretary Janet Yellen on Thursday defended President Biden's nearly $2 trillion COVID-19 stimulus bill despite criticism that the burst of government spending acted as an accelerant for the highest inflation in 40 years.
Biden 'not concerned' about recession after US economy shrinks in first quarter of 2022
President Biden on Thursday said he is “not concerned” about recession in the immediate future, just hours after the Commerce Department announced that the U.S. economy shrank 1.4% at the beginning of 2022—marking the worst quarter in two years.
US economy on brink of 'major recession,' Deutsche Bank warns
Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.
US economy shrank at the beginning of 2022 and stagflation could be next
Thursday’s report from the Commerce Department on total output of goods and services for the first quarter of this year provides further evidence that the economy is approaching stagflation territory.
Biden admin trying to get oil from Venezuela, Iran is an economic, national security crisis: Marc Short
Coalition to Protect American Workers executive director Marc Short discusses a new political ad targeted at President Biden.
US economy shrank 1.4% at beginning of 2022, marking worst quarter in 2 years
The U.S. economy cooled markedly in the first three months of the year, as snarled supply chains, record-high inflation and labor shortages weighed on growth and slowed the pandemic recovery.
Child Tax Credit: Advocates propose new way to expand monthly payments for parents
With the expiration of child tax credit payments, policy analysts at the CBPP have suggested a new way for state governments to financially support families.
White House touts 'small business boom' ahead of midterm elections, despite high inflation, gas prices
Facing the prospect of a shellacking for his party in the upcoming midterm elections amid high inflation and gas prices, President Biden is touting a “small business boom” coming out of the pandemic and releasing a four-pillar economic strategy for small businesses.
Biden admin phasing out old-fashioned light bulbs to save energy
The Biden administration is phasing out incandescent light bulbs in favor of more efficient lighting to conserve energy and save businesses and American consumers billions.
House committee questions McKinsey executive over opioid, FDA consulting work
Members of Congress questioned global consulting firm McKinsey & Company's top managing partner Wednesday about the company's work for U.S. health regulators as it advised opioid drugmakers on how to boost painkiller sales. The hearing is part of an ongoing investigation into McKinsey's role in the opioid crisis.
Looming 'housing recession' has builders appeal to Biden administration
As mortgage rates and home prices reach record highs, the National Association of Homebuilders is now calling on the White House to take action.
Sanders urges Biden to block 'anti-union' companies like Amazon from federal contracts
Sen. Bernie Sander is pressuring President Biden to take action against corporations that engage in union-busting, specifically calling out Amazon while urging him to ban such entities from receiving federal contracts.
Because of Biden, America's energy situation 'keeps getting worse': Alaska governor
Alaska Governor Mike Dunleavy argued that the American energy situation “keeps getting worse” due to the Biden administration’s energy policies.
Manchin says he's not for reviving Biden's Build Back Better agenda
Sen. Joe Manchin, once again, poured cold water on hopes the Senate would pass President Biden's ambitious Build Back Better social spending plan.



















