Money

Tax experts are raising concerns about the sprawling social spending plan that President Biden outlined on Thursday, urging the White House to release additional details about the nearly $2 trillion package and the tax increases on the wealthy and well-off corporations that will finance it.

Mobius Capital Partners founder Mark Mobius provides insight into inflation and the supply chain crisis, arguing that prices will go up "dramatically"

Treasury Secretary Janet Yellen predicted on Friday that a nearly $2 trillion White House spending initiative will help lower rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices.

House progressives made clear they won't budge on their demand for the reconciliation bill to pass at the same time as the bipartisan infrastructure bill, but they are willing to back a massively scaled-down version of reconciliation.

Rep. Claudia Tenney, R-N.Y., on the new version of the spending bill.

Senate Minority Leader Mitch McConnell ripped the Democrats for "doubling down" on the spending play amid "raging inflation" on "Kudlow."

Former New York Mets owner Fred Wilpon donated $40 million to the University of Michigan’s Kessler Presidential Scholars Program to support first-generation college students.

House Minority Leader Kevin McCarthy slammed the Democrats' spending bill for going after the American working class.

President Biden on Thursday outlined a slew of new taxes on corporations and the ultra-wealthy in order to pay for the bulk of his signature economic spending plan – but a new analysis suggests the rate increases could generate $500 million less than the White House estimated.

Chicago and Los Angeles will launch universal basic income pilot programs, with applications opening tomorrow.

House Speaker Nancy Pelosi is urging Democrats to pass a stalled $1 trillion infrastructure package as soon as today, but is being rebuffed by progressive lawmakers who are threatening to vote against the bipartisan measure unless it's accompanied by a larger, party-line spending bill.

Average interest rates for private student loan refinancing remain low, but you may qualify for an even better rate by doing your research.

President Biden on Thursday, in his final pitch before traveling to Europe for the G20 summit, urged Congress to support his revised economic agenda, admitting that "no one got everything they wanted, including me."