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The bipartisan deal reached by President Biden and House Speaker Kevin McCarthy to raise the debt ceiling rescinds more than $21 billion in funding from the IRS.

Gatestone Institute senior fellow Gordon Chang criticizes the Biden administration's handling of China amid its rising aggression.

Prosecutors urged a federal court judge to deny FTX founder Sam Bankman-Fried's request to dismiss criminal charges filed over allegations he stole from customers.

Rep. Michael Waltz, R-Fla., urges Biden and House Speaker McCarthy not to falter on the country's obligations in an effort to pass the debt bill.

The bipartisan budget deal between President Biden and House Republicans will raise the debt limit until January 2025, when a new Congress and possible new president will take office.

President Biden and House Speaker Kevin McCarthy reached an “agreement in principle" on Saturday night avoiding a potential U.S. default.

Debt ceiling negotiations are at a fever pitch, with House Speaker Kevin McCarthy and President Joe Biden planning a phone conversation in the near future.

Democrat Rep. Alexandria Ocasio-Cortez, D-N.Y., said during a town hall on Friday that the debt limit should be eliminated for constitutional reasons.

Rep. Garret Graves of Louisiana said negotiators for House Republicans and the White House have identified what their biggest differences are.

Former President Donald Trump and Florida Gov. Ron DeSantis and their allied super PACs are the biggest spenders so far in the 2024 presidential race.

House Republicans are attempting to undo President Biden’s controversial mortgage rule that took effect earlier this month.

The Treasury Department announced auctions for short-term Treasury bills will proceed next week in a sign the government may have additional time to raise the debt limit after June 1.

The Federal Reserve may hike interest rates for the 11th straight time in June amid signs of stubbornly high inflation, according to Wall Street traders.

FOX Business host Larry Kudlow reveals what he believes voters will consider as their most important issues in the 2024 presidential election on "Kudlow."

The Department of the Interior held its first oil and gas lease sale in 11 months despite a federal statute requiring the agency to hold more regular auctions.

Rep. Alexandria Ocasio-Cortez, D-N.Y., on Thursday blamed Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, I-Ariz., for Democrats’ failure to raise the debt limit last year before losing the House majority to Republicans.

The odds of the U.S. government defaulting on its debt are rising as Washington negotiators struggle to strike a deal, according to JPMorgan analysts.

FOX Business host Larry Kudlow evaluates how debt ceiling negotiations between President Biden and House Speaker McCarthy are playing out on "Kudlow."

Federal Reserve officials are split over whether to pause their aggressive interest-rate hike campaign at the June policy-setting meeting, minutes showed.

If President Biden and Republicans fail to strike a deal to raise the debt ceiling, it could trigger a deep recession that sends unemployment above 8%.