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FOX Business host Larry Kudlow voiced his concerns about government spending as Americans struggle due to record-high inflation on Thursday's "Kudlow."

Treasury Secretary Janet Yellen argued that two back-to-back declines in economic growth do not mean the economy is in a recession, even though that is the unofficial sign.

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.

FOX Business host Larry Kudlow reacted to the Federal Reserve raising rates and voices national security concerns between the Fed and China on "Kudlow."

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.

Federal Reserve Chairman Jerome Powell said Wednesday that the strong labor market likely means the U.S. economy is not in a recession, despite growing fears.

Rep. Chrissy Houlahan, D-Pa., said the U.S. would be in a "much more difficult place" without legislation like the Paycheck Protection Program and American Rescue Plan.

The Federal Reserve on Wednesday approved another super-sized interest rate hike as it tries to tackle inflation, which hit another record-high in June.

Bacon, egg and cheese, a New York City breakfast tradition, is reportedly being hit by inflation. Bodega owners have had to increase costs for the sandwich.

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.

For nearly a decade, China has been targeting Federal Reserve employees in an attempt to undermine American monetary policy, according to a Senate report.

FOX Business host Larry Kudlow calls out the Biden administration's handling of the U.S. economy and explains efforts to improve the United States on "Kudlow."

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.'

Democrats keep changing the definition of common words. Now Treasury Secretary Janet Yellen wants to redefine the definition of a recession. This tactic will not work.

The Federal Reserve is expected to approve another massive interest rate increase at the end of its two-day meeting on Wednesday as it ramps up its inflation battle.