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Former Treasury Secretary Larry Summers said Wednesday that the sizzling-hot June inflation report had ramped up the odds of a "significant" economic downturn.

Microsoft co-founder Bill Gates announced Wednesday that he plans to donate nearly all his wealth, and will no longer be among the world's richest people.

President Biden is under fire from Republicans over inflation reaching another record high Wednesday, with the Consumer Price Index reaching 9.1%.

Inflation hit a new four-decade high in June, the fastest increase since 1981, six months after President Biden said "it’s the peak of the crisis."

American workers have experienced a whopping $3,400 decrease in annual wages thanks to inflation under President Biden, erasing all money received from pandemic stimulus checks.

Republicans are introducing a new bill to hold the Biden admin accountable for rising inflation, by requiring inflation impact to be taken into consideration in executive actions.

Painfully high inflation persisted in June as the consumer price index soared to another 40-year high, adding to a growing list of political problems for the Biden administration.

Former House Speaker and Fox News contributor Newt Gingrich discusses Biden's energy policies constricting U.S. oil production as gas prices hit all-time highs

Inflation is expected to have surged again in June, with the Labor Department's consumer price index likely climbing by 8.8%, notching another four decade high.

FOX Business host Larry Kudlow provides insight on the state of the economy as Americans struggle with record-high inflation Tuesday's 'Kudlow.'

The White House is already downplaying the June inflation report ahead of its release on Wednesday morning as economists brace for another record-breaking increase.

The entire Republican delegation on the House Energy and Commerce Committee wrote a letter to the Environmental Protection Agency on Tuesday, demanding plans for the power crisis.

The Biden administration deemed 66 years old to be too old to fly a commercial airline as a pilot, but President Biden himself turns 80 years old this November.

The Department of Health and Human Services said the U.S. will order more than 3 million doses of Novavax, Inc. COVID-19 vaccine upon emergency authorization.

Sen. Ted Cruz condemned Biden's immigration policies saying they inflict misery on Texas and they will continue unabated because that's what the White House wants

Elon Musk fired back at Donald Trump after the former president called him a "bulls--- artist" at a rally in Alaska. Musk also called for a "legal maximum age" for the presidency.

The White House expects a large inflation number Wednesday, but press secretary Karine Jean-Pierre blamed Russia and argued prices are already falling.

FOX Business host Larry Kudlow blasted President Joe Biden for playing the blame game as American struggle with record-high inflation on Monday's "Kudlow."

FOX Business' Stuart Varney discusses the president's handling of multiple domestic crises as speculation and criticism regarding his run in 2024 grows.

Former Connecticut Sen. Joe Lieberman explained Biden's 'big mistake' and why his poll numbers are 'jarring' on 'Mornings with Maria'