Surging inflation hurts low-income Americans the most, new study shows
American consumers are grappling with the highest inflation rate in more than three decades, and the surge in the price of everyday goods is disproportionately hurting low-income workers, according to a new analysis published Monday by the Joint Economic Committee Republicans.
Kudlow: Allow American producers to produce
Larry Kudlow takes a closer look at inflation and the supply chain crisis as it continues to worry the American people
Biden uses infrastructure signing to set up BBB passage, gives Sinema major role
President Biden used the signing ceremony for his $1.2 trillion infrastructure bill on Monday to feature Sen. Kyrsten Sinema, D-Ariz., who is one of the two moderate Democrats who have stood in the way of his Build Back Better bill.
Buttigieg defends Harris after WaPo calls him more effective than VP: Tough assignments 'a sign of respect'
U.S. Transportation Secretary Pete Buttigieg celebrated the long-stalled bipartisan $1.2 trillion infrastructure bill signed into law by President Biden on Monday. He joined FOX Business' Cavuto: Coast to Coast' to discuss the bill's passing, as well as reports of White House friction involving VP Kamala Harris.
IRS to deliver fifth child tax credit payment this week to 36M families
Millions of parents across the U.S. can expect to receive some extra cash this week, when the IRS will start distributing the fifth round of payments from the expanded child tax credit.
CBO score on Democrats' spending plan expected Friday, paving way for votes
The Congressional Budget Office (CBO) is expected to finish scoring Democrats' massive reconciliation spending bill by Friday afternoon, potentially setting up a vote in the House of Representatives to pass the bill over the weekend.
Biden's spending plan could cost nearly $5T if made permanent, analysis shows
President Biden has unveiled a framework for a modified social spending plan that imagines spending close to $1.75 trillion over the next decade, but budget experts say the true cost of the legislation would be closer to $5 trillion because of the way the programs are structured.
California's average gas price hits new high
Prices in California, according to AAA, have been on an uphill swing, increasing from the $4.625 per gallon mark a week ago. About a month ago, prices were $4.466 per gallon, according to AAA. However, prices were hovering at $3.176 per gallon a year earlier.
Varney on 'wall of money' flooding economy, markets: We've never seen anything like this
FOX Business’ Stuart Varney argues the president's economic agenda could lead to more inflation and monumental debt
What's in the $1.2T bipartisan infrastructure bill?
President Biden on Monday plans to sign the long-stalled $1.2 trillion infrastructure package into law, an integral part of his economic agenda and the largest investment in the nation's crumbling roads and bridges in decades.
Democrats trying to push through ‘reckless’ bill: Sen. Scott
Sen. Rick Scott, R-Fla., discusses Biden and the Democrats' spending bills that will contribute to "more inflation."
Biden’s massive spending bill set to collide with debt ceiling, funding fights after CBO score delay
Several must-pass bills with deadlines in December, plus rising inflation, could put President Biden's biggest agenda item in doubt.
Biden and Xi Jinping set modest expectations for Monday meeting
President Biden’s China policy, a mix of confrontation and cooperation, will face a stress test when he meets virtually Monday evening with President Xi Jinping, as the leaders attempt to build on signs of easing hostility.
Biden's tax breaks for local media an effort to turn them into 'versions of leftist NPR or PBS,' critic says
President Joe Biden is proposing to give a major tax break to local media outlets as part of the $1.85 trillion reconciliation being considered by Congress.
Trumps selling prized Washington, DC hotel for $375 million
Donald Trump’s family hotel company has reached an agreement to sell the rights to its glittering Trump International Hotel, located in Washington, D.C., for $375 million.
Yellen ties end of inflation with 'successful' response to COVID pandemic
Treasury Secretary Janet Yellen on Sunday claimed that the end of inflation will depend on the pandemic and whether there is a “successful” response to COVID-19 by the Biden Administration.
Top Biden economic adviser says $1.75T spending bill will reduce inflation
White House national economic director Brian Deese on Sunday touted the Democrats’ $1.75 trillion social spending and climate package as the solution to reducing inflation.
Walmart earnings, Biden’s controversial Treasury pick on the hill and housing data top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Elon Musk slams Bernie for demanding wealthy pay 'fair share’: 'You're still alive'
Tesla CEO Elon Musk hit back at Sen. Bernie Sanders with a devastating response to his demands that the wealthy “pay their fair share."
Yellen admits labor participation 'quite depressed' compared to pre-pandemic levels
U.S. Treasury Secretary Janet Yellen has admitted that labor force participation is "quite depressed" compared to pre-pandemic levels, blaming COVID-19 for the issue.


















