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If Congress fails to raise or suspend the debt ceiling and the federal government defaults on its financial obligations, it will have a tangible economic impact. Stock prices will fall and interest rates will rise, according to Moody's Analytics. Here's why you should lock in a low mortgage rate now.

House Speaker Nancy Pelosi talked a big game that President Biden’s $1 trillion bipartisan infrastructure bill would pass this week. Progressive members of the House, however, flexed their power Thursday evening, spurring Pelosi to call off the effort to pass the bill after negotiations on their reconciliation bill stalled.

House Democrats couldn't muscle through the bipartisan infrastructure bill Thursday

President Joe Biden's administration says it has followed a court order to schedule an offshore oil and gas lease sale for the Gulf of Mexico after the Democratic president's moratorium on new oil and gas leasing on federal lands was blocked by a judge.

U.S. Federal Reserve Chair Jerome Powell on Thursday promised to redouble efforts to find "diverse candidates" to replace two high-profile officials who resigned this week after criticism of their securities trading, as the central bank tried to regroup from a blow to its typically staid, technocratic image.

A video from Campus Reform shows students questioning President Joe Biden's spending plans after learning the numbers on America's national debt

Sen. Elizabeth Warren, D-Mass., and Rep. Jesús “Chuy” García, D-Ill., reintroduced a bill Thursday that would ramp up scrutiny of proposed mergers between the country’s biggest banks, the latest in a series of moves by federal lawmakers to crack down on business practices they consider harmful to competition.

Larry Kudlow gave his take on the reconciliation bill during his Thursday monologue on 'Kudlow'

With the federal government days away from its first default in U.S. history, Treasury Secretary Janet Yellen argued Thursday that Congress should eliminate the borrowing limit entirely to prevent similar risks in the future.

West Virginia Sen. Joe Manchin says he is willing to go "from zero" to a top line of $1.5 trillion on his fellow Democrats' planned reconciliation bill.

The budget debates happening in Congress this week are about much more than the spending and debt we’ll saddle ourselves with over the next decade.

Sen. Kyrsten Sinema, D-Ariz., reiterated Thursday that she will not support a $3.5 trillion spending bill, in the latest sign of discord among key Democrats as President Biden scrambles to rally support for his signature piece of legislation.

FOX Business' Stuart Varney argued the Democrat Party has split.

Following the investigation's findings, the FAA required Virgin Galactic to implement changes to how it communicates to the agency during flight operations. Virgin Galactic has also updated its calculations to expand the protected airspace for future flights to ensure "ample protected airspace for a variety of possible flight trajectories during spaceflight missions."

As Democrats forge ahead with unilateral negotiations on President Biden’s $3.5 trillion spending package, Republicans – and at least one Democratic moderate – caution the expansive slate of social programs included in the bill could have lasting negative consequences for American workers.

The IRS is close to getting all-out access to the bank accounts and transactions of everyday Americans.

Business Roundtable has elected GM CEO Mary Barra as its incoming chair, making her the first woman to lead the association

Larry Kudlow gave his take on the spending bills during his Wednesday monologue on 'Kudlow'

Tesla CEO Elon Musk says the Biden administration appears to be "biased' against the electric vehicle maker, and "seems to be controlled by unions."

Wyoming Senator John Barrasso blasted President Biden's "reckless" tax and spending plan on "Kudlow."