Budget

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

House Speaker Kevin McCarthy told Republican lawmakers during a closed-door meeting that the White House was "dug in" on spending and tax increase demands.

President Biden called himself a "congenital optimist" and signaled an openness to some form of compromise with Republicans on raising the debt limit.

Several GOP lawmakers spoke with Fox News Digital this week about how their voters feel about the debt limit fight in Washington.

Sen. Eric Schmitt, R-Mo., a member of the Joint Economic Committee, claimed President Biden's budget proposal shows he's "not serious" about negotiating with Republicans.

Republicans in the House and Senate are hammering President Joe Biden over his newly unveiled budget proposal for Fiscal Year 2024, and House GOP said their budget is coming soon.

House Republicans are looking at ways to avoid a debt default, including by exemption debt and entitlement payments from the debt ceiling once the ceiling is reached.

The House Ways and Means Committee will consider a bill on Thursday that would prioritize federal spending if the U.S. hits the debt ceiling later this year.

FOX Business host Larry Kudlow breaks down the U.S. debt ceiling and reveals how the House GOP can revive the economy by proposing a budget resolution on "Kudlow."

California is facing a $24 billion budget shortfall for 2023-24 as ongoing concerns about inflation and a potential recession create economic uncertainty.

Airfare prices surged earlier this summer as consumers flooded U.S. airports. However, as we enter "shoulder season," Travel website Hopper says prices will drop 25% from peak prices in May.

Tyler Goodspeed slammed Biden's budget proposal during a Monndy segment of "Mornings with Maria."

Rep. Byron Donalds, R-Fla., who sits on the House Budget Committee, is accusing Democrats of hurting the poor with Build Back Better's vaping tax.

President Biden nominated Shalanda Young to lead OMB after more than a decade serving on the House Appropriations Committee.

President Biden on Wednesday is expected to nominate Shalanda Young to be permanent director of the Office of Management and Budget, Fox News has learned.

The provision in question is buried deep in the bill sewn together by House Democrats as they desperately try to get legislation across the finish line after a GOP trouncing at the polls on Tuesday.

Sen. John Barrasso, R-Wyo., the ranking member of the Senate Energy and Natural Resources Committee, released an “investigative report" looking at “how Europe’s energy crisis serves as a dire warning to the United States if Democrats enact President Biden’s budget blowout," according to a press release exclusively obtained by FOX Business.

Democrats will finally pass their $3.5 trillion—or trimmed $1.5 trillion—big, social spending plan by deploying a special process called budget reconciliation to muscle it through the United States Senate.

FOX Business' Stuart Varney provides insight into President Biden's excessive spending plans and the U.S. economy.