US national debt to rise by $20 trillion over the next 10 years: CBO
The CBO released its annual budget and economic outlook which projects that the U.S. national debt will grow by about $20 trillion over the next 10 years.
Robolox shares surge as gamers above 17 years old play
Roblox Corp reported fourth quarter earnings that beat analysts' expectations on Wednesday, and shares for the online gaming platform are now up roughly 20%.
Chevron weighs extending CEO Mike Wirth past mandatory retirement age
Mike Wirth is in his fifth year as chief executive of Chevron. High oil and natural-gas prices lifted Chevron’s annual profit last year to a record $35.5 billion.
Biden invokes 'chaos,' sticks to refusal to negotiate on debt during first post-State of the Union speech
President Joe Biden on Wednesday said defaulting on the national debt -- as advocated by some Republican lawmakers -- would lead to "chaos."
Is the US ready for a four-day work week?
Research shows 64% of managers expect their company to transition to a four-day schedule within the next five years.
Republicans sound off on Dem spending amid debt ceiling battle
Capitol Hill Republicans voiced their displeasure with Democratic spending levels as House Speaker Kevin McCarthy met with President Biden over raising the debt ceiling.
Game on! Rubik’s Cube announces eco-friendly version of the famous rotating puzzle
Rubik's Cube launched their first-ever 100% recycled cube for purchase. Manufactured by Spin Master, the model is a part of their sustainability initiative to be more eco-friendly.
FedEx cutting over 10% of management roles
FedEX CEO Raj Subramaniam announced in a letter to team members the company was reducing over 10% of its executive roles to maintain efficiency during uncertain economic times.
AOC blames Trump tax cuts for deficit when asked if Democrats have spent too much
House Democrats are blaming former President Donald Trump for the rising national debt and trillion-dollar budget deficits two years after Trump left office and Democrats assumed control of Congress.
3M cutting thousands of jobs, profits tumble
3M, the maker of Scotch Tape and Post It Notes, will reduce 2,500 jobs at locations around the world due to macroeconomic uncertainty.
Big spending cuts required to balance federal budget: CRFB
Balancing the federal budget would require significant spending cuts without tax increases and even additional tax revenue may not close the deficit, based on a CRFB report.
Bipartisan TRUST Act aims to shore up Social Security, Medicare, Highway trust funds
The bipartisan TRUST Act would establish rescue committees that propose financial fixes for endangered trust funds that feed Social Security, Medicare, and highway projects.
US debt ceiling forces Treasury into 'extraordinary measures'
The U.S. officially hit its debt ceiling of $31.38 trillion Thursday, which prompted the Treasury Department to use "extraordinary measures" to avoid defaulting on the national debt.
GOP lawmakers propose balanced budget amendment as US nears debt ceiling
Republican lawmakers are offering proposals to add a balanced budget amendment to the Constitution as the U.S. is poised to hit its debt ceiling Thursday.
Exxon set to order 5th Guyana oil vessel, sizing up more blocks
Guyana is hosting an auction for licenses to explore more of its offshore oil fields. Exxon currently dominates these oil fields, but other players smell blood.
Budget cap battle brewing between GOP, Dems as debt limit looms
Democrats and Republicans in Congress are set to debate spending and the national debt as the federal government faces a looming deadline to raise the debt limit.
Small business owners explain why banning gas stoves isn't for everyone
Northwoods Stove & Fireplace owners Brian and Holly Duffy argue small, rural towns can't afford to rid of gas appliances.
US debt ceiling will require Treasury 'extraordinary measures' to avoid default
With the U.S. on track to hit the debt ceiling limit next week, Treasury Secretary Janet Yellen warns 'extraordinary measures' will be taken to navigate the crisis.
Larry Kudlow: A political and fiscal drain from clogged Democratic arteries could invigorate a shaky economy
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."
$31.4T government debt limit close to maxing out
The federal government is expected to reach its debt limit in the next few weeks which will prompt the Treasury to take extraordinary measures to stave off default.