Elon Musk is on the 'flight path' to cutting deficit in half, GOP rep says
DOGE Caucus founder Rep. Aaron Bean, R-Fla., on Elon Musk's efforts to curtail government spending and a discovery regarding social security.
Treasury Secretary Scott Bessent calls for Trump tax cuts to be made permanent
Treasury Secretary Scott Bessent appeared on FOX Business Network's "Kudlow" and urged Republicans to make President Donald Trump's tax cut permanent, rather than a temporary extension.
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.
Credit rating agency warns of congressional debt limit stalemate despite GOP majority
Fitch Ratings released a report warning that Congress could struggle to raise or suspend the debt limit while also dealing with annual spending bills and an anticipated tax reform bill.
We need to 'attack' government spending, GOP rep says
Rep. Beth Van Duyne, R-Texas, discusses Republican lawmakers considering to include raising the debt limit in the reconciliation bills, why she voted against the continuing resolution and new legislation she has introduced.
Consequences of debt ceiling not being raised would be 'catastrophic,' CBO director warns
Congressional Budget Office Director Phillip Swagel weighs in on President-elect Trump's calling for the government funding bill to raise the debt ceiling, the Federal Reserve's handling of rates and possible tariffs.
Poor Republican leadership is driving spending bill rebellion: Rep. Nicole Malliotakis
Rep. Nicole Malliotakis, R-N.Y., discusses whether the government will shut down after House Republicans revolt over GOP-backed spending bill on 'Varney & Co.'
The federal deficit keeps growing and the Congressional Budget Office has solutions
The nonpartisan Congressional Budget Office released a report analyzing 76 policy options for reducing the federal budget deficit, including spending cuts, entitlement and tax reforms.
Expert issues warning over America's trajectory if debt isn't addressed
Penn Wharton Budget Model faculty director Kent Smetters joins 'Varney & Co.' to discuss how their research-based analysis could reduce the national debt if implemented.
We need to get on a 'glide path' to balance federal budget, Texas Republican says
Rep. Pat Fallon, R-Texas, breaks down what needs to be done to address government spending and balance the U.S. budget on 'Cavuto: Coast to Coast.'
Treasury secretary nominee Scott Bessent's '3-3-3' plan: What to know
President-elect Trump's nominee to serve as Treasury secretary, Scott Bessent, has a 3-3-3 plan that aims to curb budget deficits while spurring economic growth and energy production.
US national debt hits a new record: $36 trillion
The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.
Budget watchdog calls on lawmakers to address US debt
Committee for a Responsible Budget President Maya MacGuineas breaks down DOGE's plan to reform government spending and how lawmakers should address the U.S. debt.
Next president faces fiscal fight in 2025 over debt, deficits and taxes
The winner of the presidential election and majorities in Congress will face several looming fiscal deadlines for the national debt, spending levels and expiring tax cuts in 2025.
This is the 'Texas two-step' for 'unleashing prosperity': Republican lawmaker
Rep. Jodey Arrington, R-Texas, explains how a Republican leadership in government can unleash prosperity, how the federal budget can be cut, and discusses former President Trump's tax proposals.
How much would the Harris and Trump economic plans add to the debt?
A new analysis by the Committee for a Responsible Federal Budget (CRFB) found that former President Trump's and Vice President Harris' economic plans would add trillions to the debt.
Gold prices rise to all-time highs with US debt mounting, election uncertainty
Gold prices have reached record highs this week amid uncertainty surrounding the upcoming election as well as the continued growth in the U.S. national debt and fiscal deficits.
Trump can bring down inflation: John Paulson
Billionaire hedge fund manager and Trump fundraiser John Paulson said that former President Trump's economic plan would help lower inflation in part by curbing excess spending.
Yellen touts IRS enforcement as helping close the budget deficit
Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by addressing the tax gap with respect to unpaid tax debts.
Top economist says cutting the federal headcount 'should be done'
Heritage Foundation public finance economist EJ Antoni gives his outlook for the national deficit and supports cutting 'counterproductive' federal jobs.