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.
New York Republican proposes to slash student loan interest rates
Rep. Mike Lawler, R-N.Y., has introduced legislation that would slash student loan interest rates to one percent and permit federal borrowers to retroactively refinance their debt.
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.
Trump’s pick for US ambassador to Israel says it would take five minutes to shut down Iran’s ‘money tree’
Former Arkansas Gov. Mike Huckabee said President-elect Donald Trump's Middle East policy will strengthen bonds with Israel while putting "maximum pressure" on Iran.
GOP rep says 'without a doubt' Congress will act under Trump's leadership
Rep. Jason Smith, R-Mo., discusses the Republican's clean sweep, wasteful government spending, President-elect Trump's Cabinet selections and the U.S.'s budget deficit.
Republicans pick up 'essential' seats in California as party closes in on House control
Fox News senior congressional correspondent Chad Pergram has the latest as the House GOP edges closer to securing the majority on 'The Evening Edit.'
Ingrained bureaucracy is going to do 'everything in its power' to stop GOP agenda, rep says
Rep. Mario Diaz Balart, R-Fla., discusses the media slamming minority voters as misogynists for supporting President-elect Trump, the Republican and Trump agenda and House Speaker Johnson seeking a second term.
GOP's sweep is 'a little bit different' than 2016, GOP pollster says
GOP pollster Mitchell Brown weighs in on the landslide victory for President-elect Trump, whether the Republicans will secure the House races and where the Democrats went wrong with young male voters.
Democrats 'really played this thing wrong,' strategist says
Pollster Chris Wilson and Democratic consultant Julian Epstein provide their analysis of the 2024 presidential election results and the impact on the Democratic Party.
We 'really desperately need the House,' stresses GOP rep
Rep. Richard McCormick, R-Ga., weighs in on the 2024 presidential election, Donald Trump's performance with Black and Latino men and the need to secure the House majority.
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.
Why some Americans will receive an extra Social Security check in November
Some American retirees will receive an extra Social Security payment in November due to a scheduling quirk involving the payment schedule of SSI payments to beneficiaries.
Federal deficit nears $2 trillion and getting worse, experts warn
The federal budget deficit exceeded an estimated $1.8 trillion in fiscal year 2024, the CBO reported. Budget watchdogs are warning that the U.S. needs to act to rein in budget deficits.
Seniors to get moderate cost of living bump in Social Security payments next year
The Social Security Administration announced 2025's cost of living adjustment (COLA) to Social Security checks.