Bill banning TikTok app headed to House after unanimous committee vote
A bill introduced to ban the Chinese-owned application TikTok from U.S. app stores is heading to a House vote after passing its committee with a unanimous 50-0 vote.
McCarthy details what Biden's really like behind closed doors: 'Sticks to the cards'
Former House Speaker Kevin McCarthy revealed what President Biden is like in private meetings, disclosing for the first time the president's use of notecards.
No relief for seniors as big drop forecasted for Social Security COLA
Early estimates for Social Security benefits and cost of living adjustments are low as inflation slows, but seniors struggle to make ends meet.
IRS left sensitive taxpayer info vulnerable to leaks, Inspector General finds
Sensitive taxpayer information is vulnerable to access and removal because of poor Internal Revenue Service security, determined an inspector general investigation prompted by a recent leak scandal involving former President Trump's tax returns.
Comer announces plan to subpoena major credit card companies for Biden family records: 'We're winning'
House Oversight Committee Chairman James Comer, R-Ky. announced he has subpoenaed American Express for Biden family records with more companies to follow.
Soaring deficits to push publicly held debt to record level in 4 years
The national debt is projected to eclipse a record set in 1946 in four years after surpassing the size of the U.S. economy according to the CBO's latest projection.
CBO report says US deficit to skyrocket in next decade
The Congressional Budget Office released its budget and economic outlook for the next 10 years and projects deficits rising from $1.6 trillion this year to over $2.6 trillion in 2034.
FAA boss reacts to calls to raise pilots' mandatory retirement age
A Senate committee could be taking up raising the pilot retirement age in the U.S. from 65 to 67 on Thursday, and the head of the FAA weighed in during a hearing.
Top House Dem faces renewed ethics complaint over wife's $1.5M stock payday
The Center for Renewing America, a conservative policy group, has filed an ethics complaint against Rep. Jamie Raskin, D-Md., for failing to disclose his wife's stock trades.
Yellen dodges on whether Treasury Department moved to surveil Americans' legal purchases
Treasury Secretary Janet Yellen dodged questions after she was asked to confirm whether the department is monitoring Americans' private transactions for signs of "extremism."
Federal deficit blew up $89B more in 1st quarter 2024 than last year
The federal budget deficit widened by $89 billion in the first three months of FY24 compared to the same period last year, with rising interest costs outpacing higher tax revenue.
Social Security is coming for a bigger chunk of your paycheck
The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.
Social Security recipients could get hit with a surprise tax bill this year
The record-high Social Security cost-of-living bump that beneficiaries received in 2023 could come back to bite them during this year's tax-filing season.
House committee warns DOL new independent contractor rule threatens small businesses
The House Committee on Small Business is joining business and trade groups in urging the Department of Labor to reconsider its new rule on classifying independent contractors.
Lawmakers roll out $80B bipartisan tax deal to expand child tax credit, bolster US-China competition
House and Senate negotiators released a bipartisan framework for a tax deal they say will help American families struggling to get by and bolster innovation in U.S. businesses.
Hunter Biden defends including father on business calls: 'Do you have a dad?'
Hunter Biden defended his decision to include his father, then-Vice President Joe Biden, on business phone calls with Ukrainian associates during an exchange with FOX Business.
Bipartisan House bill on AI fraud aims to set safeguards on Americans' 'digital personas,' rights to likeness
Rep. María Salazar, R-Fla., and Rep. Madeleine Dean, D-Pa., introduced the No AI Fraud Act aimed at protecting Americans' rights against artificial intelligence.
Seniors say 2024 Social Security payment increase not enough to keep up with inflation: survey
As seniors deal with rising inflation, some consider rejoining the workforce to deal with rising costs.
The future of Bidenomics: You pay Social Security tax on all of your income?
With another four years of Bidenomics, you can be certain that, at the individual and corporate level, a perpetuity tax on Social Security will become front and center.
Congressional Republicans celebrate SBA collecting on more COVID loans after pressuring agency
Congressional Republicans are celebrating the SBA collecting on COVID-19-era loans after pressuring the agency to get the payments.