Spending

A TikTok star is helping cash-strapped Americans feed themselves this holiday season by suggesting a Thanksgiving feast for two people for just over $10.

The DOD failed an annual audit of its assets for the sixth year in a row, officials announced this week. A Pentagon spokesperson said that the organization is "learning."

Retail sales rose more than expected in September as consumers continued to open their wallets and spend, even as they confronted an uptick in inflation.

The national debt is now at $32 trillion, less than two weeks after President Biden signed a bill into law that allows unlimited borrowing by the federal government through the end of 2024.

Yellen has sent Congress several warnings that the Treasury will run out of cash to pay all of the government's obligations in early June

Rep. Garret Graves of Louisiana said negotiators for House Republicans and the White House have identified what their biggest differences are.

House Speaker Kevin McCarthy indicated he was not worried about a letter from House conservatives demanding that he not compromise on provisions included in debt ceiling increase legislation they had passed.

Rep. Alexandria Ocasio-Cortez, D-N.Y., on Thursday blamed Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, I-Ariz., for Democrats’ failure to raise the debt limit last year before losing the House majority to Republicans.

The International Monetary Fund initially predicted Germany and Britain alone to suffer recessions as inflation remains high across Europe and spending drops in response.

The Railway Safety Act of 2023 could pass through the Senate Commerce Committee this week but not everyone is happy about some of the provisions in the bill.

Universal basic income programs are spreading throughout the country and are giving low-income people and families $500 a month or more, funded in part through federal legislation.

Rep. Chip Roy said the upcoming debate on the debt ceiling will be a time to strike a deal on how to trim federal spending, which has led to a $31.3 trillion national debt.

Lifestyle and etiquette expert Elaine Swann answers the question many are asking: Is a tip at the counter required? Swann explains the basis for making the decision whether to tip.

Congress woke up Tuesday morning with the daunting task of passing a $1.7T spending bill before the end of the week, with little time to read its 4,155 pages.

Congressional leaders are expected to release their spending plan for the rest of the fiscal year, and deficit hawks are nervous it will pile on billions in new spending.

The rapid growth in U.S. government debt is being financed by domestic U.S. entities, not foreign governments, and that shift poses risks to economic growth.

Year-end spending and tax priorities could set up Democrats in Congress for a wave of legislation that adds hundreds of billions of dollars to the national debt.

Democrats on Thursday rejected a resolution that asked the Treasury Department to give Congress its assessment of whether big spending bills are having an effect on inflation.

Congress could consider hundreds of billions in new spending at the end of 2022, which would require new borrowing and would keep inflationary pressures elevated, says one budget expert.