Spending

The Federal Reserve for months has taken a patient stance on hotter-than-expected inflation, reiterating frequently that a months-long surge in consumer prices is transitory and that raising interest rates too soon risks the U.S. from achieving full jobs recovery.

House Speaker Nancy Pelosi and her leadership team Friday doubled down on a plan to put the bipartisan infrastructure bill and a procedural rule for Democrats' reconciliation bill up for a vote despite not having the votes for final passage of the reconciliation bill.

House Speaker Nancy Pelosi moved to save face with a procedural vote on Democrats' reconciliation bill Friday after an effort to pass it stalled yet again after a small group of moderates demanded the House wait for scores from the Congressional Budget Office.

House Minority Leader Kevin McCarthy said Democrats aren't listening to voters by trying to advance their "irresponsible" spending plan.

House progressives made clear they won't budge on their demand for the reconciliation bill to pass at the same time as the bipartisan infrastructure bill, but they are willing to back a massively scaled-down version of reconciliation.

House Minority Leader Kevin McCarthy slammed the Democrats' spending bill for going after the American working class.

Democrats are moving ahead with a hearing on their reconciliation bill -- before they've even come to an agreement on what to put in it.

President Biden leaves the U.S. for a climate summit Thursday, but Democrats appear poised to miss an end-of-month deadline to agree on reconciliation and pass infrastructure -- just like they did last month.

Sens. Jon Ossoff and Raphael Warnock are pushing for Medicaid expansion in the Democrats' reconciliation bill, with opposition from Sen. Joe Manchin,

Manchin said President Biden agreed with him that it is unseemly to force the IRS to report bank accounts' inflows and outflows to the IRS.

Two high-profile House progressives said this week that they would vote for the infrastructure bill in exchange for assurances from President Biden that reconciliation will pass.

Among the major factors motivating Democrats to come to a deal this week: President Biden leaves Thursday for a climate summit, and Virginia gubernatorial candidate Terry McAuliffe is taking heat for Democrats' failure to pass the infrastructure bill.

Fox Business host and former Trump economic adviser Larry Kudlow highlighted the failures of Biden's major policy initiatives as the president has faced several domestic crises in recent weeks.

Larry Kudlow shares his thoughts on the president's declining approval rates.

Republican senators argued that Democrats new proposed IRS bank account reporting requirement would still affect nearly every American, but the Treasury said some GOP attacks are incorrect.

President Biden is meeting with 17 total members of Congress on Tuesday as Democrats' reconciliation talks drag on.

President Biden is also making calls to many House Democrats Monday and will also go to Scranton Wednesday as he pushes for trillions in social and climate programs.

Progressives lashed out at Sen. Joe Manchin, the moderate Democrat from West Virginia, after Axios reported he wants means testing and work requirements attached to the child tax credit.

American retailers are trying to maintain an optimistic outlook ahead of the pivotal holiday-shopping season but are alarmed about the broader effects of the current labor shortage and pandemic-induced supply chain disruptions.

House Progressive Caucus Chair Pramila Jayapal hit House Speaker Nancy Pelosi in a Tuesday fundraising email.