Government Spending

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

The IRS is sending about 1 million eligible American taxpayers a payment this month for the pandemic-era Recovery Rebate Credit that they didn't claim on their 2021 tax returns.

NATO released its annual defense spending report this year that showed a record 23 countries in the alliance met NATO's commitment to spend at least 2% of GDP on defense.

FOX Business host Larry Kudlow offers his analysis to the GOP on "Kudlow" as lawmakers continue to battle over a spending bill to avoid a government shutdown.

Kevin O'Leary believes Congress' "political theater" will end with a "punt" so lawmakers can "go home, open some presents, come back and fight again" in the New Year.

The TSA warned that an extended partial government shutdown could result in longer wait times for holiday season travelers even as most TSA workers will remain on the job.

Criticizing the continuing resolution's "Christmas tree ornaments," Sen. Tommy Tuberville called the short-term funding extension "absolutely ridiculous" and a "disaster."

President-elect Trump said that his administration will challenge a recently announced remote work deal between a federal employees' union and the Social Security Administration.

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.

The Department of Government Efficiency (DOGE) will have a difficult time cutting $2 trillion from the federal budget, but that amount of saving can be achieved over time, experts say.

Penn Wharton Budget Model analysis outlines policies the Trump administration could pursue to reduce the long-term growth of the national debt while spurring additional economic growth.

Former White House chief of staff Mick Mulvaney said he hopes Elon Musk and DOGE succeed where he failed and manage to trim government waste from the budget.

The incoming Trump administration's Department of Government Efficiency compares the cost of illegal immigration on U.S. taxpayers to the price tags of other projects.

President-elect Trump named economist Kevin Hassett as his choice to serve as the director of the National Economic Council, which helps develop the White House's economic policies.

Iowa Republican Sen. Joni Ernst sent a letter to Elon Musk and Vivek Ramaswamy outlining areas where the Department of Government Efficiency (DOGE) can cut costs.

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.

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.

FOX Business' Stuart Varney reacted to President-elect Trump selecting Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency to chop waste and fraud out of the U.S. government.

Department of Government Efficiency (DOGE) co-lead Elon Musk is pointing to famed economist Milton Friedman's take on which federal agencies should be scrapped.

President-elect Trump's DOGE, led by Elon Musk and Vivek Ramaswamy, is reportedly considering the creation of a mobile app for taxpayers to file their returns more conveniently.