Government Spending

Treasury Secretary Janet Yellen dismissed the idea of minting a $1 trillion platinum coin to raise the debt limit without Congress as a "gimmick" that the Fed may not agree with.

Rep. Dan Meuser calls out Democrats' "excessive, wild, wasteful" spending impacting interest rates, Social Security, the labor sector, housing and Medicare.

Sen. Joe Manchin spoke with FOX Business' Maria Bartiromo about the risks of wasteful government spending and environmental policies embedded in the Inflation Reduction Act.

FOX Business host Larry Kudlow takes a look at our economy and expresses the importance of returning to a pro-growth agenda and pursuing prosperity in order to avoid socialism on 'Kudlow.'

Former Connecticut Sen. Joe Lieberman urges Republicans and Democrats to come together and "work it out" on spending after the U.S. hits the debt limit.

Brian Wesbury says he's 'not bullish anymore' on the economy as he forecasts a recession following the federal government's response to the COVID pandemic.

Rep. Andrew Garbarino called on Democrats to start negotiating with House Speaker Kevin McCarthy to solve the debt ceiling crisis and to curb federal spending.

Senior economic adviser to President Biden Gene Sterling emphasizes the "economic risk" caused by hitting the debt ceiling and urges Congress act to raise the limit.

JPMorgan Chase CEO Jamie Dimon on Thursday weighed in on the debt ceiling, telling CNBC that it is "not something we should be playing around with."

Rep. Nicole Malliotakis criticized Democrats for not addressing the debt limit sooner and for refusing to work with Republicans to solve the nation's financial problems.

The debt ceiling is the legal limit on the total amount of debt that the federal government can borrow on behalf of the public. Congress last voted in 2021 to lift the debt ceiling.

The U.S. officially hit its debt ceiling of $31.38 trillion Thursday, which prompted the Treasury Department to use "extraordinary measures" to avoid defaulting on the national debt.

Republican lawmakers are offering proposals to add a balanced budget amendment to the Constitution as the U.S. is poised to hit its debt ceiling Thursday.

Sen. Joe Manchin calls for bipartisan collaboration and President Biden's cooperation in putting forth a balanced congressional budget to prevent rising debt.

Former United Nations ambassador Nikki Haley blasted President Biden's recent comments where he called Republican's "fiscally demented."

If Congress fails to raise the roughly $31.4 trillion federal debt limit by June, it could trigger a "self-inflicted" recession and "severe" market pain.

Former Congressional Budget Office director Douglas Holtz-Eakin unpacks the risks caused by Congress holding the debt limit hostage to spending reforms.

FOX Business host Larry Kudlow slams President Biden for touting his economic agenda while government spending continues to soar on 'Kudlow.'

Democrats and Republicans in Congress are set to debate spending and the national debt as the federal government faces a looming deadline to raise the debt limit.

With the U.S. on track to hit the debt ceiling limit next week, Treasury Secretary Janet Yellen warns 'extraordinary measures' will be taken to navigate the crisis.