Government Spending

A basic income program that is giving 1,000 Los Angeles County residents $1,000 per month over the next three years has launched, according to officials.

Purdue University President Mitch Daniels blasted Biden's student loan handout as "cynically political," arguing it will worsen an already "terrifying' national debt."

The Secret Service returned $286 million in fraudulently-obtained COVID relief funds to the SBA that fell under the Economic Injury Disaster Loans.

An analysis released by the Wharton School of the University of Pennsylvania found that President Biden's loan forgiveness program could cost up to $1 trillion.

The White House argues that restarting student loan payments in early 2023 will offset any inflationary effects from handing out $300 billion for outstanding loans.

President Biden's student loan debt plan was met with cheers and jeers. FOX Business breaks down some of the key points for those who qualify and those who don't.

President Biden is gearing up to make an announcement on student loan debt forgiveness, but a new analysis shows that cancelling debt could cost up $980 billion.

FOX Business' Stuart Varney discusses Biden and the Democrats touting the Inflation Reduction Act as Americans are unsatisfied with the current state of the country.

Former Congressional Budget Office Director Doug Holtz-Eakin says he's "very concerned" the Biden administration will pass legislation that won't "deliver" to Americans.

FOX Business host Larry Kudlow called out the Democrats' social spending package and explains the little impact it will have on climate change on "Kudlow."

United Refining Company Chariman and CEO John Catsimatidis discusses the increase in IRS agents and its effects on middle-class Americans and unions.

Senate Democrats passed the Inflation Reduction Act on Sunday, but the health care and climate spending bill could actually reduce millions of Americans' take-home pay.

Senate Democrats on Sunday passed a sweeping spending package targeting health care and climate change, funded by a slew of new taxes targeting stock buybacks and corporations.

Larry Kudlow voices his concerns that the Inflation Reduction Act will not actually reduce inflation and instead step up the attack on fossil fuels.

President Joe Biden’s latest tax-and-spend scheme will have a crushing effect on American manufacturing.

A new spending bill introduced by Sens. Joe Manchin and Chuck Schumer could cost the U.S. economy an estimated 30,000 jobs over the next decade, according to the Tax Foundation.

Sen. Bill Hagerty, R-Tenn., criticizes Democrats' spending bill that boosts power of the IRS and enables the government to 'snoop' on Americans.

FOX Business' Stuart Varney discusses Sen. Manchin's decision to back the Democrats' spending agenda and the impact it will have on West Virginia residents.

The spending initiative from Democratic Sens. Chuck Schumer and Joe Manchin will do little to combat inflation as prices surge to another record-breaking high.

The tax, climate and health care proposal outlined by Democrats this week would close a popular tax loophole used by private equity and hedge fund managers.