Government Spending

The new bill expands the scope of exceptions and simplifies language that was used in its Senate counterpart, which Sen. Mitt Romney introduced last month.

The Biden administration is taking steps to contain voter outrage over surging inflation, but the initiative comes after critics say the White House misjudged the economic situation.

A government watchdog found that more than 1,800 government scientists collected 27,244 royalty payments in recent years, even after at least two of them died.

FOX Business' Stuart Varney discusses U.K. Prime Minister Boris Johnson's political faults and policies as the country's economic stability begins to slide

Republican Sen. Rand Paul on Monday introduced a new bill that calls for a balanced budget over the next five years with a series of spending cuts.

The time frame for Social Security and Medicare to go-broke has been pushed back, helped by a stronger-than-expected economic recovery from the coronavirus pandemic.

The Fed's preferred gauge to track inflation climbed 4.9% in April from the previous year, close to the highest level since 1983.

Larry Kudlow reacted to the Congressional Budget Office report, which recognized Donald Trump's tax cuts worked and slammed increased government spending.

Former U.S. Representative Ron Paul gives his take on the state of the United States' economy and voices concerns over price-fixing on ‘Making Money.’

The procurement timeline for some vehicles can run for years, meaning the military will have to fulfill all current contracts despite the rising costs.

California Gov. Gavin Newsom announced Thursday an $18.1 billion package aimed at relieving inflation for struggling Californians.

The House of Representatives is planning to announce they will give staffers in Washington, D.C., and in district offices, free Peloton memberships using taxpayer dollars each month amid skyrocketing inflation.

The April inflation report was expected to be a harbinger of good news for the U.S. economy, evidence that sky-high consumer prices had finally started to fall.

Inflation cooled for the first time in months in April, even as supply chain constraints, the war in Ukraine and strong consumer demand continued to keep consumers prices running near a 40-year-high.

FOX Business' Stuart Varney on the Biden administration's plans to combat rising inflation ahead of the president's address Tueday.

Americans' inflation fears remained near a record-high in April, with consumers expecting the price of everyday goods to stay elevated in the coming years, according to a key Federal Reserve Bank of New York survey published Monday.

President Biden has floated the possibility of erasing some student loan debt for millions of Americans, reviving a campaign promise as he faces mounting pressure from progressives as well as declining approval ratings.

Georgia and local governments have authorized a $1.5 billion incentive package to build a 7,500-job, $5 billion electric vehicle plant

President Biden this week revived the possibility of wiping out millions of Americans' student loan debt with the stroke of a pen, a policy that could cost the federal government $321 billion.

Treasury Secretary Janet Yellen on Thursday defended President Biden's nearly $2 trillion COVID-19 stimulus bill despite criticism that the burst of government spending acted as an accelerant for the highest inflation in 40 years.