Government Spending

President Biden made a renewed push on Monday to galvanize congressional Democrats to overhaul the nation's tax code and dramatically raise rates on corporations and ultra-wealthy Americans.

Small businesses are increasingly worried about the impact of red-hot inflation, with a majority of owners raising prices on consumers to offset the financial pain, according to a Chamber of Commerce survey.

President Biden on Monday unveiled a new minimum tax targeting billionaires as part of his 2023 budget request, proposing a 20% rate that would hit both the income and unrealized capital gains of the wealthiest Americans.

The USPS has doubled the number of electric vehicles it plans to buy as part of a $3 billion order for 50,000 delivery trucks.

FOX Business' Stuart Varney discusses the Gas Rebate Act of 2022 as Democrats look to lock in voters ahead of the midterms.

President Biden’s signature legislation, the $1.9 trillion American Rescue Plan, allocated $350 billion to assist struggling localities and states get through the COVID-19 pandemic.

Several states are taking steps to temporarily pause gasoline taxes in hopes of offsetting surging prices at the pump – but the benefits may be slow to reach Americans.

Several states are taking steps to temporarily roll back gasoline taxes in hopes of providing some relief for Americans who are experiencing surging prices at the pump.

St. Louis Federal Reserve President James Bullard said Friday the U.S. central bank needs to raise interest rates much faster in order to combat the hottest inflation in four decades – or risk losing its credibility.

California Democrats have unveiled a new proposal that would send a $400 rebate to every taxpayer in the state to help offset the financial pain of surging gasoline prices.

The California tax is used to fund roads and other infrastructure projects; the state's Legislative Analyst's Office projected the tax will generate about $8.8 billion in revenue during the 2021-22 fiscal year.

Rep. Kevin Brady, R-Texas, on Congress eyeing legislation to sever ties with Russian oil as bipartisan calls to ban imports into the U.S. grows.

The U.S. is blocking financial transactions of Russia's central bank assets and freezing any of the assets held by Americans following Putin's invasion of Ukraine.

The number of people on Medicaid has increased almost two and a half times what it was in 2000.

Ukraine's $6 billion defense budget is about a tenth of Russia's, according to recent data from Stockholm International Peace Research Institute.

The way to develop the 5G network lays in the hands of the wireless companies, former FCC commissioner Robert McDowell argues.

Congress has just a couple of days to avoid a government shutdown.

The White House approved $5 billion in infrastructure spending to expand the electric network, but some remain skeptical the money will go where it's most needed.

A proposal from some Senate Democrats to temporarily pause the federal gas tax in order to help combat the pain of surging prices at the pump could actually exacerbate inflation, according to a new analysis.

FOX Business' Stuart Varney breaks down inflation and its massive impact on the car industry