Government Spending

President Biden unveiled a revised framework last week for a modified social spending plan that imagines spending close to $1.75 trillion over the next decade, but a new analysis released Tuesday suggests the actual price tag is far higher.

A massive bin stuffed with pumpkins appeared in a hallway of the U.S. Capitol shortly after President Biden began a conclave with House Democrats about his struggling domestic agenda last week

House Republicans blasted President Biden and Democrats' multitrillion-dollar spending and infrastructure package, warning that, if passed, inflation in the United States will "continue to skyrocket."

Rep. Kevin McCarthy on whether the Democrat Party is turning on President Biden.

Rep. David Kustoff, R-Tenn., on why he won't support the Democrats' "huge" spending packages.

The U.S. would have the highest personal income tax rate in the developed world under a White House proposal that would overhaul the nation's tax code in order to fund President Biden's signature spending plan.

Democrats aim to raise $400 billion in new revenue over the next decade by beefing up the Internal Revenue Service and cracking down on rich tax evaders, a plan that hinges on a revived fear of audits among the wealthy.

Most American voters are skeptical about the impact of two spending packages that congressional Democrats are aiming to pass before the end of the year, despite fervent negotiations that have consumed Capitol Hill for months.

Treasury Secretary Janet Yellen on Monday renewed her push for Congress to raise the debt ceiling before the U.S. government runs out of cash in early December, but she said Democrats should be willing to address the issue on their own if Republicans refuse to act in a bipartisan manner to avoid a first-ever debt default.

Treasury Secretary Janet Yellen predicted on Friday that a nearly $2 trillion White House spending initiative will help lower rising inflation amid concerns that another burst of government spending will act as an accelerant to already rapidly rising consumer prices.

House progressives made clear they won't budge on their demand for the reconciliation bill to pass at the same time as the bipartisan infrastructure bill, but they are willing to back a massively scaled-down version of reconciliation.

Rep. Claudia Tenney, R-N.Y., on the new version of the spending bill.

Senate Minority Leader Mitch McConnell ripped the Democrats for "doubling down" on the spending play amid "raging inflation" on "Kudlow."

House Minority Leader Kevin McCarthy slammed the Democrats' spending bill for going after the American working class.

President Biden on Thursday outlined a slew of new taxes on corporations and the ultra-wealthy in order to pay for the bulk of his signature economic spending plan – but a new analysis suggests the rate increases could generate $500 million less than the White House estimated.

House Speaker Nancy Pelosi is urging Democrats to pass a stalled $1 trillion infrastructure package as soon as today, but is being rebuffed by progressive lawmakers who are threatening to vote against the bipartisan measure unless it's accompanied by a larger, party-line spending bill.

President Biden on Thursday, in his final pitch before traveling to Europe for the G20 summit, urged Congress to support his revised economic agenda, admitting that "no one got everything they wanted, including me."

The Biden administration on Thursday outlined a revamped tax-hike plan to pay for Democrats' roughly $1,750,000,000,000 spending plan, including rate increases on well-off corporations and wealthy Americans.

President Biden is expected to tell congressional Democrats Thursday morning that they've reached an agreement on a framework for their reconciliation bill.

Fox News political analyst Gianno Caldwell calls out President Biden lying "multiple times" throughout his presidential term.