Government Spending

Jodey Arrington suggests Biden's spending package will have long-term effects that result in bankruptcy.

Spiraling inflation could mean higher taxes for millions of Americans – a phenomenon known as "bracket creep" that pushes taxpayers into higher-income brackets even though their purchasing power is unchanged due to wild surges in consumer prices.

The Biden administration on Tuesday endorsed a scaled-back version of a proposal that could force banks to turn over customers' account information to the IRS.

Treasury Secretary Janet Yellen told congressional leaders Monday she will extend extraordinary cash management measures to temporarily finance the U.S. government until Dec. 3, the new deadline for lawmakers to raise or suspend the debt ceiling or risk a first-ever default.

FOX Business' Stuart Varney said the Biden administration’s approach to climate change will get the U.S. into another crisis.

President Biden is meeting with 17 total members of Congress on Tuesday as Democrats' reconciliation talks drag on.

Former Kansas City Fed President Thomas Hoenig weighed in on inflation and economic growth in America.

President Biden is also making calls to many House Democrats Monday and will also go to Scranton Wednesday as he pushes for trillions in social and climate programs.

Progressives lashed out at Sen. Joe Manchin, the moderate Democrat from West Virginia, after Axios reported he wants means testing and work requirements attached to the child tax credit.

President Biden on Friday maintained that his spending bill would not add to the deficit, and said it likely would not reach $3.5 trillion this year, as moderate and progressive Democrats continue to debate a price tag for the package.

The Biden administration has laid out a deeply controversial plan to crack down on wealthy tax evaders by giving the Internal Revenue Service additional scrutiny over most Americans' bank accounts.

Rep. Kevin Brady, R-Texas, provided insight into Biden’s tax hikes during an appearance on FOX Business’ “Varney & Co.” Thursday, arguing the president’s spending plan will “significantly hurt” businesses.

Federal Reserve officials last month worried that disrupted supply chains were raising the risks of more persistent inflation.

U.S. inflation accelerated last month and remained at its highest rate in over a decade, with price increases from pandemic-related labor and materials shortages rippling through the economy.

House Progressive Caucus Chair Pramila Jayapal hit House Speaker Nancy Pelosi in a Tuesday fundraising email.

Kansas Sen. Roger Marshall argued inflation is a top issue on the minds of Americans.

House Speaker Nancy Pelosi expressed little concern about public opposition to Democrats' proposal to force banks to report inflows and outflow of every account with more than $600 in activity per year to the IRS.

The House of Representatives is set to raise the debt ceiling on Tuesday, averting an economic crisis. But Democrats still have a lot to do to pass President Biden's agenda,

House Problem Solvers Caucus Chairman Josh Gottheimer says in a Tuesday op-ed for NJ.com that the House of Representatives should pass the bipartisan infrastructure bill quickly to get "shovels in the ground."

The House of Representatives will vote on the Senate-passed temporary debt ceiling increase on Tuesday evening.