Government Spending

Rep. Kevin Brady, R-Texas, discusses Biden’s $6T budget proposal and the impact of repealing Trump-era tax cuts.

Unemployment fraud surged during the coronavirus pandemic, with billions of dollars likely ending up in the hands of foreign crime syndicates based in China, Russia and other countries, experts say.

Americans living in some GOP-led states could lose their unemployment benefits this week, almost three months before the extra aid is slated to end.

The 2021 U.S. economy is seeing an even rebound, according to Treasury Secretary Janet Yellen but she is asking for funds to help those nations not as fortunate.

Rep. Byron Donalds, R-Fla., on how Biden economic policies are impacting Black Americans.

The IRS announced this week that it's sending letters to 36 million families who may qualify for the expanded child tax credit that will begin going out in mid-July.

Republican Sen. Shelley Moore Capito of West Virginia said Wednesday infrastructure talks with President Biden collapsed because the two sides differed on what constitutes infrastructure.

Long-running infrastructure negotiations between President Biden and a coalition of Republicans imploded on Tuesday, increasing the likelihood that Democrats go it alone on a sweeping, multitrillion-dollar spending package.

The U.S. is in the midst of a productivity boom. That is positive for wages and inflation because higher revenue can absorb increased wages without companies raising prices. It isn’t such great news for the jobs outlook if employers conclude they can meet sales goals with less hiring.

Former acting White House chief of staff and former OMB Director Mick Mulvaney reacts to Biden administration’s proposed budget.

Parents can expect to receive some extra cash beginning on July 15, when the IRS will start distributing the expanded child tax credit authorized under President Biden's coronavirus relief plan.

Sen. Joe Manchin, D-W.Va., is resisting growing pressure from his fellow Democrats to go it alone on President Biden's proposed $2.3 trillion tax and spending plan, even as infrastructure negotiations between the White House and a coalition of Republicans ran into a wall this week.

Long-running infrastructure negotiations between President Biden and a coalition of Republicans stalled out this week, with the two sides still deeply divided over the size and scope of a package to rebuild the nation's crumbling roads and bridges.

Transportation Secretary Pete Buttigieg laid down a June 7 deadline for "clear direction" on a bipartisan infrastructure bill.

President Biden will meet with Sen. Shelley Moore Capito, the leading negotiator for a group of moderate Republicans seeking a bipartisan infrastructure deal, on Monday.

Rep. Rodney Davis, R-Ill., on what it would take for President Biden to get an infrastructure deal passed.

Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue.

President Biden is billing his sprawling $1.8 trillion spending proposal as a once-in-a-generation opportunity to bolster the U.S. economy, but a new analysis published this week shows that it could slash growth in the long term due to a slew of tax hikes.

President Biden cited the May jobs report on Friday as evidence that his economic plan is working and the U.S. is poised for a full recovery from the coronavirus pandemic, even though employers hired fewer workers than expected last month.

Consumer prices are rising across the world, pushing inflation levels in wealthy nations in April to the highest level in 12 years, the Organization of Economic Cooperation and Development said this week.