Rep. Brady unveils GOP efforts to expand family paid leave, tax reform
Rep. Kevin Brady, R-Texas, unveils family paid leave proposal and the push to end government checks in an effort to propel the economy.
Biden offers to drop corporate tax hike during infrastructure negotiations with Republicans
President Biden offered to scrap his proposed corporate tax hike during negotiations with Republicans on an infrastructure plan, a source familiar with the matter said Thursday.
Biden tax plan calculator: See how much you can expect to pay under the new proposals
President Biden has unveiled a sweeping proposal to bolster the government-funded social safety net, a $1.8 trillion measure that would be funded by substantially raising taxes on wealthy Americans.
Biden spending proposals a ‘mystery’ amid ‘tremendous’ economic recovery: Douglas Holtz-Eakin
Former CBO Director and American Action Forum President Douglas Holtz-Eakin argued the U.S. economy is recovering on its own.
Companies struggling to hire workers, coping with rising prices, Fed says
U.S. companies are struggling with supply chain disruptions and hiring difficulties and expect consumer prices to rise across the country in coming months, the Federal Reserve said Wednesday.
House Republicans demand top Biden economic adviser tackle 'burgeoning' inflation
A coalition of House Republicans is calling on President Biden's chief economic adviser to explain how the administration plans to combat the "burgeoning inflation crisis" as the White House pushes another $6 trillion in new spending.
Biden's budget proposal: What to know
The size of President Biden’s proposed budget for fiscal year 2022: $6 trillion. Major spikes in spending for almost everything. Health care. Climate change. Education. Infrastructure.
Biden to resume infrastructure negotiations with key GOP senator on Wednesday
President Biden is slated to meet with Sen. Shelley Moore Capito on Wednesday as Republicans and the White House make a last-ditch effort to strike a bipartisan infrastructure deal.
NAACP slams Biden for dropping student debt cancellation from budget
NAACP President Derrick Johnson criticized President Biden for a lack of movement on student loan cancellation after the White House excluded debt forgiveness from its $6 trillion budget proposal last week.
MD bar owner says worker shortage a ‘nightmare’ as customers line up
Brian Bolter, owner of Dry 85 in Annapolis, Maryland, spoke with FOX Business about the impact of labor shortages in the service industry.
Eurozone inflation jumps with higher energy prices
Eurozone inflation rose to 2% in May, driven higher by rising oil prices as other inflationary pressures appeared to remain subdued.
Progressive Dems urge Biden to abandon infrastructure negotiations with Republicans
Progressive Democrats are calling on President Biden to abandon the infrastructure talks with Republicans.
US economy poised to grow at fastest pace since 1984, OECD says
The U.S. economy is on track to grow at the fastest pace in nearly four decades this year thanks to unprecedented levels of government stimulus and increased vaccination rates.
Biden's $6T budget predicts tepid economic growth for the decade
President Biden's budget blueprint predicts modest economic growth during his presidency and beyond, despite the rosy rhetoric Biden has projected on how a federal spending spree is needed to spur on job creation.
Biden's capital-gains tax plan may be retroactive, worrying top bank CEOs
President Biden's $6 trillion spending plan reportedly assumes that his proposed capital gains tax hike begins in April – meaning it would likely be too late for wealthy Americans to dodge the new levy.
Biden proposes $6T budget that will keep deficits near record highs
The White House on Friday unveiled a $6 trillion budget proposal for next year that adds to the nation's ballooning debt as President Biden pushes a sweeping economic agenda to dramatically expand the government-funded social safety net.
Comparing Republicans' $928B infrastructure plan to Biden's: What's in each proposal?
A group of moderate Senate Republicans on Thursday unveiled an infrastructure proposal worth close to $1 trillion, a counteroffer to the massive tax-and-spending plan introduced by President Biden earlier this month.
Senate Republicans unveil $928B counteroffer to Biden spending plan
Senate Republicans on Thursday announced a $928 billion counteroffer to President Biden’s massive $1.7 trillion infrastructure plan.
Yellen urges Congress to increase Treasury Department funding levels
Treasury Secretary Janet Yellen urged Congress to increase the Treasury Department's budget as it struggles to launch new programs designed to distribute trillions of dollars in federal coronavirus relief.
Social Security, Medicare should not be cut for deficit woes: AARP
Congress should reject any effort by lawmakers to slash funding for Social Security and Medicare in order to reduce the nation's ballooning budget deficit, AARP said Wednesday.