Government Spending

President Biden is poised to release $1.8 trillion spending plan that seeks to dramatically boost federal investment in education, child care and paid family leave, a sweeping measure funded largely by raising taxes on the top sliver of U.S. households.

President Biden's coming proposal to increase capital gains taxes for the richest Americans could push the rate paid by investors when they sell stocks and other assets as high as 56.7% in some states.

President Biden is approaching the 100-day mark of his time in office, a roughly three-month period dominated by the coronavirus pandemic, the ensuing economic turmoil that accompanied it and a torrent of increased federal spending by Democrats.

President Biden plans to raise capital gains taxes for Americans earning more than $1 million, his top economic adviser said on Monday.

Senate Republicans are pushing a return to fiscal austerity under President Biden, adopting a new internal party rule that requires dollar-for-dollar spending cuts in order to raise the debt ceiling.

A group of Democratic lawmakers is calling on the White House to include a permanent expansion of the child tax credit in its next big-ticket economic spending package amid reports that President Biden is seeking to extend it only until 2025.

Some lawmakers aired the possibility of a smaller corporate tax hike to pay for President Biden's $2.25 trillion spending plan during an Oval Office meeting as the bipartisan group weighed changes to the size and scope of the next big economic measure.

Rep. August Pfluger, R-Texas, shares his thoughts on how tax increases under the Biden administration will really impact the American people.

President Biden said Monday that he is "prepared to compromise" on his $2.25 trillion tax and spending plan ahead of a meeting with a bipartisan group of lawmakers, all of whom are former governors or mayors.

President Biden is reportedly preparing a slate of new tax hikes on wealthy Americans to pay for the second phase of his multitrillion-dollar spending plans.

FOX Business' Stuart Varney in his latest "My Take" discusses how to invest in the stock market amid trillions in stimulus and an economic rebound from COVID.

A growing rift among Democrats over whether to repeal a Trump-era limit on state and local tax deductions is threatening to derail President Biden's $2.25 trillion tax and spending plan.

A behind-schedule and over-budget rail project in Hawaii that got $70 million in the coronavirus stimulus package is now angling for more federal money to close a $3.68 billion funding gap.

Forbes Media Chairman Steve Forbes argues pulling troops from Afghanistan by September 11 is a strategic "disaster" and "major blunder on the budget side."

The U.S. budget deficit ballooned to a record $1.7 trillion in the first half of the fiscal year as a third round of stimulus checks included in President Biden's coronavirus relief package sent federal spending skyrocketing.

Progressive Democrats this week issued a litany of demands for President Biden's sprawling $2.25 trillion spending package, calling on the president to go "big" and invest hundreds of billions of dollars in left-wing priorities.

United Airlines catering workers protested the airline's plans to lay off workers despite receiving $7.7 billion in total federal bailout funds since last year.

President Biden has pitched his nearly $2.3 trillion spending proposal as a vital investment in the U.S. economy, but the proposed tax hikes that would fund the sweeping measure could kill close to 1 million jobs.

New York lawmakers struck a deal this week to establish a $2.1 billion coronavirus relief fund for undocumented immigrants and other unemployed workers who were ineligible for federal aid during the pandemic.

Mr. Cuomo has called the planned station complex a crucial piece in the state's infrastructure that will support economic growth in the city and the state