Government Spending

A new government watchdog report finds that more than $200 billion in COVID-19 relief funds were wasted and potentially given to fraudsters who ripped off U.S. taxpayers.

If President Biden’s objective was a stable economy coming out the pandemic, he has miserably failed, the American people know it and it will be an issue in the 2024 election.

A report from spending watchdog Open the Books shows that the government wasted an average of $683 million per day last year.

The Committee for a Responsible Federal Budget released a report indicating the federal government ran a $2.1 trillion over the past 12 months as tax revenue lagged and spending rose.

Fitch Ratings said Friday that it could still downgrade the U.S. credit rating after the most recent debt-limit debacle between Democrats and Republicans.

Sen. Rand Paul, R-Ky., shares his alternative plan to the Biden-McCarthy debt limit deal on "Mornings with Maria" as the bill heads to the Senate.

Under the student loan deal negotiated by President Biden and House Speaker Kevin McCarthy, the federal student loan payment pause will end in August.

Congress is taking up the Fiscal Responsibility Act, which would reduce federal budget deficits by $1.5 trillion over 10 years, with most of the savings coming from spending caps.

The bipartisan debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy would modify the work requirements for food stamps and welfare.

The bipartisan deal reached by President Biden and House Speaker Kevin McCarthy to raise the debt ceiling rescinds more than $21 billion in funding from the IRS.

Rep. Michael Waltz, R-Fla., urges Biden and House Speaker McCarthy not to falter on the country's obligations in an effort to pass the debt bill.

The bipartisan budget deal between President Biden and House Republicans will raise the debt limit until January 2025, when a new Congress and possible new president will take office.

The Treasury Department announced auctions for short-term Treasury bills will proceed next week in a sign the government may have additional time to raise the debt limit after June 1.

The odds of the U.S. government defaulting on its debt are rising as Washington negotiators struggle to strike a deal, according to JPMorgan analysts.

FOX Business' Stuart Varney discusses the Democrats' spending habits as default and downgrade fears puts U.S. on notice

Fitch Ratings put the United States' AAA credit rating on negative watch, citing brinksmanship and increased partisanship over raising or suspending debt ceiling.

Sen. Mike Braun, R-Ind., explains how Democrats' excessive spending and debt ceiling stalemate means Americans' retirements are "now in jeopardy" by not producing the best return.

A pair of Goldman Sachs economists wrote that the Treasury is likely to run out of the funding needed to pay federal bills by June 8 or 9, although cash could run low sooner.

Democrat and Republican House reps. explain how defaulting on U.S. debt will create a "catastrophe" for real estate, housing and "so many different markets."

The chances of the U.S. defaulting on its debt are low, but experts are warning that financial markets and the economy are still facing a wall of worry as lawmakers duke it out.