Joe Biden

Several economic experts are sounding the alarm that inflation, which is sitting at 8.54%, become even more rampant should large swaths of student debt be forgiven by the federal government instead of being repaid.

The latest Gross Domestic Product (GDP) numbers out Thursday are poised to hamper Democrats' key argument heading into the midterm elections that the U.S. economy has rebounded from the dark days of the coronavirus pandemic.

Treasury Secretary Janet Yellen on Thursday defended President Biden's nearly $2 trillion COVID-19 stimulus bill despite criticism that the burst of government spending acted as an accelerant for the highest inflation in 40 years.

President Biden on Thursday said he is “not concerned” about recession in the immediate future, just hours after the Commerce Department announced that the U.S. economy shrank 1.4% at the beginning of 2022—marking the worst quarter in two years.

Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.

Thursday’s report from the Commerce Department on total output of goods and services for the first quarter of this year provides further evidence that the economy is approaching stagflation territory.

Coalition to Protect American Workers executive director Marc Short discusses a new political ad targeted at President Biden.

The U.S. economy cooled markedly in the first three months of the year, as snarled supply chains, record-high inflation and labor shortages weighed on growth and slowed the pandemic recovery.

With the expiration of child tax credit payments, policy analysts at the CBPP have suggested a new way for state governments to financially support families.

Facing the prospect of a shellacking for his party in the upcoming midterm elections amid high inflation and gas prices, President Biden is touting a “small business boom” coming out of the pandemic and releasing a four-pillar economic strategy for small businesses.

The Biden administration is phasing out incandescent light bulbs in favor of more efficient lighting to conserve energy and save businesses and American consumers billions.

Members of Congress questioned global consulting firm McKinsey & Company's top managing partner Wednesday about the company's work for U.S. health regulators as it advised opioid drugmakers on how to boost painkiller sales. The hearing is part of an ongoing investigation into McKinsey's role in the opioid crisis.

As mortgage rates and home prices reach record highs, the National Association of Homebuilders is now calling on the White House to take action.

Sen. Bernie Sander is pressuring President Biden to take action against corporations that engage in union-busting, specifically calling out Amazon while urging him to ban such entities from receiving federal contracts.

Alaska Governor Mike Dunleavy argued that the American energy situation “keeps getting worse” due to the Biden administration’s energy policies.

Sen. Joe Manchin, once again, poured cold water on hopes the Senate would pass President Biden's ambitious Build Back Better social spending plan.

Republicans and some Democrats have been sounding the alarm on inflation as the federal government ups its spending and looks to transition to a green energy economy, with the GOP taking aim at blue leadership over the rising prices.

Arkansas Gov. Asa Hutchinson rips Biden's hypocrisy, arguing the president should reinstate both Title 42 and travel mask mandates if he believes a public health emergency "continues to exist."

President Biden has so far canceled just a fraction of the student loan debt that he promised to erase on the campaign trail, but the White House said this week that a broader forgiveness plan is still a possibility.

Rep. Brett Guthrie, R-Ky., discusses the importance of domestic energy production and calls on the White House to stop dealing with Iran.