Interest payments on the national debt to reach $1.4 trillion annually in 2033: CBO
The CBO projects that the cost of servicing the national debt will more than double over the next decade to over $1.4 trillion in interest payments in FY2033.
US debt default deadline looms this summer or early fall, ‘urgent need’ for Congress to act: BPC
The Bipartisan Policy Center said that the "X date" on which the debt limit will need to be raised to avoid default will arrive this summer or early fall, depending on tax revenue.
Sen. Rick Scott doubles down on plan to ‘fix’ Social Security, Medicare and 'live within our means'
Florida Sen. Rick Scott argues it's better to balance the congressional budget than "spending to oblivion" while struggling to solve a "dramatic" debt ceiling debacle.
Biden's new Ukraine aid will face 'tremendous pushback' from Congress, GOP lawmaker says: 'We've got to stop'
Rep. David Kusta, R-Tenn., argued President Biden needs to slow down spending or both the House and Senate will push back on further aid to Ukraine.
Ohio resident rips Norfolk Southern for dodging East Palestine town hall: They’re ‘hiding’
Jenna Giannios, an Ohio resident who lives near the train derailment, and Ohio AG David Yost are sounding off on the government's inadequate response to the catastrophe.
Texas AG Paxton files lawsuit against Biden over omnibus spending bill
Texas Attorney General Ken Paxton announced Wednesday he has filed a lawsuit against President Biden over the Consolidated Appropriations Act of 2023.
US national debt to rise by $20 trillion over the next 10 years: CBO
The CBO released its annual budget and economic outlook which projects that the U.S. national debt will grow by about $20 trillion over the next 10 years.
IRS reveals if you owe taxes on government relief checks
The IRS has determined whether state-issued rebate payments will count as taxable income for the 2022 tax season after telling taxpayers to delay filing.
Biden runs $460B deficit in first four months of FY 2023, a 9% increase from last year
The U.S. Treasury Department on Friday reported a $39 billion budget deficit in January and a $460 total budget deficit for the first four months of fiscal year 2023.
Yellen warns of 'unsustainable' debt loads — but she wasn't talking about the US
U.S. Treasury Secretary Janet Yellen recently spoke at a think tank where she warned that high levels of government debt are "unsustainable."
Federal deficit up $200 billion compared to last year despite Biden's reduction claims
The CBO's latest budget update showed the federal deficit was up $200 billion year-over-year as of January, despite President Biden's claims about his deficit reduction efforts.
Biden's fantasy economy: Americans see through SOTU spin on jobs, inflation, deficits
President Biden tried to take credit for what he claims is an improving economy durin ghis State of the Union speech Tuesday night. Americans aren't falling for it.
Biden economic adviser Brian Deese to step down this month
Director of the National Economic Council Brian Deese will resign from his position in mid-February, a senior White House official told FOX Business.
Rand Paul details 'shocking' growing scandal involving federal 'scam artists' and your paycheck
Sen. Rand Paul, R-Ky., sounds the alarm on the thousands of alleged federal employees who were caught stealing pandemic jobless benefits.
Proposed NJ 'Seinfeld bill' to crack down on telemarketers
Lawmakers are proposing a new bill to crack down on telemarketers by forcing could them to disclose certain information within 30 seconds of the call.
Speaker McCarthy responds to Biden's debt ceiling jab ahead of their meeting
House Speaker Kevin McCarthy reveals the first thing he'll say when meeting with Biden after the president said he’ll show his budget if McCarthy shows his.
Biden's new student loan repayment plan would cost billions more than White House projected
Changes to the income-driven repayment plans from the Biden team could cost more than double what the White House projected, according to Penn Wharton.
Speaker McCarthy says he will discuss debt ceiling and government spending with Biden on Wednesday
House Speaker Kevin McCarthy, R-Calif., and President Biden will meet at the White House to discuss the debt ceiling and government spending on Wednesday.
AOC blames Trump tax cuts for deficit when asked if Democrats have spent too much
House Democrats are blaming former President Donald Trump for the rising national debt and trillion-dollar budget deficits two years after Trump left office and Democrats assumed control of Congress.
Stuart Varney: Biden's economy is heading for trouble
FOX Business' Stuart Varney discusses Biden's response to Republican lawmakers attempting to cut federal spending as the U.S. hits $31.4 trillion in debt.