The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
FOX Business' Stuart Varney analyzed Biden's economic plan, arguing "Bidenomics" combined with Fed money printing led to every income group in the U.S. losing ground.
The Congressional Budget Office reported that the federal budget deficit through August grew by about $600 billion, compared to a year ago, as spending increased and tax revenue declined.
JPMorgan Chase CEO Jamie Dimon on Monday warned that it's a "huge mistake" to expect the U.S. economy to experience a "booming environment for years."
A new study suggests a shutdown of the federal government would not have the severe economic impacts that some Democrats have warned about.
The U.S. federal budget deficit is expected to nearly double this year, growing to $2 trillion as a result of higher interest rates and lower tax revenue.
The idea that Republicans will pass an omnibus bill to avoid a government shutdown "is absolutely insane" and represents "negligence, malice," Rep. Matt Rosendale says.
Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.
Just as inflation has eroded the value of the U.S. national debt, so too has it eroded the value of national wealth.
The nonpartisan Congressional Budget Office's latest budget review found the federal deficit more than doubled to $1.6 trillion in the first 10 months of FY2023 compared to a year ago.
Fitch’s downgrade doesn’t mean were about to default. It does mean we look like a country that can’t be depended on. Will we lose our status as a reserve currency?
Treasury Secretary Janet Yellen said she strongly disagrees with Fitch's downgrade of the U.S. credit rating, arguing its assessment was flawed and based on outdated data.
FOX Business' Stuart Varney discusses the U.S.' credit downgrade by ratings agency Fitch, who cited America's 'erosion of governance' and rising deficits.
Treasury Secretary Janet Yellen is scheduled to give remarks today on Biden's Inflation Reduction Act. She previously remarked she does not believe a recession is on the horizon.
FOX Business' Stuart Varney discussed New York City's migrant crisis, weighing in on Democrats' plan to allow millions of illegal immigrants to work and, eventually, vote.
A Montana jury found that an asbestos clinic submitted 337 false claims that made patients in the small mining town elgible for Medicare and other benefits.
FOX Business' Stuart Varney discusses Biden's new $475 billion student loan forgiveness plan, arguing the president is creating a society full of entitled citizens.
A new study suggests scammers who stole billions in COVID-19 relief money used the funds to purchase real estate, pushing U.S. home prices higher.
FOX Businesses' Stuart Varney argues government should not be responsible for doling out taxpayer money after Democrats blew through billions in COVID relief aid.