Budget

House of Representatives 2 days ago

Treasury says it may not know debt ceiling deadline until after tax filing season

The Treasury made the estimate in a letter to Rep. Bob Good, R-Va., who wrote to the department earlier this month asking whether it had a backup plan to avoid default.

White House 2 days ago

White House homes in on Republican tax plans as budget debate escalates

FIRST ON FOX: The White House is slamming House Republicans, telling Fox News Digital that the budget being discussed by GOP lawmakers is simply “deficit-escalating tax welfare for the rich.”

Budgets March 15

House Budget Committee chair renews call for constitutional convention of states to address US debt

The chair of the House Budget Committee, Rep. Jodey Arrington, is calling for a convention of states to pass a balanced budget amendment amid high government spending and record debt.

Joe Biden March 14

When it gets serious: Biden, Congress poised to square off over spending and debt

The release of President Biden’s budget proposal really didn’t give us a sense of where this summer’s debt ceiling brawl is going and House Republicans are divided.

VIDEO March 10

Republicans blast 'out-of-control' Biden spending plan

Rep. Jodey Arrington, R-Texas, responds to Biden's $6.8 trillion spending plan, says the president is 'completely out of touch.'

POLITICS March 10

Ted Cruz says Biden 'certainly' isn't running the White House after new budget proposal shows priorities

Senator Ted Cruz, a Republican from Texas, said President Biden's budget for the 2024 fiscal year reveals 'socialists are in charge' of the White House.

Joe Biden March 9

Republicans slam Biden's budget proposal they say is jam-packed with spending: 'Taxes, taxes, and more taxes'

Republicans are speaking out against components of President Biden's costly budget proposal, concluding that its rampant spending will worsen inflation in America.

House of Representatives March 1

CBO director informs House Republicans that the US debt situation is dire: sources

Congressional Budget Office director Phillip Swagel told members of the House Republican Study Committee that the $31.4 trillion national debt presented a dire challenge.

POLITICS February 26

Spending shocker: CBO's latest debt projection should stun even Washington

The current debt the U.S. owes is $31.4 trillion. But the CBO estimates the federal government will accumulate an eye-popping $19 trillion in debt over the next decade.

VIDEO February 2

Doing ‘nothing’ about the debt ceiling is ‘irresponsible’: Sen. JD Vance

Sen. JD Vance, R-Ohio, says Republicans want to limit discretionary spending like COVID emergency relief funds to address the debt ceiling debate.