DOGE, which is led by Elon Musk, arrived at U.S. Peace Corps headquarters, suggesting it could be the latest target of efforts to downsize the federal workforce.
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.
The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by spending on Social Security, Medicare and interest expenses.
U.S. stocks took it on the chin this week as President Trump's tariffs and the threat of retaliation spooked investors. Still, some see a silver-lining for those looking to pick-up marquee companies on the cheap.
Federal Reserve Chair Jerome Powell said President Trump's tariffs are likely to cause inflation to rise at least temporarily, though the extent and duration is unclear.
President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates. The comments come ahead of Powell's economic outlook speech.
A proposed $44 billion liquified natural gas pipeline project in Alaska is drawing investment interest from Asia, Alaska Gov. Mike Dunleavy said on 'Varney & Co.'
Some automakers impacted by President Donald Trump's tariffs began issuing employee discounts to the general public to drive sales amid the uncertain economic environment.
TGI Fridays fell on hard times, like some its rivals, but shortly after filing for bankruptcy protection, it's back with a new game plan to turn its business around.