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EXCLUSIVE — Senate Banking Committee Chairman Tim Scott, R-S.C., told FOX Business he will push for an "accelerated path to completion" after President Donald Trump told reporters Sunday that the president knows who he will choose to lead the Federal Reserve. The Senate Banking Committee is responsible for reviewing and voting to approve the president’s pick before the candidate goes to the full Senate for confirmation. "We need a Fed chair who […]

Sens. Ted Cruz, R-Texas, and Cory Booker, D-N.J., urged leaders of Fortune 1000 companies in a letter Tuesday to support the newly created federal savings program known as "Trump Accounts," a tax-advantaged investment account established for newborn American children.The program, created by the One Big Beautiful Bill Act and signed into law by President Donald Trump July 4, provides every child born between Jan. 1, 2025 and Dec. 31, 2028, […]

Oil and gasoline prices are expected to decline next year, according to the latest forecast from the Energy Information Administration (EIA).The EIA published its November Short-Term Energy Outlook last month, which projected that the price of Brent crude oil will decline from $69 a barrel in 2025 to $55 a barrel next year. That would be well below the $81 per barrel that prevailed in 2024.Gas prices are also projected […]

Americans are seeing relief at the pump as the national average for regular gas fell to $2.99 on Monday, AAA reported — the first time prices have dipped below $3 in more than four years.U.S. Energy Secretary Chris Wright says that drop isn’t a coincidence, arguing on FOX Business’ "Kudlow" that "nothing’s better than saving money" at a time when families are struggling with costs."Every week you fill up your […]