Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story US deficit hits $1.7 trillion after dip in revenue The Treasury Department said on Friday that the federal budget deficit climbed to $1.7 trillion in the 12-month period ending last month. © AP Photo/J. Scott Applewhite The...

Former Speaker Kevin McCarthy (R-Calif.) on Friday said Rep. Matt Gaetz (R-Fla.) is to blame for the "bad position" Republicans are in amid a struggle to elect someone to the top role. McCarthy, speaking to members of the press after House Judiciary Chairman Jim Jordan (R-Ohio) lost his third Speaker vote, said Gaetz, and the...

The "Squad's" Rep. Ilhan Omar, D-Minn., broke down in a rage against President Biden and Democrat Party leadership over their support for Israel amid its war with Hamas.

The U.S. Supreme Court voted to not revive a Missouri law that bars authorities from enforcing federal guns laws after the state was sued by the Biden administration.

Navigator on Friday announced that it will cancel its proposal to construct a 1,300-mile carbon dioxide pipeline spanning across much of the Midwest.

Rep. Summer Lee, D-Pa., a member of the far-left "Squad," declared "all lives matter," despite criticism of the phrase from the Black Lives Matter movement.