The federal budget deficit is now expected to surpass $2 trillion this fiscal year, which would be one of the largest shortfalls on record as spending growth continues to outpace tax receipts. The nonpartisan Congressional Budget Office (CBO) on Monday released its monthly budget update for July, which showed the…

Chrysler is recalling nearly 50,000 vehicles over a seat belt defect that could increase the risk of injury in a crash, according to federal regulators. The recall affects certain 2023-2025 Dodge Hornet and 2023-2026 Alfa Romeo Tonale vehicles, according to the National Highway Traffic Safety Administration (NHTSA).A total of 48,777 vehicles…

Nearly 30,000 pounds of imported raw beef from South America have been recalled in two states over the failure to reinspect the product after arriving in the U.S., according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS). Florida-based Corte Argentino USA LLC is recalling about 29,628…

Zoox CEO Aicha Evans agreed that autonomous vehicles should be regulated as the Amazon subsidiary’s fleet of autonomous vehicles launched its first paid service in the United States in Las Vegas Monday.  In June, one of Zoox’s robotaxis drove into heavy smoke at an active emergency scene in Las Vegas.…

Congresswoman Alexandria Ocasio-Cortez, appearing on an ABC Sunday talk show interviewed by Jonathan Karl, had a word salad answer to a simple question that is every bit as bad or even worse than anything Vice President Harris has ever produced.  Here’s the setup by Mr. Karl, who should have been…

Wealthy Americans are investing in New Zealand’s “golden visas” as they look to relocate to the South Pacific nation. The Financial Times reported that over 700 wealthy foreigners have applied for New Zealand’s golden visa in the last 14 months – an increase from 115 in the prior three years…

A restaurant industry veteran who has led some of America’s best-known chains sees major growth potential in one segment of the dining business. G.J. Hart, CEO of Houston-based SPB Hospitality, told FOX Business that the “upscale casual” category is “there for the taking” as the company looks to expand J.…

Apple is reportedly in the process of testing memory chips made by Chinese company CXMT across its lineup of devices, including in iPhones and MacBooks, as it looks at options to address the shortage of memory chips. The Wall Street Journal on Sunday reported that Apple has held early talks…

The U.S. government’s Strategic Petroleum Reserve (SPR) is at its lowest level since 1983 as inventories that were already low before the Iran war come under increasing pressure. Data released by the Department of Energy on Monday showed that the number of barrels of oil in the SPR declined by…

The Powerball jackpot surged to an estimated $905 million ahead of Monday night’s drawing, making it the eighth-largest prize in the game’s history. The pot grew after no ticket matched all six numbers from Saturday night’s drawing.The white balls were 5, 9, 35, 54 and 63. The red Powerball was…