Budget Battles
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Senate Advances $95 Billion Foreign Aid Package
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GOP Infighting Continues as Senate Heads for Aid Vote
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News Alert: House Approves $95 Billion Aid Package for Ukraine, Israel and Taiwan
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Dems Help Save Johnson's Aid Package for Israel, Ukraine
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Johnson Rejects a Plan to Save His Speakership
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Johnson Defies Hardliners, Pushes Ahead With Foreign Aid Plan
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Facing Right-Wing Revolt, Johnson Says He Won't Resign
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Factbox: What happens in a U.S. government shutdown?
By Richard Cowan and Susan Cornwell and Amanda Becker and Richard Cowan and Susan Cornwell and Amanda Becker, ReutersIn shutdowns, nonessential government employees are furloughed, or placed on temporary unpaid leave. Workers deemed essential, including those dealing with public safety and national security, keep...
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Trump Tries to Sell Tax Reform to Democrats
By David Morgan, ReutersWASHINGTON (Reuters) - President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday even as Senate Republicans edged closer to passing a budget measure that...
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Senate Republicans Gain Crucial Support for Budget Vital to Tax Reform
By David Morgan, ReutersWASHINGTON (Reuters) - U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform...
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No Talk of Ousting Speaker Ryan, Key Conservative Says
By ReutersMany Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...
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Congress sends Trump disaster aid, debt limit increase
By Richard Cowan and Amanda Becker, ReutersWASHINGTON (Reuters) - The U.S. House of Representatives approved a bill to provide disaster aid, extend the debt ceiling and fund the federal government for three months on Friday, delivering on...
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As Trump Announces Afghanistan Strategy, Here’s What the War Has Cost
President Trump will deliver his first prime-time address to the nation at 9 p.m. EDT tonight and is expected to announce that he’s sending thousands more U.S. troops to Afghanistan. If that is the...
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Trump’s Proposed Budget Cuts Inspire a Monthly Fast in Protest
While many of us will be looking at or talking about the solar eclipse today, a group of religious anti-hunger activists are trying to draw the public's attention elsewhere. As USA Today reported on...
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Why Trump’s Press Conference Was Disappointing Even Before It Got Controversial
President Trump's statement from Trump Tower on Tuesday afternoon was supposed to be about what the White House called “the Infrastructure Discussion” — but that’s not what’s being discussed after...
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Budget Hawks Call for ‘Mini-Bargain’ to Address the Debt and Deficit
By Rob GarverPerhaps it’s a mark of diminished expectations of the federal government’s ability to get things done, or just a concession to the reality that the country’s fiscal problems are simply too large to...
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The Looming Fiscal Train Wreck Means Trump Won’t Get His Wall. Here’s Why
By Eric Pianin and Rob GarverCongress has religiously missed its deadline for passing a budget and related spending bills for eight consecutive years. And from the looks of a looming fiscal train wreck this fall, congressional...
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Obama-GOP Breakthroughs Still Possible
By Kirk Victor and Elaine S. Povich, The Fiscal TimesWhile the prevalent narrative in Washington is that President Obama and the energized Republican leadership are headed for two years of political gridlocks, but some experts see the potential for...
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Lew Confirmed as OMB Chief after Landrieu Gets Her Way
By Eric PianinThe Senate finally confirmed Jacob (“Jack”) Lew as the new director of OMB after the White House persuaded Sen. Mary Landrieu of Louisiana to drop her hold on nomination in return for concessions on...
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Why Republicans Aren’t Serious About the Deficit
By Bruce Bartlett, The Fiscal TimesOne of the most far-reaching political consequences of the recent fight over the Affordable Care Act is that it was the final step in the total transformation of the Republican Party into the party...
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Mad Money: How QE2 Set Off a Global Chain Reaction
By The Fiscal Times StaffImagine Ben Bernanke as a grand puppet master. He has just written a new play called QE2. The plot is bold and controversial: The Fed buys trillions of dollars worth of Treasuries , pumping liquidity...
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Fasten your Seat Belts! An Even Tougher Deficit Plan
By ANDREW L. YARROW, The Fiscal TimesA Bipartisan Policy Center panel chaired by budget mavens Alice Rivlin and Pete V. Domenici is offering another major proposal for reducing the long term debt that would make major changes in tax law...