Federal Budget

Budget Battles

  • Senator Ben Cardin (D-MD) arrives at Democratic Party caucus meeting on Capitol Hill in Washington, U.S., January 19, 2018. REUTERS/Yuri Gripas/ File Photo

    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, Reuters

    In 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...

  • FILE PHOTO - Treasury Secretary Steve Mnuchin listens as U.S. President Donald Trump hosts a tax reform industry meeting at the White House in Washington, U.S., October 31, 2017. REUTERS/Kevin Lamarque

    Trump Tries to Sell Tax Reform to Democrats

    By David Morgan, Reuters

    WASHINGTON (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...

  • U.S. President Donald Trump speaks about the Iran nuclear deal in the Diplomatic Room of the White House in Washington, U.S., October 13, 2017. REUTERS/Kevin Lamarque

    Senate Republicans Gain Crucial Support for Budget Vital to Tax Reform

    By David Morgan, Reuters

    WASHINGTON (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...

  • FILE PHOTO: Senator John Barrasso (R-WY) speaks during a press conference on Capitol Hill in Washington, U.S., September 12, 2017. REUTERS/Joshua Roberts

    No Talk of Ousting Speaker Ryan, Key Conservative Says

    By Reuters

    Many 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...

  • FILE PHOTO: The U.S. Capitol Building is lit at sunset in Washington, U.S., December 20, 2016. REUTERS/Joshua Roberts/File Photo

    Congress sends Trump disaster aid, debt limit increase

    By Richard Cowan and Amanda Becker, Reuters

    WASHINGTON (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...

  • Obama Exploits ‘Super Committee’ to Push Job Plan

    By Jennifer Depaul, The Fiscal Times

    resident Obama’s new job creation plan and tax increases to pay for it will create additional work and headaches for the new congressional “super committee” charged with already finding $1.2 trillion...

  • Bernanke Feels the Heat but Can't Put Out the Fire

    By John Berry, The Fiscal Times

    In many ways, Federal Reserve Board Chairman Ben Bernanke did more to prevent a modern- day Great Depression than either the Bush or Obama administrations. Bernanke used the central bank’s routine...

  • Obama to Send Jobs Bill to Congress Monday

    By David Nakamura, The Washington Post

    President Obama plans to send the American Jobs Act, his $447 billion plan to jump-start the economy, to Congress on Monday evening, a White House official said Sunday. Obama will appear in the Rose...

  • House GOP Proposes Cutting FAA Budget 5 Pct

    By JOAN LOWY

    House Republicans plan to attach a 5 percent cut in the Federal Aviation Administration's budget to legislation necessary to prevent another shutdown of the agency, according to a GOP summary of the...

  • Super Committee Begins the Countdown to Deficit Reduction

    By Jennifer Depaul, The Fiscal Times

    The new deficit “Super Committee” met for the first time on Thursday. The 12-member congressional panel – evenly divided between Democrats and Republicans -- has about six weeks to come up with a...