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...

  • The Biggest Break of All – Zero Federal Income Tax

    By Henry Blodget, The Business Insider

    Amid the yelling back and forth about how America should deal with its debt and deficit problem, two major debates have emerged. The first is whether the problem should be addressed via spending cuts...

  • The War Over Stimulus Spending—Does it Really Work?

    By Eric Pianin

    President Obama’s $825 billion stimulus package has become a popular political punching bag for Gov. Rick Perry and other prominent Republicans, but the Congressional Budget Office says the...

  • CBO Sees $1.3 Trillion Deficit, Little Job Relief

    By Eric Pianin

    The Congressional Budget Office said the government will complete the year with a near-record $1.3 trillion budget, while offering a relatively gloomy economic forecast for the coming years.

  • 10 Years and $24 Billion: Just Two New Ships!

    By ALICIA CALDWELL, AP

    Nearly a decade into a 25-year, $24.2 billion overhaul intended to add or upgrade more than 250 vessels to its aging fleet, the Coast Guard has two new ships to show after spending $7 billion-plus...

  • U.S. Aid Implicated in Abuses of Power in Colombia

    By Karen DeYoung and CLAUDIA J. DUQUE, The Washington Post

    New revelations in long-running political scandals under former president Alvaro Uribe have implicated American aid, and possibly U.S. officials, in egregious abuses of power and illegal actions by...