Federal Budget
  • 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...

  • January 9, 2015

    The Right Way to Buy a New Air Force One

    By Marcus Weisgerber, Defense One

    Think it’s tough to buy a new car? Try buying a plane that has all the bells and whistles fit for a president, including some that might not have been invented yet. The aircraft is the easy part. In...

  • Obama’s Budget: Good News for ISIS, Bad News for Taxpayers

    By Matthew Sabas, The Fiscal Times

    President Obama’s Budget proposal, to be released on Monday, confirms that a sweeping, bipartisan compromise to tame exploding federal debt is not on the White House agenda for 2016. The president’s...

  • Pentagon’s ‘Too Big to Fail’ F-35 Gets Another $10.6 Billion

    By Jonathan Berr, The Fiscal Times

    Lockheed Martin's F-35 Joint Strike Fighter, the most expensive weapons system in history, nearly crash-landed a few years ago under the weight of repeated delays and cost overruns. Despite its...

  • Debt ceiling

    Obama’s $4 Trillion Budget Is a GOP Non-Starter

    By Jeff Mason, Reuters

    President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes...

  • Obama’s Spending Spree Could Push Long-Term Deficit over $1 Trillion

    By Matthew Sabas, The Fiscal Times

    The decrease in the federal budget deficit has been touted as an accomplishment by many—most recently by President Obama during his State of the Union Address—but America’s debt situation is far from...