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...

  • Taxes: Chris Van Hollen Plans to Raise Them

    By Michelle Hirsch, The Fiscal Times

    Rep. Chris Van Hollen isn’t letting Democrats stand on the sidelines of the budget deficit talks any longer: He’ll release his own plan to rival Rep. Paul Ryan’s.

  • Obama to Outlay Visions for Debt Reduction

    By Zachary A. Goldfarb, The Washington Post

    President Obama’s speech Wednesday on how to rein in the nation’s debt will be the first in a series of steps he will take in coming weeks to promote fiscal discipline, not just a one-time nod toward...

  • Spending Bill: Details of $38 Billion in Cuts

    Details of the House spending bill include $38 billion in cuts—$20 billion from discretionary domestic spending and $17.8 billion from mandatory spending.

  • Obama to Challenge Ryan Deficit Plan on Tax Cuts

    By John Berry, The Fiscal Times

    On Wednesday, President Obama plans to offer a counterproposal to Rep. Paul Ryan’s new plan to solve the federal government’s long-term deficit problems. Ryan, chairman of the TK, offers only two...

  • Oklahomans Bite Federal Hand that Feeds Them

    By Michael A. Fletcher, The Washington Post

    OKLAHOMA CITY — Lawyer John Hager paid scant attention as Congress and the White House raced against the clock to strike a budget deal that narrowly averted a government shutdown. As the budget...