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...

  • Pedestrians with umbrellas walk past an electronic board showing Japan's Nikkei average (top middle L) and the exchange rates between the Japanese yen and the U.S. dollar (top middle R), outside a brokerage in Tokyo November 11, 2014. REUTERS/Yuya Shino

    China rate cut, European stimulus hints lift markets

    By Michael Connor, Reuters

    NEW YORK (Reuters) - World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank...

  • Martin Blessing (R), CEO of Germany's second largest business bank, Commerzbank AG and European Central Bank (ECB) President Mario Draghi react before the start of the the European Banking Congress in the Old Opera house in Frankfurt, November 21, 2014. R

    Draghi throws ECB door open to money printing as global prospects dim

    By John O'Donnell and Eva Taylor, Reuters

    FRANKFURT (Reuters) - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use...

  • FILE PHOTO: European Commission President Jean-Claude Juncker chairs a meeting of the EU executive body in Brussels, Belgium May 10, 2017. REUTERS/Francois Lenoir

    EU investment plan to take shape next week

    By Jan Strupczewski and Alastair Macdonald, Reuters

    BRUSSELS (Reuters) - Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union...

  • Lame-Duck Action Could Add $1.5T to Long-Term Debt

    By Eric Pianin

    Largely under the radar screen, lawmakers are toying with ideas that could add as much as $1.5 trillion to the national debt in the coming decade. Washington is transfixed on President Obama’s new...

  • Russian assets remain dangerous but not untouchable

    By Sujata Rao and Sam Wilkin, Reuters

    LONDON (Reuters) - Sanctions-hit Russian assets, weighed further by this year's collapse in energy prices and subsequent rouble slide, remain dangerous territory for many global investors but they...