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...

  • The Gender Pay Gap in Obama’s White House

    By Zachary A. Goldfarb, The Washington Post

    The White House has not narrowed the gap between the average pay of male and female employees since President Obama’s first year in office, according to a Washington Post analysis of new salary data...

  • Yellen drives wedge between monetary policy, financial bubbles

    Yellen drives wedge between monetary policy, financial bubbles

    By Michael Flaherty and Howard Schneider, Reuters

    WASHINGTON (Reuters) - Monetary policy faces "significant limitations" as a tool to counter financial stability risks, Federal Reserve Chair Janet Yellen said on Wednesday, adding that heading off...

  • Clock Ticks for States on Highway Funding

    The Obama administration signaled Tuesday it will begin curtailing funds to state highway programs as of Aug. 1 unless Congress reauthorizes funding for the federal highway and transit program. The...

  • Another Reason to Hate the TSA

    By Brianna Ehley, The Fiscal Times

    Heads up, travelers: Airfare is about to get a little more expensive, courtesy of Congress and everyone’s favorite federal agency (to hate). Beginning on July 21, the Transportation Security...

  • It's Asian bonds, not equities, that are too rich

    It's Asian bonds, not equities, that are too rich

    By Vidya Ranganathan, Reuters

    SINGAPORE (Reuters) - An unusual parallel rally in Asian bonds and equities, powered for the last five years by cheap global funds, could give out soon with debt becoming a casualty of the increasing...