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...

  • Congress Sends $956 Billion Farm Bill to Obama

    By Eric Beech, Reuters

    The U.S. Senate gave final congressional approval on Tuesday to a farm bill, costing an estimated $956 billion over a decade, that trims food stamps for the poor, expands federal crop insurance and...

  • Costa Rica's surprise frontrunner favors eventual tax hike

    Costa Rica's surprise frontrunner favors eventual tax hike

    By Alexandra Alper, Reuters

    SAN JOSE (Reuters) - A center-left former diplomat who has emerged as the surprise leader of Costa Rica's presidential race vows if he wins a runoff vote to prepare the ground for eventual tax hikes...

  • Grim Deficit Outlook in New CBO Report

    By Rob Garver

    The CBO lopped $46 billion off of its projection for the federal deficit this year, but long-term trends showed an increase in the cumulative deficit of $1 trillion over ten years.

  • CBO Future Shock: Economy Will Struggle for 7 Years

    By Eric Pianin

    The economy will grow at “a solid pace” in 2014 and for several years thereafter following a frustratingly slow recovery from the Great Recession, according to a new Congressional Budget Office...

  • Iran nuclear deal 'not perfect' but buys time: U.S. official

    By Patricia Zengerle and Arshad Mohammed, Reuters

    WASHINGTON (Reuters) - An initial agreement to curb Iran's nuclear program was "not perfect" but bought time to try to secure a comprehensive deal, U.S. officials said on Tuesday in response to sharp...