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...

  • Monte Paschi shareholders delay cash call, top executives may quit

    Monte Paschi shareholders delay cash call, top executives may quit

    By Silvia Aloisi, Reuters

    SIENA, Italy (Reuters) - Italy's third-biggest bank Monte dei Paschi di Siena was forced to delay a vital 3 billion euro ($4.1 billion) share sale to raise capital until mid-2014 because of...

  • Doling Out the Spoils of the Budget War: $1 Trillion

    By Eric Pianin

    With little fanfare, President Obama signed the bipartisan budget agreement in Hawaii on Thursday and then set off for a brisk hike with First Lady Michelle Obama and their daughters along a popular...

  • <p>From 1961 to 1969, the United States and the USSR were engaged in an intense battle to land the first man on the moon. Five days after Apollo 11 lifted off into space on July 16, 1969, as millions of Americans watched on TV, this country won the race

    NASA Makes Coburn’s List for Wasteful Spending

    By Brianna Ehley, The Fiscal Times

    NASA has suffered from major budget cuts that have severely scaled back its mission and halted its manned-space program. Over the past few days we’ve watched NASA astronauts fix a broken cooling loop...

  • The High Cost of the Pentagon’s Poor Bookkeeping

    By Scot J. Paltrow, Reuters

    The U.S. Air Force had great expectations for the Expeditionary Combat Support System when it launched the project in 2005. This accountants’ silver bullet, the Air Force predicted a year later, “...

  • Major Obamacare Deadline Gets Secret Extension

    By AMY GOLDSTEIN and Juliet Eilperin, The Washington Post

    At midnight Monday, the official deadline arrives for Americans to sign up through the new federal health insurance exchange for health plans that begin Jan. 1. But, without any public announcement,...