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...

  • Former rivals embrace as German coalition talks begin

    Former rivals embrace as German coalition talks begin

    By Andreas Rinke and Holger Hansen, Reuters

    BERLIN (Reuters) - It was a scene that might cause shock in the United States or Britain, where the partisan divide is much deeper, making political compromise seem impossible at times. But in...

  • Three Budget Games at the $3.6 Trillion Table

    By Josh Boak, The Fiscal Times

    Federal spending should exceed $3.6 trillion next year—and Democrats and Repu blicans are ready for a budget fight that will likely go down to the penny. Congress is returning after having voted last...

  • ECB says bank health test to strengthen confidence

    ECB says bank health test to strengthen confidence

    By Reuters

    FRANKFURT (Reuters) - The European Central Bank vowed on Wednesday to submit the euro zone's top banks to a comprehensive batch of tests next year, staking its credibility on a review that is crucial...

  • Mitch McConnell and John Boehner

    More Shutdown Fallout for the GOP in the Senate

    By Eric Pianin and Josh Boak

    By pursuing a failed government shutdown strategy , Republicans may have once again snatched defeat from the jaws of victory in next year’s battle for control of the Senate. The GOP had a better than...

  • Obama in Rose Garden for Obamacare

    Obama Turns to High Pressure Sales to Save Obamacare

    Sounding more like an insurance salesman than the nation’s chief executive on Monday, Obama this morning stressed there are plenty of alternatives to the troubled health care website. He pitched the...