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...

  • U.S. House passes bill to reopen government, increase debt limit

    By Reuters

    WASHINGTON (Reuters) - The U.S. House of Representatives late on Wednesday passed legislation to avoid a damaging default on government debt and to reopen federal agencies shuttered when funding ran...

  • Bill to spare U.S. economy from debt crisis also delivers favors

    Bill to spare U.S. economy from debt crisis also delivers favors

    By Patricia Zengerle and David Lawder, Reuters

    WASHINGTON (Reuters) - The last-minute bill to avert a potentially catastrophic U.S. default and reopen the government came in at a relatively skimpy 35 pages, but lawmakers still managed to pack in...

  • Sequester: The Next Big Battle for Congress

    By Josh Boak, The Fiscal Times

    Senate Minority Leader Mitch McConnell (R-KY) explained his major budget goal on Wednesday: Continue to cut government spending. In announcing a bipartisan deal to reopen the government and raise the...

  • Cruz Finally Blinks as Senate Debt Plan Moves Ahead

    With the day of reckoning upon us, Congress now appears on track to approve a bipartisan compromise today that would end the two-week old government shutdown and avert a first-ever default on U.S...

  • Tea Party Finally Trusts Boehner

    By Josh Boak, The Fiscal Times

    House Speaker John Boehner (R-OH) finally seems to have gained the trust of Tea Party conservatives . All it took was a government shutdown and threat of default threat in a botched attempt to stop...