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...

  • What You Need to Know About Janet Yellen

    By Josh Boak, The Fiscal Times

    Janet Yellen is slated to become the first chairwoman of the Federal Reserve at a precarious moment for the central bank, offering stability at a time of crippling uncertainty in Washington...

  • During shutdown, U.S. charity to ensure fallen troops' death benefits

    During shutdown, U.S. charity to ensure fallen troops' death benefits

    By Phil Stewart and Roberta Rampton, Reuters

    WASHINGTON (Reuters) - A private U.S. charity struck a deal with the Pentagon on Wednesday to advance a "death gratuity" to families of American troops who die during the government shutdown, after...

  • World Bank's Kim warns even U.S. default threat hurts poorest

    World Bank's Kim warns even U.S. default threat hurts poorest

    By Reuters

    WASHINGTON (Reuters) - World Bank President Jim Yong Kim on Wednesday said even the threat of a U.S. default could hurt emerging markets and the world's most vulnerable people. "We're very concerned...

  • The Senate Tries to Break the Shutdown Stalemate

    By Eric Pianin

    With House Republicans seemingly spinning their wheels on ideas for ending the government shutdown and avoiding a first-ever default, Senate Democrats and a few Republicans declared on Tuesday that...

  • Obama and Boehner Star in “War of the Words"

    By Josh Boak, The Fiscal Times

    The government could teeter into default after Oct. 17, but President Obama and House Speaker John Boehner did little to settle their budgetary grudge match on Tuesday. Instead, both men played the...