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...

  • Italian PM to call confidence vote as government nears collapse

    Italian PM to call confidence vote as government nears collapse

    By Francesca Piscioneri and Giuseppe Fonte, Reuters

    ROME (Reuters) - Italian Prime Minister Enrico Letta will call a confidence vote in parliament after a showdown with center-right partners in his fragile coalition scuppered a vital package of budget...

  • Fed doves make case for patience on tightening policy

    Fed doves make case for patience on tightening policy

    By Ann Saphir and Balazs Koranyi and Jonathan Spicer, Reuters

    MINNEAPOLIS/OSLO/NEW YORK (Reuters) - The Federal Reserve must be patient in deciding when to scale back bond purchases, top officials said on Friday, with one arguing it could wait "years" to lift...

  • The Economic Impact of a Government Shutdown

    By Josh Boak, The Fiscal Times

    So a government shutdown is supposed to crush the economy. Every major player has sounded alarms about the downturn that happens without a spending measure in place by Monday night. It seems to be...

  • Season Two of the Debt Ceiling Show Is a Disaster

    By Jacqueline Leo

    If there weren’t so much at stake, I could write off this episodic soap opera over a government shutdown and defaulting on our debt as just plain entertainment. I had seen the show before, after all...

  • Last-Minute Budget Worries Hammer the Dollar

    By RICHARD HUBBARD, Reuters

    Concern over budget and debt negotiations in Washington sent the dollar close to a seven-month low and pressured world equities on Friday while European shares took a hit from worries over Italy...