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 government hopes to avoid political crisis

    Italian government hopes to avoid political crisis

    By Giancarlo Navach, Reuters

    CERNOBBIO, Italy (Reuters) - Italian government leaders expressed hope on Saturday that the fragile ruling coalition could avoid a breakdown that would threaten strained finances and risk wrecking...

  • Greek premier says economic pain will ease next year

    Greek premier says economic pain will ease next year

    By Lefteris Papadimas and Karolina Tagaris, Reuters

    ATHENS (Reuters) - Greece's economic pain will ease in 2014 as it exits a recession that will be less acute than forecast this year, helping the country meet its bailout targets, Prime Minister...

  • At G20, Europe finds some space to breathe on economy

    At G20, Europe finds some space to breathe on economy

    By Luke Baker, Reuters

    ST. PETERSBURG, Russia (Reuters) - For the first time in at least three years, European leaders have found themselves out of the economic firing line at a Group of 20 summit, with emerging nations'...

  • Analysis: Australia's central bank mangles message on A$, rates

    Analysis: Australia's central bank mangles message on A$, rates

    By Wayne Cole, Reuters

    SYDNEY (Reuters) - The Australian central bank's attempts to talk down its currency have backfired as markets have pushed up both borrowing costs and the dollar on a view its easing cycle may be over...

  • India, Rajan and the Great Man fallacy: James Saft

    India, Rajan and the Great Man fallacy: James Saft

    By James Saft, Reuters

    (Reuters) - Enthusiasm for new Indian central bank head Raghuram Rajan is understandable, but blind faith in him is misplaced. While Rajan, the former IMF chief economist who took over as Governor of...