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. spy agency bugged U.N. headquarters: Germany's Spiegel

    U.S. spy agency bugged U.N. headquarters: Germany's Spiegel

    By Reuters

    BERLIN (Reuters) - The U.S. National Security Agency has bugged the United Nations' New York headquarters, Germany's Der Spiegel weekly said on Sunday in a report on U.S. spying that could further...

  • Merkel tries to reassure nervous German voters over Greece

    Merkel tries to reassure nervous German voters over Greece

    By Madeline Chambers, Reuters

    BERLIN (Reuters) - German Chancellor Angela Merkel sought to reassure voters on Sunday that Greece would not need a debt writedown but left open the option of more aid for Athens as she struggled to...

  • Congress Foolish to Ignore Lessons of Fiscal Cliff

    By Andrew Fieldhouse, The Fiscal Times

    If you hate hearing “I told you so” stories, stop reading. Nine months ago, policymakers on both sides of the political aisle were rightfully voicing concerns over the “fiscal cliff” slated to take...

  • Emerging market slump highlights Fed's global reach

    Emerging market slump highlights Fed's global reach

    By Pedro Nicolaci da Costa, Reuters

    JACKSON HOLE, Wyoming (Reuters) - The recent selloff in emerging markets is a classic case of being careful what you wish for. When the Federal Reserve was ramping up its asset purchases to support a...

  • Central banks told to cooperate on managing global liquidity

    Central banks told to cooperate on managing global liquidity

    By Reuters

    JACKSON HOLE, Wyoming (Reuters) - Central banks should coordinate to avoid unwanted side effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top...