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...

  • Merkel plans to stand down in 2016 if re-elected: magazine

    Merkel plans to stand down in 2016 if re-elected: magazine

    By Reuters

    BERLIN (Reuters) - Germany's Angela Merkel plans to step down as chancellor in 2016, a year before the end of a third term, if she is re-elected in a September 22 election, according to an unsourced...

  • Obama’s Bypass Congress Plan: Big Talk, Little Action

    By Josh Boak, The Fiscal Times

    President Obama has an obvious workaround for dealing with a combative Congress—he’ll just blaze his own path as the titular head of the executive branch. It’s far from a full-proof strategy. The...

  • Obama Reneges on Letting You Keep Your Health Plan

    Sometimes it takes a Big Bang – a startling event -- to wake up voters. The collapse of the auto industry was just such a shocker, revealing how our high labor costs had crushed U.S. manufacturers...

  • As Fed Officials Hedge on Stimulus, Stocks React

    By Reuters

    Stocks fell on Tuesday, putting the S&P 500 on track for its second straight drop after comments from a pair of U.S. Federal Reserve officials left investors unsure about the timing of a possible...

  • Three Ways Obama Will Ace His Housing Speech

    By Josh Boak, The Fiscal Times

    President Obama lays out his vision Tuesday for winding down the mortgage giants Fannie Mae and Freddie Mac—almost five years after the housing bust wrecked the economy and the two companies became...