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...

  • Kids Need a History Lesson--Start with the 4th of July

    By Liz Peek

    When families gather this week to watch fireworks light up the skies, will their children have any idea what we are celebrating? Do they understand the significance of the Declaration of Independence...

  • Big U.S. Companies Pay 12.6 Percent Average Tax Rate

    By Patrick Temple West, Reuters

    For U.S. corporations the top federal income tax rate is 35 percent, but large, profitable companies on average paid only about a third of that in 2010, a report by the investigative arm of Congress...

  • Afghanistan Slaps U.S. With $1 Billion Tax Bill

    By Brianna Ehley, The Fiscal Times

    While the United States has poured billions of dollars into the effort to rebuild war-torn Afghanistan, the Afghan government violated an understanding by slapping the U.S. with a billion-dollar tax...

  • Gettysburg Remembered: The Battle by the Numbers

    By Dominique Bonessi and Maureen Mackey, The Fiscal Times

    It’s been 150 years since the Battle at Gettysburg – a three-day turning point in the brutal Civil War. The Fiscal Times takes a look at this transcendent piece of our nation’s history as well as the...

  • Merkel opponent derides jobless summit as cynical ploy

    Merkel opponent derides jobless summit as cynical ploy

    By Stephen Brown and Holger Hansen, Reuters

    BERLIN (Reuters) - Angela Merkel's summit on youth unemployment in Europe is an attempt to paper over the economic consequences of the austerity policies she championed in the region, a leading...