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...

  • Top U.S. tax breaks to cost $12 trillion over decade, benefit wealthy: CBO

    Top U.S. tax breaks to cost $12 trillion over decade, benefit wealthy: CBO

    By David Lawder, Reuters

    WASHINGTON (Reuters) - The top ten tax deductions, credits and exclusions will keep $12 trillion out of federal government coffers over the next decade, and several of them mainly benefit the...

  • New bridge linking Europe and Asia embodies Turkey's rise

    New bridge linking Europe and Asia embodies Turkey's rise

    By Daren Butler and Evrim Ergin, Reuters

    ISTANBUL (Reuters) - Turkey launched construction on Wednesday of a third bridge linking its European and Asian shores, the latest in a slew of multi-billion dollar projects that Prime Minister...

  • EU shifts policy focus in quest for growth

    EU shifts policy focus in quest for growth

    By Jan Strupczewski, Reuters

    BRUSSELS (Reuters) - After three years of deep spending cuts, the European Union confirmed a shift in policy on Wednesday, telling countries they must focus on structural economic reforms to boost...

  • A Top Economist’s Five-Point Plan to Fix the U.S.

    By Josh Boak, The Fiscal Times

    $newsletter1$, Over the past month, several well-oiled, Republican arguments against deficit spending have started to sound rusty. So Columbia University economist Glenn Hubbard roots his latest...

  • 10 Things You Don’t Know About Obama’s New Econ Guru

    By Josh Boak, The Fiscal Times

    President Obama has a new top economic adviser—Jason Furman, a Harvard PhD whose links to the administration stretch back to the 2008 presidential campaign, making him one of the president’s longest...