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...

  • Pentagon looks to cut 40,000 to 50,000 civilians over five years

    Pentagon looks to cut 40,000 to 50,000 civilians over five years

    By Reuters

    WASHINGTON (Reuters) - The Pentagon is looking to reduce the size of its nearly 800,000 civilian workforce by 40,000 to 50,000 employees over the next five years, mainly through attrition as it...

  • Senate Measure Expands Background Checks for Gun Buyers

    By Richard Cowan, Reuters

    Prospects for a gun control bill’s passage in the Senate in coming weeks got a boost on Wednesday with a bipartisan agreement on background checks for gun buyers.

  • IMF chief says easy monetary policy should stay for now

    IMF chief says easy monetary policy should stay for now

    By Daniel Bases and Steven C. Johnson, Reuters

    NEW YORK (Reuters) - Global growth is likely to remain tepid this year and central banks should keep their easy monetary policies in place, the head of the International Monetary Fund said on...

  • Fed probes early release of minutes, appears accidental

    Fed probes early release of minutes, appears accidental

    By Alister Bull, Reuters

    WASHINGTON (Reuters) - The Federal Reserve launched an investigation on Wednesday into one of the U.S. central bank's worst security lapses in years, but said it appeared that the early release of...

  • Obama Budget Hits Millionaires with New Tax Hikes

    By Mark Felsenthal and Jeff Mason, Reuters

    The White House on Wednesday proposed a budget that sharply trims the U.S. deficit over three years by forcing millionaires to pay more in taxes and enacting spending cuts that replace the "sequester...