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...

  • At CPAC, GOP Talks of Future But Gets Stuck on Past

    By Josh Boak, The Fiscal Times

    Republicans gathered en masse outside D.C. to talk about their future, but much of the focus of speeches Friday at the Conservative Political Action Conference was on the past.

  • Gridlocked Italian parliament fails to elect speakers

    Gridlocked Italian parliament fails to elect speakers

    By Giselda Vagnoni and Giuseppe Fonte, Reuters

    ROME (Reuters) - Italy's new parliament sat on Friday for the first time since an inconclusive general election produced a political stalemate that meant deputies and senators were unable even to...

  • Exclusive: Draghi lectures euro zone leaders about labor costs

    Exclusive: Draghi lectures euro zone leaders about labor costs

    By Luke Baker, Reuters

    BRUSSELS (Reuters) - European Central Bank President Mario Draghi gave EU leaders a crash course in macroeconomics late on Thursday, emphasizing his concerns about low productivity and high labor...

  • Italian parliament meets to seek way out of election gridlock

    Italian parliament meets to seek way out of election gridlock

    By James Mackenzie, Reuters

    ROME (Reuters) - The Italian parliament convened on Friday for the first time since last month's deadlocked election with no sign of a deal to end the stalemate and yield a new government able to...

  • Fragile Portugal gets more time on bailout goals

    Fragile Portugal gets more time on bailout goals

    By Sergio Goncalves, Reuters

    LISBON (Reuters) - Portugal's lenders eased its budget goals on Friday and gave it more time to make unpopular spending cuts, acknowledging the country's compliance with its bailout program will not...