Federal Budget

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...
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...
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...
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...
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...

As Trump Announces Afghanistan Strategy, Here’s What the War Has Cost

By Yuval Rosenberg

President Trump will deliver his first prime-time address to the nation at 9 p.m. EDT tonight and is expected to announce that he’s sending thousands more U.S. troops to Afghanistan. If that is the...
Trump’s Proposed Budget Cuts Inspire a Monthly Fast in Protest

By Yuval Rosenberg

While many of us will be looking at or talking about the solar eclipse today, a group of religious anti-hunger activists are trying to draw the public's attention elsewhere. As USA Today reported on...
Why Trump’s Press Conference Was Disappointing Even Before It Got Controversial

By Yuval Rosenberg

President Trump's statement from Trump Tower on Tuesday afternoon was supposed to be about what the White House called “the Infrastructure Discussion” — but that’s not what’s being discussed after...
Budget Hawks Call for ‘Mini-Bargain’ to Address the Debt and Deficit

By Rob Garver

Perhaps it’s a mark of diminished expectations of the federal government’s ability to get things done, or just a concession to the reality that the country’s fiscal problems are simply too large to...
The Looming Fiscal Train Wreck Means Trump Won’t Get His Wall. Here’s Why

By Eric Pianin and Rob Garver

Congress has religiously missed its deadline for passing a budget and related spending bills for eight consecutive years. And from the looks of a looming fiscal train wreck this fall, congressional...

Fed officials point to fiscal benefits of bond buying

By Jonathan Spicer and Pedro da Costa, Reuters

NEW YORK (Reuters) - Two top Federal Reserve officials offered a fresh defense of the U.S. central bank's asset-buying program on Friday, arguing that it helps the nation's fiscal health by boosting...
Obama says across-the board cuts are not inevitable

By Reuters

WASHINGTON (Reuters) - President Barack Obama said on Friday he does not believe it is inevitable that Congress will let deep automatic spending cuts go into effect March 1. Obama and congressional...
Berlusconi's last throw of the dice in Italy election

By Barry Moody, Reuters

ROME (Reuters) - Billionaire showman Silvio Berlusconi has again astonished Italy with a storming comeback that has frayed nerves in European capitals and among investors, but the signs are his final...
Analysis: Icelanders question their lauded economic recovery

By Alistair Scrutton, Reuters

REYKJAVIK (Reuters) - Iceland's biggest IT company CCP is what the island needs to leave its economic crisis behind. It is global, growing and employs hundreds but its tale is also one of frustration...
Panic Over Defense Cuts—Just Political Theater?

By David Francis

Leon Panetta, Pentagon, sequestration, budget, deficit, defense, government workers, furlough

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