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...

  • No sense of crisis in Congress as automatic cuts loom again

    No sense of crisis in Congress as automatic cuts loom again

    By David Lawder, Reuters

    WASHINGTON (Reuters) - Big automatic cuts in federal spending are fast approaching again, alarming the defense sector but generating little activity in Congress to avoid them. The cuts, known as a "...

  • IMF fails to agree on new formula for vote reforms

    By Lesley Wroughton, Reuters

    WASHINGTON (Reuters) - The International Monetary Fund failed to meet a self-imposed Thursday deadline for agreeing on a new formula to determine member countries' voting power that would give...

  • Why the GOP Retreated on the Debt Ceiling

    By Josh Boak, The Fiscal Times

    Sitting in a Capitol Hill basement on Wednesday, Republican congressional aides heard a lunchtime presentation about why their bosses were wise to back down on the debt limit. The economist walking...

  • Fed keeps stimulus in place as U.S. economy "paused"

    Fed keeps stimulus in place as U.S. economy "paused"

    By Alister Bull and Pedro da Costa, Reuters

    WASHINGTON (Reuters) - The Federal Reserve on Wednesday left in place its monthly $85 billion bond-buying stimulus plan, arguing the support was needed to lower unemployment even as it indicated a...

  • Your Guide to Obama’s and Senate’s Immigration Plans

    By Eric Pianin and Josh Boak

    President Obama on Tuesday unveiled his proposals for overhauling the nation’s immigration laws and for the first time providing a pathway to citizenship for more than 11 million undocumented workers...