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...

  • U.S. stock mutual funds gain $7.5 billion, most since 2001: Lipper

    By Sam Forgione, Reuters

    NEW YORK (Reuters) - Investors in U.S.-based funds poured $7.53 billion into stock mutual funds, the most since 2001, after U.S. lawmakers reached a deal to avert tax increases and spending cuts,...

  • House Goes Senate One Better with Pork Laden Sandy Bill

    By Eric Pianin

    House Republicans criticized Senate Democrats for filling the fiscal cliff deal with pet projects and pork barrel spending, but next week the House will vote on its version of $50.6 billion in...

  • Fed hawks worry about threat of inflation

    Fed hawks worry about threat of inflation

    By Ann Saphir and Alister Bull, Reuters

    MADISON, Wis./KANSAS CITY, Missouri (Reuters) - Two top Federal Reserve policymakers expressed discomfort on Thursday with the U.S. central bank's easy monetary policy, in comments suggesting Fed...

  • Chamber of Commerce CEO Raises Debt Limit Red Flag

    By Josh Boak, The Fiscal Times

    The U.S. Chamber of Commerce—one of the dominant forces in GOP politics—sketched out its playbook Thursday for the upcoming fight over the debt ceiling. After delivering his annual “State of American...

  • Insight: Orban to use Hungary central bank in battle for growth

    Insight: Orban to use Hungary central bank in battle for growth

    By Krisztina Than and Sandor Peto, Reuters

    BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban has an ace up his sleeve as he tries to revive a recession-bound economy and secure his political future: soon he can take full control of a...