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...

  • Republicans weigh swallowing tax hike on the wealthy

    Republicans weigh swallowing tax hike on the wealthy

    By Richard Cowan, Reuters

    WASHINGTON (Reuters) - While Republican leaders in the House of Representatives insist that raising tax rates on the rich is an impossibility, some Republican lawmakers now see it as inevitable to...

  • Britain to miss debt-cutting goal, growth targets

    Britain to miss debt-cutting goal, growth targets

    By David Milliken and Peter Griffiths, Reuters

    LONDON (Reuters) - Britain's finance minister said on Wednesday he would break a key debt-cutting promise and warned that growth will be weaker than expected in a bleak outlook that could damage his...

  • Obama takes his case to people for "fiscal cliff" deal

    Obama takes his case to people for "fiscal cliff" deal

    By Steve Holland, Reuters

    REDFORD, Michigan (Reuters) - Making no visible headway in direct talks with Republicans, President Barack Obama took to the road on Monday to apply pressure on his political opponents to agree to a...

  • Osborne tries to sweeten pill for austerity in Britain

    Osborne tries to sweeten pill for austerity in Britain

    By Matt Falloon and David Milliken, Reuters

    LONDON (Reuters) - More austerity looks certain when British finance minister George Osborne presents a half-yearly budget statement on Wednesday, even if he tries to juggle some spending around to...

  • Cliff Deal or Not? Experts Say “Don’t Bet on It”

    With negotiations between the White House and House Speaker John Boehner over ways to avoid a year fiscal cliff stalled for now, many budget policy and political experts say they are highly dubious...