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...

  • Bernanke sees good 2013 if "fiscal cliff" avoided

    Bernanke sees good 2013 if "fiscal cliff" avoided

    By Jonathan Spicer and Leah Schnurr, Reuters

    NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday that 2013 could be a "very good year" for the U.S. economy if politicians can strike a quick deal to avoid the so-called...

  • The Stunning Collapse in Business Confidence

    By Samuel Ro, The Fiscal Times

    Morgan Stanley just published its November read on its proprietary Business Conditions Index, and it dropped 6 points to 35%. This follows last month's stunning 14 point plunge.

  • Dutch economy shrinks sharply in third quarter

    By Reuters

    AMSTERDAM (Reuters) - The Dutch economy shrank an unexpectedly sharp 1.1 percent in the third quarter, hit by declines in every business sector, falling exports, low consumer confidence and...

  • Obama Takes His 'Tax the Rich' Show on the Road

    By Eric Pianin and Josh Boak

    President Obama says you can’t change Washington from the inside and so will be using his bully pulpit in the coming weeks to whip up public support for his approach to dealing with the looming...

  • Business Claims a Stake in Obama's Cliff Deal

    By Josh Boak, The Fiscal Times

    Following his first news conference since the election, President Obama met with a dozen CEOs on Wednesday afternoon to signal a new start with a group that has viewed his administration as hostile...