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...

  • Euro zone falls into second recession since 2009

    Euro zone falls into second recession since 2009

    By Robin Emmott and Michelle Martin, Reuters

    BRUSSELS/BERLIN (Reuters) - The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday. The...

  • Executives urge White House, lawmakers to avoid "fiscal cliff"

    By Reuters

    WASHINGTON (Reuters) - Business executives urged President Barack Obama and U.S. lawmakers on Wednesday to prevent a year-end across-the-board tax rise that will go into effect unless Congress acts,...

  • Relaxed yet feisty, Obama lays out second-term agenda

    Relaxed yet feisty, Obama lays out second-term agenda

    By Jeff Mason and Mark Felsenthal, Reuters

    WASHINGTON (Reuters) - President Barack Obama laid out his second-term agenda on Wednesday, expressing a willingness to work with Republicans in Congress and a resolve to defy them if necessary. In...

  • Obama Hints Economy Strong Enough for Tax Hike

    By Josh Boak, The Fiscal Times

    President Obama has previously urged tax hikes on wealthier Americans, only to back down two years ago in the face of a brittle economy and a resistant and resurgent GOP. That won’t happen again, he...

  • Pelosi Plays the Gender Card in ‘Cliff’ Negotiations

    By Josh Boak, The Fiscal Times

    In announcing her plans to continue leading the Democrats in the House, Nancy Pelosi s stressed an unusual but critical and easily overlooked political force in resolving the fiscal cliff: gender...