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...

  • Do Tax Cuts Spur Economic Growth? The GOP Thinks So

    By Eric Pianin and Josh Boak

    House Speaker John Boehner has offered to support an increase in revenues as part of a major budget deal to reduce the deficit and avoid a fiscal cliff, but to do it without raising tax rates...

  • GOP Plan B: Embrace the Nonwhite American Future

    By Bruce Bartlett, The Fiscal Times

    The big story out of Tuesday’s election is that Republicans finally understand that they cannot win as a lily-white party any more. Smart Republicans have been warning about this for some time, but...

  • Guess What Tops Obama's New To-Do List?

    By Knowledge Wharton, Knowledge@Wharton

    The election is over. After three feisty debates, hundreds of campaign stops, billions spent on ads and countless candidate "robo-calls," America has re-elected Barack Obama as Commander in Chief...

  • Spend Billions on Elections, Get Lousy Returns

    By Dan Eggen and Tw Farnam, The Washington Post

    Never before has so much political money been spent to achieve so little. Record spending by independent groups, which in many ways defined how campaigns were waged this year, had no dis­cern­ible...

  • Tax hike for wealthy won't kill growth: CBO

    Tax hike for wealthy won't kill growth: CBO

    By David Lawder and Kim Dixon, Reuters

    WASHINGTON (Reuters) - Allowing income tax rates to rise for wealthy Americans, and maintaining rates for the less affluent, would not hurt U.S. economic growth much in 2013, the Congressional Budget...