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...

  • Five Key Players Who Can Throw Us Over the Fiscal Cliff

    By Eric Pianin and Josh Boak

    As the presidential election campaign heads into November, GOP and Democratic lawmakers are busy hammering their own pitons into the fiscal cliff — staking out routes that could either force...

  • Big Bird and Politics Through the Years

    By The Fiscal Times Staff

    Whoever thought Big Bird and Sesame Street would be ruffling feathers on Pennsylvania Avenue this election year? Of course, many political figures have made appearances on the show over the years...

  • S&P cuts Spain credit rating to near junk

    S&P cuts Spain credit rating to near junk

    By Daniel Bases, Reuters

    NEW YORK (Reuters) - Standard & Poor's on Wednesday cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the...

  • Vague state policies frustrate Egypt business leaders

    Vague state policies frustrate Egypt business leaders

    By Shaimaa Fayed and Asma Alsharif, Reuters

    CAIRO (Reuters) - Business leaders voiced frustration with Egypt's government at an investment conference in Cairo this week, where officials pledged to revive an economy battered by political...

  • Biden Next Up to Try to Save a Sputtering Obama

    By Eric Pianin and Josh Boak

    Former President Bill Clinton thrilled the entire Democratic National Convention by giving a stronger explanation and defense of Obama’s economic policies than Obama himself did the next night. Now,...