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...

  • Top Democrat: tax revamp should not cut taxes for rich

    Top Democrat: tax revamp should not cut taxes for rich

    By Kim Dixon, Reuters

    WASHINGTON (Reuters) - A top Senate Democrat on Tuesday called for scrapping a tax reform model of lowering tax rates for all Americans that has been the rule since Ronald Reagan was president, and...

  • Tough path taken by Greece will pay off: Merkel

    Tough path taken by Greece will pay off: Merkel

    By Reuters

    ATHENS (Reuters) - The tough path Greece is on will pay off, German Chancellor Angela Merkel said on Tuesday during a visit to Athens marred by clashes between police and protesters. In her first...

  • Will the Veep Debate Help Ryan Get His Mojo Back?

    By Josh Boak, The Fiscal Times

    By drafting House Budget Committee Chairman Paul Ryan as his running mate, Mitt Romney was supposedly adding a franchise player to the GOP ticket, but the Wisconsin congressman thus far has tarnished...

  • The New War over Low-Wage Workers’ Tax Breaks

    By Merrill Goozner, The Fiscal Times

    The Earned Income Tax Credit and Child Tax Credit--both geared to low-income earners--encourage work over welfare. But they may get the axe if the government drives over the fiscal cliff at the...

  • How Much Trust Should We Have in Economic Data?

    Perhaps it’s not surprising that a political party unable to come to grips with the scientific evidence on global warming would extend its claim that the evidence is politically manipulated to other...