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...

  • Romney, Obama both like Simpson-Bowles plan, to a point

    Romney, Obama both like Simpson-Bowles plan, to a point

    By Kim Dixon, Reuters

    WASHINGTON (Reuters) - Republican hopeful Mitt Romney and President Barack Obama praised the deficit-cutting plan known as Simpson-Bowles at their debate on Wednesday, but neither has made the...

  • Factbox: Quotes from first presidential debate

    By Reuters

    (Reuters) - President Barack Obama and Republican candidate Mitt Romney on Wednesday faced off in Denver in the first of three debates ahead of the November 6 election. Below are some highlights of...

  • Factbox: Quotes from first U.S. presidential debate

    By Reuters

    (Reuters) - President Barack Obama and Republican candidate Mitt Romney on Wednesday faced off in Denver in the first of three debates ahead of the November 6 election. Below are some highlights of...

  • Live: Debate the Obama-Romney Debate

    By The Fiscal Times Staff

    Watch the first presidential debate between President Barack Obama and Gov. Mitt Romney from the University of Denver and join in the conversation about the economy and domestic policy issues.

  • Romney Floats a Cap on Tax Breaks...Is It for Real?

    By Josh Boak, The Fiscal Times

    Republican presidential nominee Mitt Romney finally dangled some specifics about how he could slash all marginal tax rates by 20 percent and not blow-up the deficit—cap deductions at $17,000. While...