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...

  • Fed's Fisher says U.S. "drowning in unemployment"

    Fed's Fisher says U.S. "drowning in unemployment"

    By Chris Baltimore, Reuters

    RICHARDSON, Texas (Reuters) - The United States is "drowning in unemployment," its economy is running at stall speed and inflation is "not a problem," but easier monetary policy is not the answer,...

  • Spanish bank audit buys more time for PM Rajoy

    Spanish bank audit buys more time for PM Rajoy

    By Jesús Aguado, Reuters

    MADRID (Reuters) - An independent audit of Spanish banks confirmed a manageable 59.3 billion euros in extra capital is needed for them to ride out a serious economic downturn, buying time for Prime...

  • France's 2013 budget hikes taxes on companies, rich

    By Reuters

    PARIS (Reuters) - France's draft 2013 budget imposed a total of roughly 20 billion euros in new taxes on large companies and wealthy households, including hikes in taxation on dividend income and...

  • How Romney Can Win the Debates and Close the Gap

    By Eric Pianin

    If Republican presidential nominee Mitt Romney fails to exploit the opportunity presented by next Wednesday’s debate with President Obama, the election could very well be over by the end of next week...

  • Why Big Money Can’t Buy an Election After All

    By Bruce Bartlett, The Fiscal Times

    One of the most surprising things to come out of this election cycle is how little value Mitt Romney appears to have gotten from the big money advantage he was expected to have. All during the summer...