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...

  • Senate Reaches Agreement to Extend Tax Breaks

    By Kim Dixon and Roberta Rampton, Reuters

    A bipartisan group of Senate tax-writers clinched a tentative deal on Wednesday to renew dozens of business tax breaks that have expired or will lapse at year-end, two top senators said, with further...

  • Romney tax plan helps rich, hurts middle class: study

    Romney tax plan helps rich, hurts middle class: study

    By Kim Dixon, Reuters

    WASHINGTON (Reuters) - Republican U.S. presidential challenger Mitt Romney's proposal to slash income taxes by 20 percent across the board would boost income for the wealthiest taxpayers while...

  • 10 ‘Kicked Cans’ That Can Send the U.S. Over the Cliff

    By Josh Boak and Eric Pianin, The Fiscal Times

    Amid all the mania about the government driving off the fiscal cliff early next year, there is the usual complaint about Washington putting off the kinds of reforms that would stop the federal budget...

  • U.S. raises pressure for euro zone crisis action

    U.S. raises pressure for euro zone crisis action

    By Paul Carrel and Gernot Heller, Reuters

    FRANKFURT/BERLIN (Reuters) - The United States raised the pressure on euro zone leaders to take decisive action on solving the region's debt crisis, notably by lowering troubled members' borrowing...

  • Why the Fed Is Powerless to Clean Up Housing Mess

    By Merrill Goozner, The Fiscal Times

    Federal Reserve Board policymakers, meeting today in Washington, face a terrible dilemma. They can’t do what needs to be done to stimulate a near moribund economy. And what they can do won’t help...