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...

  • How to Turn a Tax Increase into a Tax Cut

    By Bruce Bartlett, The Fiscal Times

    Talk about the so-called fiscal cliff has been shifting lately, away from the potential negative effects when a number tax cuts expire of toward the idea that this is a potential opportunity to...

  • Disability Benefit Program Is Going Broke

    By Josh Boak, The Fiscal Times

    Created decades ago to help those unable to work because of severe health problems, the $128 billion Social Security Disability program stops many from sliding into total poverty and inflicting...

  • Draghi sends strong signal that ECB will act

    Draghi sends strong signal that ECB will act

    By David Milliken and Marius Zaharia, Reuters

    LONDON (Reuters) - European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, sending a strong signal that inflated Spanish...

  • Spain not mulling seeking further EU help: sources

    Spain not mulling seeking further EU help: sources

    By Julien Toyer, Reuters

    MADRID (Reuters) - Spain is not considering seeking immediate help from the European Union to ease its spiraling borrowing costs, two Spanish sources said on Thursday, although the euro zone is...

  • Greece hammers out savings demanded by lenders: source

    By Reuters

    ATHENS (Reuters) - Greece's government has found 11.7 billion euros in savings for 2013 and 2014 demanded by foreign lenders and will present it later on Thursday to the leaders of its ruling...