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...

  • Deals Close on Transportation, Student Loan Rates

    By Reuters

    U.S. congressional negotiators neared a pair of election-year deals on Tuesday, one for a massive job-creating transportation bill, the other to prevent a doubling of student-loan interest rates,...

  • Cyprus requests IMF financial help: Lagarde

    By Reuters

    WASHINGTON (Reuters) - Cyprus has asked the International Monetary Fund for financial assistance to help it deal with the country's banking crisis, the head of the IMF said on Wednesday. "Today, the...

  • Veepstakes: ‘Plain’ Pawlenty in Top Tier for Ticket

    By Eric Pianin and Maureen Mackey

    Last summer, former Minnesota governor Tim Pawlenty looked washed up after he dropped out of the GOP presidential campaign after a poor showing in the Iowa straw poll. But his months of loyal support...

  • Merkel stands firm on euro bonds before EU summit

    Merkel stands firm on euro bonds before EU summit

    By Noah Barkin and Stephen Brown, Reuters

    BERLIN (Reuters) - German Chancellor Angela Merkel accused other European leaders on Wednesday of wanting to put the cart before the horse by pressing for common bond issuance to fight the euro zone...

  • German June inflation eases to 1.7 percent y/y

    By Reuters

    BERLIN (Reuters) - Annual inflation in Europe's largest economy decelerated in June to its lowest rate in 18 months and stood below a key 2.0 percent mark for price stability for the second month...