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...

  • Italy sets aside funding for Monte Paschi bank

    By Giuseppe Fonte and Stephen Jewkes, Reuters

    ROME/MILAN (Reuters) - Italy agreed on Tuesday to help Banca Monte dei Paschi di Siena plug a capital gap of between 1.3 to 1.7 billion euros, the first state aid offered to an Italian bank since the...

  • Tremonti bond legislation to go in asset sale decree-source

    By Reuters

    ROME (Reuters) - Italian legislation to help banks with new bonds underwritten by the state will go into a decree on asset sales already approved on June 15, a government source told Reuters on...

  • France boosts minimum wage as spending freeze bites

    France boosts minimum wage as spending freeze bites

    By Reuters

    PARIS (Reuters) - France's new government announced a cosmetic 2 percent increase in the minimum wage on Tuesday as it seeks to soften the blow from tax hikes and spending freezes to the struggling...

  • Greece names Stournaras as new finance minister

    Greece names Stournaras as new finance minister

    By Reuters

    ATHENS (Reuters) - Greece's ruling coalition appointed economist Yannis Stournaras as the country's new finance minister, the prime minister's office said on Tuesday. "Prime Minister Antonis Samaras...

  • Bank bailout to spark firesale of corporate Spain

    Bank bailout to spark firesale of corporate Spain

    By Tracy Rucinski and Carlos Ruano, Reuters

    MADRID (Reuters) - The European bailout for Spain's banks will push them to sell an empire of stakes in the nation's top companies, ending a cozy culture of corporate-banking links and prompting a...