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...

  • Italy and the missed opportunity of euro "purgatory"

    Italy and the missed opportunity of euro "purgatory"

    By James Mackenzie and Gavin Jones, Reuters

    ROME (Reuters) - Antonio Fazio, the disgraced former governor of the Bank of Italy, warned half-jokingly in 1998 that the euro would not be paradise but a "purgatory" that would demand years of pain...

  • Merkel says shared debt "wrong" ahead of EU summit

    By Reuters

    BERLIN (Reuters) - German Chancellor Angela Merkel on Monday said shared debt liability within the euro zone was "economically wrong" and "counterproductive", in tough comments days ahead of a...

  • EU deal for Spain, Italy buoys markets but details sketchy

    EU deal for Spain, Italy buoys markets but details sketchy

    By Ilona Wissenbach and Luke Baker, Reuters

    BRUSSELS (Reuters) - Under pressure to prevent a catastrophic breakup of their single currency, euro zone leaders agreed on Friday to let their rescue fund inject aid directly into stricken banks...

  • Spain formally requests European aid for its banks

    Spain formally requests European aid for its banks

    By Reuters

    MADRID (Reuters) - Spain formally requested on Monday European aid of up to 100 billion euros for its banks, the Economy Ministry said in a statement. Spain's Economy Minister Luis De Guindos said in...

  • Senate Played a Shell Game with New Farm Bill

    Senate Democrats and Republicans say they achieved significant bipartisan reforms with passage of a major farm bill they approved on Thursday. While the Senate voted to do away with costly direct...