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...

  • EU to renegotiate bailout terms with Greece: official

    By Jan Strupczewski, Reuters

    BRUSSELS (Reuters) - International lenders and Greece will renegotiate the program on which the second financial bailout for Athens is based because the original has become outdated, a senior euro...

  • Cyprus sees Greek vote easing its path to aid

    By Michele Kambas, Reuters

    NICOSIA (Reuters) - Greece's election has cleared the way for Cyprus to obtain urgently-needed funds to recapitalize its banks by the end of the month, either from the EU rescue fund or through a...

  • 3 Reasons Why the Fed Won't Act This Week

    By Merrill Goozner, The Fiscal Times

    The economy is slowing, Europe is in crisis and uncertainty over the fiscal cliff is paralyzing decision-makers at every level of the economy. Yet the Federal Reserve Board is unlikely to take bold...

  • Obama, Romney Play Hero to Students Over College Loan

    By Eric Pianin

    President Obama and Republican presumptive nominee Mitt Romney are trying to woo young voters by backing legislation to block a doubling of the interest rate on some heavily subsidized federal...

  • Spain's short-term borrowing costs jump at auction

    Spain's short-term borrowing costs jump at auction

    By Paul Day, Reuters

    MADRID (Reuters) - Spain's short-term borrowing costs rose to their highest level since 1997 in a debt sale on Tuesday as investors worried the country will soon be forced to ask for international...