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...

  • Spain region, Greek exit warnings rattle euro zone

    Spain region, Greek exit warnings rattle euro zone

    By Fiona Ortiz and Nicholas Vinocur, Reuters

    (Reuters) - Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets...

  • Bankia set to ask Spain for more than $19 billion

    Bankia set to ask Spain for more than $19 billion

    By Carlos Ruano and Sonya Dowsett, Reuters

    MADRID (Reuters) - Spain's Bankia SA is set to ask the state for a more than 15 billion euros ($19 billion) bailout on Friday, marking another rise in the cost of a drawn-out rescue of the country's...

  • Insight: Crisis dims dreams for Europe's poor east

    Insight: Crisis dims dreams for Europe's poor east

    By Michael Winfrey and Luiza Ilie, Reuters

    PETRACHIOAIA, Romania (Reuters) - Five years after joining the European Union, this town 13 miles outside of Romania's capital is still waiting for the jump in living standards its politicians said...

  • Uncle Sam to Reap $3.5 Billion from Facebook IPO

    By Merrill Goozner, The Fiscal Times

    One big winner from the Facebook IPO is Uncle Sam, who will collect billions in income taxes from the insiders given stock as part of the networking company’s initial public offering. The government...

  • New Romania PM eyes tax cuts to boost growth

    By Sam Cage, Reuters

    BUCHAREST (Reuters) - Romania's new government will stick to this year's budget plan but aim to combine growth with austerity in 2013 by cutting personal income and sales taxes should it win an...