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...

  • GOP Bets On Austerity to Lead Them to Victory

    By Eric Pianin

    A year ago, Republicans ran away from Rep. Paul Ryan’s draconian budget plan after Democrat Kathy Hochul won a special House election in a heavily Republican upstate New York district by attacking...

  • $100b and Counting: Missiles that Work…Sometimes

    By Merrill Goozner, The Fiscal Times

    Republicans in the House want to expand the troubled missile defense system. Analysts are divided as to who is behind this new push to pour more money into a system that as often as not misses its...

  • Comments after EU leaders' summit

    By Reuters

    BRUSSELS (Reuters) - European leaders discussed ways to revive their economies on Wednesday night, with growth and jobs on the agenda along with the situation in Greece. Following are comments by EU...

  • Fed's Bullard says orderly Greek exit possible

    By Mark Felsenthal, Reuters

    ST. LOUIS (Reuters) - Greece could exit the euro zone without doing deep damage to the U.S. and European economies if the transition is handled properly, a top Federal Reserve official said on...

  • Spain to inject $11.3 billion funding gap at Bankia

    Spain to inject $11.3 billion funding gap at Bankia

    By Jesús Aguado and Sarah White, Reuters

    MADRID (Reuters) - Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens...