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...

  • EU's Rehn against debt funded growth, backs Spain plan

    EU's Rehn against debt funded growth, backs Spain plan

    By Reuters

    TALLINN (Reuters) - The European Union's top economic official on Saturday warned against funding national growth packages with new debt and urged governments to stick with structural reforms and...

  • Lack of new cash disappoints in Spain bank reform

    Lack of new cash disappoints in Spain bank reform

    By Julien Toyer and Jesús Aguado, Reuters

    MADRID (Reuters) - Spain's government tried to plug a gaping hole in the country's banking system on Friday, but the fourth such attempt to tackle the fallout from a property crash fell short of...

  • Congress May Toss the Economy over the Fiscal Cliff

    Unless the badly divided Congress and President Obama can agree on a slew of confounding budget and tax issues in the run up to a crucial presidential and congressional fall election, a fragile...

  • Bernanke warns lawmakers on looming fiscal risks

    Bernanke warns lawmakers on looming fiscal risks

    By Reuters

    WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke reminded lawmakers at a closed-door meeting on Thursday that failing to address automatic spending cuts and tax increases at the end of...

  • U.S. logs first monthly budget surplus in 42 months

    By Mark Felsenthal, Reuters

    WASHINGTON (Reuters) - The United States posted a budget surplus for the first time in 42 months in April on a rise in tax receipts and a drop in government spending, although it partly reflected a...