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...

  • Bailout to Add $21B to Deficit

    By David Lawder, Reuters

    The U.S. financial bailout program will add $21 billion to the budget deficit next year largely due to lower valuations of the government's stock in General Motors Co and American International Group...

  • Big Biz Tax Hikes in '13 Budget

    By Kim Dixon and PATRICK TEMPLE-WEST, Reuters

    President Barack Obama's 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks...

  • Obama Seeks Middle Ground with 7-Step Budget Plan

    By Merrill Goozner, The Fiscal Times

    President Obama’s budget will offer a blueprint for his reelection bid, and set the parameters for the Democratic Party on key tax and spending issues as it seeks to retain the White House and regain...

  • Election 2012: Obama Is Misplaying the Tax Card

    By Bruce Bartlett, The Fiscal Times

    Barack Obama has a potentially strong hand on the tax issue, but is misplaying it. An enormous opportunity was missed when he ignored the issue of tax reform in his State of the Union address on Jan...

  • Misspent Defense: Funding Last Century's Wars

    By Merrill Goozner, The Fiscal Times

    Secretary of Defense Leon Panetta is running around the world reassuring allies that the cuts in next year’s Pentagon budget won’t lessen America’s resolve. "Our military footprint in Europe will...