State and Local

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: A pharmacist holds prescription painkiller OxyContin at a local pharmacy in Provo

    Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

    By Nate Raymond, Reuters

    (Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...

  • 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...

  • FILE PHOTO: U.S. Homeland Security Secretary Jeh Johnson (L) listens to Representative Tom Marino (R-PA) (R) before a House Judiciary committee hearing on the 'Oversight of the US Department of Homeland Security' on Capitol Hill in Washington July 14, 20

    Trump's drug czar nominee withdraws from consideration

    By Sarah N. Lynch and Makini Brice, Reuters

    WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...

  • 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...

  • Amtrak's $151B Price Tag Hits a High Speed Bump

    By Knowledge Wharton, Knowledge@Wharton

    Amtrak, which for years has drawn criticism for its inability to turn a profit, has admitted that its newest vision would cost a staggering $151 billion, most of which would come from government...

  • 4 Reasons to Worry About Municipal Bonds

    By John Wasik, Reuters

    Given the recent scandal over Libor pricing, it's easy to think that municipal bond markets may be the next to be outed for pricing irregularities. While you shouldn't worry about the majority of...

  • Exclusive: Regulators irate at NY action against StanChart

    Exclusive: Regulators irate at NY action against StanChart

    By Carrick Mollenkamp and Emily Flitter and Karen Freifeld, Reuters

    NEW YORK/LONDON (Reuters) - The Treasury Department and Federal Reserve were blindsided and angered by New York's banking regulator's decision to launch an explosive attack on Standard Chartered Plc...

  • Spyker sues GM for over $3 billion on Saab bankruptcy

    Spyker sues GM for over $3 billion on Saab bankruptcy

    By Sara Webb and Anthony Deutsch, Reuters

    AMSTERDAM (Reuters) - Dutch sportscar maker Spyker NV is suing General Motors Co for more than $3 billion on behalf of its subsidiary Saab, accusing the U.S. automaker of deliberately bankrupting the...

  • Oklahoma wildfire crews helped by cooler temperatures

    Oklahoma wildfire crews helped by cooler temperatures

    By Steve Olafson, Reuters

    OKLAHOMA CITY (Reuters) - Cooler temperatures gave a slight boost on Sunday to crews battling 18 wildfires across Oklahoma that have torched at least 121 structures and charred thousands of acres...