Government Shutdown

Congress Averts Shutdown, Passes a Five Month $1.1 Trillion Spending Package

By Eric Pianin

GOP and Democratic negotiators struck a final deal over the weekend for a roughly $1.1 trillion spending package to carry the government through the remainder of the fiscal year – a plan that...
Renewed Fight Over Obamacare Could Prompt Government Shutdown

By Eric Pianin

The bitter partisan warfare over health care reform intensified on Thursday when congressional Democrats threatened to shut down the government this weekend if House Republicans try to move forward...
12 Reasons Another Government Shutdown Would Hurt the Country

By Eric Pianin

The last time the federal government was shut down nearly four years ago, hundreds of adults and children were temporarily denied access to National Institutes of Health (NIH) cancer clinical trials...
Can Trump’s Wall Really Pay for Itself Over 10 Years?

By Rob Garver

The original plan for President Trump’s border wall, repeated ad nauseam on the campaign trail, was that it would be paid for by Mexico. On Sunday, though, Attorney General Jeff Sessions floated a...
Trump Pushes Congress to the Wall to Avoid a Government Shutdown

By Rob Garver

The already-complicated effort to avert a government shutdown on April 29 is taking on another layer of complexity, with the White House demanding that any spending measure that funds the federal...

Why You Might Not Get Your Tax Refund on Time This Year

By Rob Garver

Every year, millions of Americans anxiously await the annual infusion of cash from the Internal Revenue Service when it pays back excess withholding from the previous year. However, according to the...
After Their Break, Congress Will Have 4 Days to Avoid a Shutdown

By Eric Pianin and Rob Garver

When members of the House of Representatives return to Washington from a nearly three-week break at the end of the month, they will have left themselves just four legislative days to come to some...
Trump Hands Democrats Another Reason to Shut Down the Government

By Rob Garver

With representatives of both major parties making optimistic noises about their ability to come together on a bill that would allow the government to remain open once the current temporary spending...
The Clock Is Ticking on a Government Shutdown: 5 Things You Need to Know

By Rob Garver

As Congress prepares to leave town for another break, the Senate has been focused on the effort to confirm (or deny) Neil Gorsuch as a justice of the Supreme Court. The GOP House is desperate to show...
Why Another Government Shutdown Is Suddenly in the Cards

By Rob Garver

The clock is already ticking on the Trump administration and House Speaker Paul Ryan’s next showdown with recalcitrant Republican lawmakers.

Forget China, the More Immediate Threat to Your Portfolio Is From Congress

By Michael Brush, The Fiscal Times

Investors have been pulling out of stocks largely on fears of a potential slowdown in China's economy. But to understand what's going to hit their portfolios next, they'd be wiser to look closer to...
Will Boehner Challenge the 40 Lawmakers Threatening Another Shutdown?

By Martin Matishak

With only a handful of days left before the end of the fiscal year, Capitol Hill lawmakers are in no hurry to come up with a solution that will prevent the federal government from shutting down for...
A ‘Perfect Storm’ Is Brewing as the Budget Battle Looms

By Martin Matishak

The Republican-controlled Congress has been back from August recess for one full day and lawmakers already seemed overwhelmed by the slate of problems they left unresolved before adjourning.
Obama to GOP: Don't Kill the Economy This Fall

By Eric Pianin

With ominous political clouds gathering as lawmakers prepare to return to Washington early next month, President Obama on Thursday warned Congress not to “kill” the economy with another government...
The U.S. Balance Sheet Is a Disaster that Congress Can’t Fix

By Rob Garver

When Congress comes back next month, there’s a good chance that lawmakers and the White House will face off over federal spending once again, taking the Treasury to the brink of default before...

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