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FILE PHOTO - Senate Majority Leader Mitch McConnell speaks with reporters...

U.S. budget negotiations advance but no deal yet

U.S. Congress and White House negotiators spent hours in closed-door meetings trying to reach a two-year deal on federal spending but could not yet wrap up an agreement, Senate Democratic leader Chuck Schumer said on Tuesday.

FILE PHOTO: Tax preparation office pictured in Los Angeles

U.S. states cheer April income tax deluge but analysts urge caution

April, typically a big revenue month for U.S. states that levy personal income taxes, was especially robust this year, making up for subpar collections in prior months, but analysts cautioned the tax surge underscores how state budgets face greater volatility from federal tax law changes and the stock market.

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