Politics at Live Trading News has news, opinion and analysis of America and global politics Find news about elections, the White House, the U.N and much more. The United States is a federal republic in which the president, Congress, and courts share powers reserved to the national government according to its Constitution. At the same time, the federal government shares sovereignty with the state governments in America. The executive branch is headed by the President and is formally independent of both the legislature and the judiciary. The cabinet serves as a set of advisers to the President. They include the Vice President and heads of the executive departments. Legislative power is vested in the two chambers of Congress, the Senate and the House of Representatives. The judicial branch (or judiciary), composed of the Supreme Court and lower federal courts, exercises judicial power (or judiciary). The judiciary's function is to interpret the United States Constitution and federal laws and regulations. This includes resolving disputes between the executive and legislative branches. The federal government's layout is explained in the Constitution.