Markets

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,...

  • usFILE PHOTO: A bulldozer moves coal at the Murray Energy Corporation port facility in Powhatan Point, Ohio

    Trump's Coal Job Push Stumbles in Most States

    By Valerie Volcovici, Reuters

    WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...

  • 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...

  • French Bank Stocks Plunge

    By ANGELA CHARLTON and GREG KELLER

    As French bank Societe Generale's shares plunged more than 20 percent at one point, while stock in BNP Paribas was off nearly 10 percent and Credit Agricole fell more than 14 percent, President...

  • S&P Downgrade: White House, Business Shoot Messenger

    By Ciro Scotti

    The crosscurrents swirling around Standard & Poor’s and its downgrade of U.S. debt are so treacherous and easily misunderstood that perhaps it should have recused itself from making a judgment.

  • How Obama Set the Bear Loose on Wall Street

    By Paul Starobin, The Fiscal Times

    President Obama seemed to be riding high in the markets in early May on the news that Osama bin Laden had been killed, but investor disenchantment with the president runs deep, and this week’s...

  • Stocks Rebound as Wall Street Awaits Fed

    By Zachary A Goldfarb, The Washington Post

    Wall Street gained ground and held on Tuesday morning, restoring a bit of hope for investors after another turbulent night for overseas markets and the steepest losses for U.S. indexes since 2008.

  • Dow Drops 635 Points – How Low Will It Go?

    By Yuval Rosenberg

    Wall Street suffered a mini-crash on Monday, but some investors fear we may have a long way to go before we reach bottom.