Finance

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: 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...

  • FILE PHOTO: Credit reporting company Equifax Inc. corporate offices are pictured in Atlanta, Georgia, U.S., September 8, 2017. REUTERS/Tami Chappell/File Photo

    U.S. consumer finance agency expected to punish Equifax: lawyers

    By Reuters and Patrick Rucker

    By Lisa Lambert and Patrick Rucker WASHINGTON (Reuters) - The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with...

  • FILE PHOTO: The U.S. Capitol Building is lit at sunset in Washington, U.S., December 20, 2016. REUTERS/Joshua Roberts/File Photo

    Congress sends Trump disaster aid, debt limit increase

    By Richard Cowan and Amanda Becker, Reuters

    WASHINGTON (Reuters) - The U.S. House of Representatives approved a bill to provide disaster aid, extend the debt ceiling and fund the federal government for three months on Friday, delivering on...

  • FILE PHOTO - Safra A. Catz, Chief Executive Officer, Oracle, speaks at 2017 SelectUSA Investment Summit in Oxon Hill, Maryland, U.S., June 19, 2017. REUTERS/Joshua Roberts

    Congress Must Raise Debt Ceiling by Mid-October: CBO

    By Ginger Gibson, Reuters

    WASHINGTON (Reuters) - The U.S. Congress will need to raise the nation's debt limit by early to mid-October to avoid defaulting on loan payments, the Congressional Budget Office said in a report on...

  • The Five Largest US Banks are Launching Their Venmo 'Killer'

    By David Henry and Anna Irrera, Reuters

    The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally. Over...

  • FILE PHOTO - A view of the exterior of the Nasdaq market site in Times Square in New York City, NY, U.S. April 25, 2017. REUTERS/Shannon Stapleton

    Forget Trump, Here's What's Driving Stocks Higher

    By Alex Rosenberg, CNBC

    It looks like investor hopes about President Donald Trump will go unfulfilled, but stocks will keep rising anyway, according to famed investment strategist Byron Wien. "At the beginning of the year,...

  • FILE PHOTO: A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange, New York, U.S. on April 16, 2012. REUTERS/Brendan McDermid/File Photo

    Are the Banks Flashing a Warning Sign for the Economy?

    By Jeff Cox, CNBC

    Despite high levels of economic confidence expressed by business owners and consumers, one key indicator shows that it has not translated into much action yet. Loan issuance declined in the first...

  • A pharmacy employee works to fill a prescription in New York. REUTERS/Lucas Jackson

    Republican knives out for Obama's medical devices tax

    By Kevin Drawbaugh, Reuters

    WASHINGTON (Reuters) - Republicans in the U.S. Congress will soon move to kill a medical device tax imposed less than two years ago under President Barack Obama's healthcare law, congressional aides...

  • A billboard advertisement of Takata Corp is pictured in Tokyo September 17, 2014. REUTERS/Toru Hanai

    Takata air bag recalls

    By Maki Shiraki and Mari Saito, Reuters

    2008: Nov 4 – Honda Motor <7267.T> recalls 4,000 Accords and Civics (2001 models) globally as Takata air bag inflators may produce excessive internal pressure causing them to rupture and spray...

  • The Canary Wharf financial district is seen in east London November 12, 2014. REUTERS/Suzanne Plunkett

    Citigroup now understands next stress test requirements, CFO says

    By Reuters

    Gerspach, speaking at an investor conference, said this is "the first time leading into the test that we actually understood what the Fed is looking for." In March Citigroup failed in its last annual...

  • FILE PHOTO -- Shopping carts are seen outside a new Wal-Mart Express store in Chicago July 26, 2011. REUTERS/John Gress/File Photo

    Wal-Mart told store managers to match online prices with Amazon

    By Reuters

    Greg Foran said the directive was meant to formalize a practice already in place in many stores. "About half of the stores were doing it anyway," Foran said on a call with media following the...

  • Negotiators of Iran and six world powers face each other at a table in the historic basement of Palais Coburg hotel in Vienna April 24, 2015. REUTERS/Heinz-Peter Bader

    Russia says Nov. 24 deadline in doubt in Iran talks

    By Reuters

    The six powers - Russia, China, the United States, France, Britain and Germany - want to ensure Iran's nuclear program does not enable it to build nuclear weapons, though Iran says its nuclear work...