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...

  • Japan's representative Akira Amari adjusts his translator's headphones during the Trans-Pacific Partnership meeting of trade representatives in Sydney

    U.S. raises level of concern on Kuwait copyright laws

    By Reuters

    The U.S. Trade Representative said Kuwait had failed to introduce a copyright law in line with international standards and to properly protect copyright and trademarks. "The U.S. remains concerned...

  • Russian roubles are seen in this illustration picture taken in Moscow February 17, 2014. REUTERS/Maxim Shemetov

    Putin hopes rouble will stabilize after central bank floats

    By Reuters

    Putin also told the International Monetary Fund chief Christine Lagarde that the rouble's recent slide was due to "speculative attacks" and that the country's central bank could punish those carrying...

  • Russian central bank governor Elvira Nabiullina gestures during a news conference in Moscow, Russia, June 16, 2017. REUTERS/Sergei Karpukhin

    Russian central bank cuts growth forecasts, sees sanctions until 2017

    By Elena Fabrichnaya and Jason Bush and Lidia Kelly, Reuters

    MOSCOW (Reuters) - Russia faces the prospect of three more years of sanctions and stagnation, the central bank said on Monday, honing its tactics to defend the rouble from the fallout of President...

  • An employee uses a machine to count Russian roubles at a private company's office in Krasnoyarsk, Siberia, November 6, 2014. REUTERS/Ilya Naymushin/Files

    Russians buy dollars, hoard cash on rouble fears

    By Alexander Winning and Oksana Kobzeva, Reuters

    MOSCOW (Reuters) - Many Russians are buying dollars and hoarding cash, increasingly concerned by a slide in the rouble and wary of possible restrictions on bank withdrawals as President Vladimir...

  • The German national flag is seen in front of dark clouds at the Chancellery in Berlin, Germany, May 30, 2016. REUTERS/Fabrizio Bensch

    Senior EU aide defends Juncker on Luxembourg tax deals

    By Paul Taylor and Robin Emmott, Reuters

    PARIS/BRUSSELS (Reuters) - A senior aide defended European Commission President Jean-Claude Juncker on Monday against charges of having provided a haven for corporate tax avoidance in Luxembourg,...