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...

  • Petrobras scandal shakes up Brazil's presidential race

    Petrobras scandal shakes up Brazil's presidential race

    By Stephen Eisenhammer, Reuters

    RIO DE JANEIRO (Reuters) - Brazil's October presidential race has been shaken up by a corruption scandal allegedly involving state-run oil firm Petrobras and dozens of lawmakers, with both leading...

  • Markets’ Focus Moves from Jobs to the Fed

    By Patti Domm, CNBC

    After a stunningly bad August employment report, traders will turn their focus in the week ahead to any jobs and consumer-related data that could help prove the weakest jobs growth in eight months...

  • UK scrambles to promise more powers if Scots reject independence

    UK scrambles to promise more powers if Scots reject independence

    By Kylie MacLellan, Reuters

    LONDON (Reuters) - The British government is scrambling to respond to a lurch in the opinion polls toward a vote for Scottish independence this month by promising a range of new powers for Scotland...

  • BP ruling raises liability stakes for high-risk industries

    BP ruling raises liability stakes for high-risk industries

    By Mica Rosenberg, Reuters

    NEW YORK (Reuters) - A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but...

  • Alibaba to let employees buy shares in IPO: WSJ

    Alibaba to let employees buy shares in IPO: WSJ

    By Reuters

    (Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd <IPO-BABA.N> will allow employees and people close to the company to buy shares in its forthcoming initial public offering, the...