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...

  • People walk past a row of Volkswagen e-Golf cars during the company's annual news conference in Berlin March 13, 2014. REUTERS/Tobias Schwarz

    Volkswagen seeks savings of 10 billion euros: source

    By Reuters

    "For the group, efficiency measures could amount to around 10 billion euros," a Volkswagen source said on Friday. The move underlines how Volkswagen is still seeking to glean greater efficiencies...

  • FILE PHOTO: A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, November 15, 2017. REUTERS/Toru Hanai/File Photo

    Goldman Sachs raises dollar/yen forecast to 130 by end-2015

    By Reuters

    The yen has fallen over 10 percent in the past month and skidded to a seven-year low against the dollar at 118.98 this week after Japan postponed a planned hike in sales tax and braced itself for...

  • FILE PHOTO: A visitor reacts as she hugs Disney character Mickey Mouse at Tokyo Disneyland in Urayasu, east of Tokyo April 15, 2011. REUTERS/Issei Kato

    ECB drops Citi from FX contact group

    By Eva Taylor and Jamie McGeever, Reuters

    FRANKFURT (Reuters) - The European Central Bank has dropped Citigroup from its experts' working group on foreign exchange, days after the U.S. bank was fined by U.S. and UK regulators for failing to...

  • U.S. Securities and Exchange Commission (SEC) Director of Corporation Finance Keith Higgins (R) moderates a panel discussion at SEC headquarters in Washington November 20, 2014. REUTERS/Joshua Roberts

    SEC director with big stock holdings stirs debate

    By Sarah N. Lynch, Reuters

    WASHINGTON (Reuters) - Keith Higgins, who runs the office that reviews public companies' books at the U.S. Securities and Exchange Commission, reported stock holdings worth between about $2 million...

  • Brazil's President Dilma Rousseff attends a breakfast with journalists at the Planalto Palace in Brasilia, Brazil, January 15, 2016. REUTERS/Adriano Machado

    HSBC sees improved Brazil risk, reward as Rousseff adjusts policies

    By Guillermo Parra-Bernal, Reuters

    SAO PAULO (Reuters) - Strategists at HSBC Securities are recommending investors take on additional risk in Brazil, where equity markets sank about 30 percent from this year's peaks, on signs that...