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...

  • FILE PHOTO - Pedestrians walk past a store window advertising up to 50 percent discount during winter sales in Berlin, January 9, 2014, REUTERS/Fabrizio Bensch

    Ford keeps pushing for lighter cars despite oil price fall

    By Martin Dokoupil, Reuters

    DUBAI (Reuters) - Ford Motor Co's drive to make its sport utility vehicles (SUV) and other models lighter to save fuel and boost performance will not be delayed by a recent drop in oil prices,...

  • Stephen A. Schwarzman, Chairman and Chief Executive Officer of The Blackstone Group, speaks during an interview in New York in this file photo from February 27, 2014. REUTERS/Brendan McDermid/Files

    Exclusive: Blackstone chases Buffett with 'core' private equity

    By Greg Roumeliotis, Reuters

    NEW YORK (Reuters) - Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private...

  • A logo at a Royal Bank of Scotland (RBS) branch is seen in the City of London March 6, 2013. REUTERS/Toby Melville

    RBS set to be fined by UK regulator for 2012 system crash

    By Reuters

    The penalty from the Financial Conduct Authority could be in the region of 50 million pounds, according to two sources familiar with the matter. RBS customers were affected in June 2012 by problems...

  • A woman walks past a banner with the logo of Juniper Networks Inc. covering the facade of the New York Stock Exchange, October 29, 2009. REUTERS/Brendan McDermid

    How to beat newly hot real estate markets

    By Beth Pinsker, Reuters

    NEW YORK (Reuters) - How much house will $2 million get you in the United States these days? You could buy 25 pretty nice four-bedroom, two-bath homes in Cleveland, Ohio. Or, you could get just one...

  • Credit monitoring company One Technologies settles with FTC

    By Diane Bartz, Reuters

    WASHINGTON (Reuters) - Credit monitoring company One Technologies LP will refund $22 million to customers to settle U.S government allegations that its websites inadequately disclosed its charges for...