Sectors + Companies

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 - Treasury Secretary Steve Mnuchin listens as U.S. President Donald Trump hosts a tax reform industry meeting at the White House in Washington, U.S., October 31, 2017. REUTERS/Kevin Lamarque

    Trump Tries to Sell Tax Reform to Democrats

    By David Morgan, Reuters

    WASHINGTON (Reuters) - President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday even as Senate Republicans edged closer to passing a budget measure that...

  • 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...

  • California sees reserves growing more than $4 billion over two years

    By Robin Respaut, Reuters

    (Reuters) - California's state budget will accumulate more than $4 billion of reserves in the next two years, the budget watchdog estimated on Wednesday, a sign of significant progress for the debt-...

  • Rick Rieder, Chief Investment Officer (CIO) of Fundamental Fixed Income at BlackRock Inc. speaks at the Reuters Global Investment Outlook Summit in New York, November 17, 2014. REUTERS/Mike Segar

    Peters describes Fed approach to hikes as 'later, lower, longer'

    By Jennifer Ablan and Jonathan Stempel, Reuters

    NEW YORK (Reuters) - Greg Peters, who helps manage more than $534 billion in assets as senior portfolio manager at Prudential Fixed Income, a unit of Prudential Investment, said on Wednesday the...

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

    Dollar reaches seven-year highs against yen

    By Karen Brettell, Reuters

    NEW YORK (Reuters) - The dollar rose to seven-year highs against the Japanese yen on Wednesday after the Federal Reserve meeting released minutes contained no big surprises to make investors change...

  • Smucker's says big coffee price increase was a 'misstep'

    By Marcy Nicholson, Reuters

    NEW YORK (Reuters) - J.M. Smucker Co, the maker of Folgers coffee, said on Wednesday it made a "misstep" with its most recent price increase, which caused sales volumes to drop sharply as customers...

  • Calvert's Roy says high-yield market offers 'some good gems'

    By Ross Kerber and Luciana Lopez, Reuters

    NEW YORK (Reuters) - Low default rates and slow U.S. growth mean that high-yield bonds remain an attractive investment area, Calvert Investment Management bond chief Cathy Roy said on Wednesday. "...