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...

  • Argentina fails to reach debt agreement, default imminent

    Argentina fails to reach debt agreement, default imminent

    By Richard Lough and Eliana Raszewski and Daniel Bases, Reuters

    BUENOS AIRES/NEW YORK (Reuters) - Argentina will default on its debt within hours after talks with holdout creditors broke down on Wednesday. As the clock ticked toward a midnight (0400 GMT) deadline...

  • Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

    Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

    By Jonathan Stempel, Reuters

    NEW YORK (Reuters) - A federal judge on Wednesday ordered Bank of America Corp <BAC.N> to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial...

  • U.S. economy back on track with strong second-quarter rebound

    U.S. economy back on track with strong second-quarter rebound

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing...

  • 5 Reasons to Be Optimistic About Economic Growth

    By Rob Garver

    The Bureau of Economic Analysis said Wednesday that the U.S. economy grew at a 4 percent annualized rate in the second quarter of 2014. It exceeded expectations of 3 percent and added credibility to...

  • Twitter's surge revives valuation debate

    Twitter's surge revives valuation debate

    By Supantha Mukherjee, Reuters

    (Reuters) - The surge in Twitter Inc's <TWTR.N> stock has revived debate about whether it warrants a valuation five times that of Facebook Inc <FB.O>, its biggest rival in social media...