Global Economy

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: Senator John Barrasso (R-WY) speaks during a press conference on Capitol Hill in Washington, U.S., September 12, 2017. REUTERS/Joshua Roberts

    No Talk of Ousting Speaker Ryan, Key Conservative Says

    By Reuters

    Many Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: Arellano, deputy of the Venezuelan coalition of opposition parties (MUD), clashes with national guards during a rally against Venezuela's President Nicolas Maduro's government in Caracas

    The Risk That Could Drive Oil Prices Higher in a Hurry

    By Nick Cunningham, Oilprice.com

    The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very...

  • Emmanuel Macron, head of the political movement 'En Marche!', or 'Onwards!', and candidate for the 2017 presidential election, delivers a speech as he attends a meeting for Women's day in Paris, France

    France Just Made a Big Move Toward a Green Energy Future

    By Bate Felix and Simon Carraud, Reuters

    France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said on Thursday at a presentation of measures to keep up...

  • The Austrian parliament is seen in Vienna, Austria, November 4, 2016. REUTERS/Heinz-Peter Bader

    Iran to resist 'excessive' demands in push for nuclear deal

    By Fredrik Dahl and Parisa Hafezi, Reuters

    VIENNA (Reuters) - Iran said it would resist Western pressure to make what it considered to be excessive concessions in nuclear talks that started on Tuesday, highlighting obstacles that could...

  • U.S. President Barack Obama delivers remarks about the progress made to date in the response to the Ebola outbreak in West Africa, from the Eisenhower Executive Office Building on the White House campus in Washington February 11, 2015. REUTERS/Jonathan

    Timeline: Rising violence in Jerusalem

    By Maayan Lubell and Allyn Fisher-Ilan, Reuters

    Three of Tuesday's victims held joint Israeli-U.S. citizenship and the fourth was a British-Israeli national, police said. Following is an overview of major incidents in Jerusalem, Tel Aviv and the...

  • The Canary Wharf financial district is seen in east London November 12, 2014. REUTERS/Suzanne Plunkett

    British lawmakers to quiz bankers after forex fines: source

    By Kirstin Ridley, Reuters

    LONDON (Reuters) - British lawmakers will quiz top bankers in the wake of last week's $4.3 billion (3 billion deal with regulators to settle allegations of collusion and manipulation in the foreign...

  • Workers spread asphalt on a street in the Cow Hollow neighborhood in San Francisco, California June 2, 2010. REUTERS/Robert Galbraith

    Gasoline price drop could boost U.S. holiday spending: UPS CFO

    By Nick Carey, Reuters

    ATLANTA (Reuters) - Lower U.S. gasoline prices could boost consumer spending ahead of the holiday season, a critical period for the retail sector, a top executive at United Parcel Service Inc said on...

  • Greece's Finance Minister Gikas Hardouvelis speaks during an interview with Reuters in Athens November 5, 2014. REUTERS/Alkis Konstantinidis

    Greece at odds with EU/IMF lenders in 'tough' bailout review

    By Lefteris Papadimas, Reuters

    ATHENS (Reuters) - Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens...