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...

  • U.S. Secretary of Defense Chuck Hagel listens during his testimony at the House Armed Services Committee on Capitol Hill in Washington, November 13, 2014. REUTERS/Larry Downing

    U.S. Navy sees decision soon on follow-on for LCS warship

    By Reuters

    Chief of Naval Operations Admiral Jonathan Greenert expected a quick decision based on a recommendation submitted by the Navy, but gave no details. "The Secretary is very close to a decision,"...

  • China's President Xi Jinping (2nd R) and Australia's Prime Minister Tony Abbott (3rd L) leave after a group photo of G20 leaders and representatives of partner groups at the annual G20 summit in Brisbane November 15, 2014. REUTERS/Jason Reed

    U.S., EU override Australia to put climate change on G20 agenda

    By Lincoln Feast and Jane Wardell, Reuters

    BRISBANE Australia (Reuters) - The G20 communique will include a significant passage on climate change, EU officials said on Sunday, as the United States and other heavyweight nations override host...

  • UK looking into reports IS beheading suspect wounded

    By Reuters

    The man, dubbed "Jihadi John" by the British media, was believed to have been injured in an air attack on a summit of IS leaders in an Iraqi town close to the Syrian border last Saturday, Britain's...

  • A probe named Philae is seen after it landed safely on a comet, known as 67P/Churyumov-Gerasimenko, in this CIVA handout image released November 13, 2014. REUTERS/ESA/Rosetta/Philae/CIVA/Handout via Reuters

    Comet lander shuts down after sending data

    By Irene Klotz, Reuters

    (Reuters) - A pioneering robotic spacecraft shut down on Saturday after radioing results of its first and probably last batch of scientific experiments from the surface of a comet, scientists said...

  • China's President Xi Jinping (2nd R) and Australia's Prime Minister Tony Abbott (3rd L) leave after a group photo of G20 leaders and representatives of partner groups at the annual G20 summit in Brisbane November 15, 2014. REUTERS/Jason Reed

    Russian aggression against Ukraine a threat to world: Obama

    By Alexei Anishchuk and Jane Wardell and Erik Kirschbaum and Jane Wardell and Matt Siegel, Reuters

    BRISBANE Australia (Reuters) - The United States, as the world's only superpower, is leading the global community in opposing Russia's aggression against Ukraine, as well as other threats, U.S...