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...

  • A labourer works on an apartment building under construction in a Jewish settlement known to Israelis as Har Homa and to Palestinians as Jabal Abu Ghneim in an area of the West Bank that Israel captured in a 1967 war and annexed to the city of Jerusalem,

    Israeli gives initial approval for 200 new homes in East Jerusalem

    By Reuters

    Violence has flared in the past few weeks over Jerusalem's most sacred and politically sensitive site, holy to both Jews and Muslims. U.S. Secretary of State John Kerry was due in Jordan on Wednesday...

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

    U.S. says world needs more demand for economic recovery

    By Reuters

    "In the short term, the world fundamentally needs more demand," U.S. Treasury Secretary Jack Lew said, according to prepared remarks at the World Affairs Council in Seattle. Lew, speaking ahead of...

  • Pedestrians walk past the Bank of England in the City of London May 15, 2014. REUTERS/Luke MacGregor

    Bank of England fires chief FX dealer

    By Jamie McGeever and William Schomberg, Reuters

    LONDON (Reuters) - The Bank of England has fired its chief foreign exchange dealer after an investigation criticised his handling of suspicious market practices, the BoE said on Wednesday. The review...

  • Activists hold hands during a silent protest at a hearing of the United States at the Committee against Torture at the United Nations in Geneva November 13, 2014. REUTERS/Denis Balibouse

    Brown father at U.N. says seeks justice for slain son

    By Robert Evans, Reuters

    GENEVA (Reuters) - The father of black teenager Michael Brown, shot dead by a policeman in Ferguson, Missouri, in August, said on Wednesday he and the boy's mother had come to the United Nations in...

  • FILE PHOTO - U.S. one dollar bills blow near the Andalusian capital of Seville in this photo illustration taken on November 16, 2014. REUTERS/Marcelo Del Pozo

    U.S. OCC fines three banks $950 million over forex misconduct

    By Emily Stephenson, Reuters

    WASHINGTON (Reuters) - A U.S. bank regulator on Wednesday fined three top banks a total of $950 million for failing to prevent employees' misconduct in foreign exchange trading. The Office of the...