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...

  • Euro zone inflation edges up to dim chance of new ECB action

    Euro zone inflation edges up to dim chance of new ECB action

    By Robert-Jan Bartunek, Reuters

    BRUSSELS (Reuters) - Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at...

  • Want to Earn a Six-Figure Salary? Move to Asia

    By Chris Pash, Business Insider

    The quickest way to earn between $200,000 and $300,000 a year may be to become an expatriate in Asia. China has the highest income growth potential for expats. It ranks first in the Expat Economics...

  • The U.S. Shale Boom May Be Shorter Than Predicted

    By Nick Cunningham, Oilprice.com

    A new study has cast serious doubt on whether the much-ballyhooed U.S. shale oil and gas revolution has long-term staying power. The U.S. produced 8.5 million barrels of oil per day in July of this...

  • Suspect in Pennsylvania police ambush denied bail

    Suspect in Pennsylvania police ambush denied bail

    By Joe McDonald, Reuters

    MILFORD Pa. (Reuters) - A bruised and gaunt Eric Frein, captured after a seven-week manhunt and wearing the handcuffs of the Pennsylvania trooper he is accused of killing, was held without bail on...

  • Good GDP Numbers Put U.S. at Top of a Middling Heap

    By Rob Garver

    The U.S. grew at a solid 3.5 percent annualized rate in the third quarter, which economists took as a sign that the recovery is gaining momentum. But global trends suggest that struggling trade...