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...

  • Americans may still see some Ebola cases, Obama says

    Americans may still see some Ebola cases, Obama says

    By Reuters

    WASHINGTON (Reuters) - President Barack Obama said on Wednesday that Americans may continue to see individual cases of Ebola in the United States until the outbreak in West Africa is contained. Obama...

  • EU, U.N. condemn Ukraine rebels' election plans

    EU, U.N. condemn Ukraine rebels' election plans

    By Reuters

    BRUSSELS (Reuters) - The European Union and United Nations condemned plans to hold elections in rebel-held areas of eastern Ukraine on Sunday, with the EU explicitly denouncing Moscow's support for...

  • Israel's Netanyahu fumes at reported U.S. slur

    Israel's Netanyahu fumes at reported U.S. slur

    By Jeffrey Heller, Reuters

    JERUSALEM (Reuters) - An anonymous U.S. official's reported description of Prime Minister Benjamin Netanyahu as a "chickenshit", or worthless coward, drew a sharp response on Wednesday from the...

  • British PM Cameron's bid to guarantee EU referendum fails

    British PM Cameron's bid to guarantee EU referendum fails

    By William James, Reuters

    LONDON (Reuters) - British Prime Minister David Cameron's hopes of enshrining into law his promise of a referendum on European Union membership have collapsed after lawmakers said late on Tuesday...

  • Gazprom to resume gas supply once Ukraine pays $2.2 billion

    Gazprom to resume gas supply once Ukraine pays $2.2 billion

    By Denis Pinchuk and Gabriela Baczynska, Reuters

    MOSCOW (Reuters) - Russia could resume natural gas deliveries to Ukraine as soon as next week if Kiev pays $2.2 billion in debt and pre-payments, gas exporter Gazprom said on Friday, under a deal...