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...

  • Credibility meets compromise in Europe's bank stress test

    Credibility meets compromise in Europe's bank stress test

    By Laura Noonan, Reuters

    LONDON (Reuters) - When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial...

  • Texas lab worker tests negative for Ebola after cruise in isolation

    Texas lab worker tests negative for Ebola after cruise in isolation

    By Erwin Seba, Reuters

    GALVESTON Texas (Reuters) - A Dallas hospital lab worker who spent much of a cruise holiday in isolation after possible exposure to Ebola, has tested negative for the disease, Carnival Cruise Lines...

  • Shelling in east Ukraine's Donetsk kills four civilians

    Shelling in east Ukraine's Donetsk kills four civilians

    By Reuters

    DONETSK Ukraine (Reuters) - Four civilians were killed and nine wounded by shrapnel during fighting on Saturday and Sunday in eastern Ukraine's separatist stronghold city of Donetsk, local officials...

  • Volatility Will Continue Through the Election

    By Patti Domm, CNBC

    Get ready for another blast of head-spinning volatility. Following the most turbulent market week in years, some strategists are ready to call the all clear. But others say stocks could test the lows...

  • Ebola Vaccine in Progress from British Drugmaker GSK

    By Costas Pitas, Reuters

    Britain's biggest drugmaker GlaxoSmithKline said on Saturday work to develop a vaccine to combat Ebola, which has killed thousands in West Africa, was moving at a rapid pace. "Development of the...