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...

  • Supreme Court denies request to block Texas voter ID law

    Supreme Court denies request to block Texas voter ID law

    By Curtis Skinner, Reuters

    (Reuters) - The U.S. Supreme Court on Saturday denied a request to block a Texas law requiring residents to show certain forms of identification before they vote, a measure that supporters say...

  • Obama says Ebola travel ban could make things worse

    Obama says Ebola travel ban could make things worse

    By Roberta Rampton, Reuters

    WASHINGTON (Reuters) - President Barack Obama on Saturday urged Americans to avoid hysteria over Ebola, and played down the idea of travel bans from Ebola-ravaged countries in West Africa, explaining...

  • Nepal blizzard trek toll up to 39, more than 370 rescued

    Nepal blizzard trek toll up to 39, more than 370 rescued

    By Rupam Jain Nair and Gopal Sharma, Reuters

    KATHMANDU (Reuters) - The death toll in a blizzard that engulfed trekkers on a popular hiking route in Nepal rose by nine on Saturday to 39, as a helicopter search spotted more bodies stranded in the...

  • Rebels kill more than 20 people in east Congo village

    By Reuters

    KINSHASA (Reuters) - Suspected Ugandan rebels killed more than 20 people overnight in their second attack near the eastern Congolese town of Beni in 48 hours, a civic group said on Saturday. Violence...

  • Hurricane Gonzalo scores bull's eye hit on Bermuda

    Hurricane Gonzalo scores bull's eye hit on Bermuda

    By Sam Strangeways, Reuters

    HAMILTON Bermuda (Reuters) - Hurricane Gonzalo slammed into Bermuda on Friday, knocking out most of the electricity as it lashed the tiny Atlantic island chain with pounding surf, torrential rain and...