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...

  • U.S. says wants Syria's Assad out despite focus on Islamic State

    U.S. says wants Syria's Assad out despite focus on Islamic State

    By Reuters

    UNITED NATIONS (Reuters) - The United States is focusing its efforts on defeating Islamic State militants wreaking havoc in Iraq and Syria but has not changed its position that Syrian President...

  • Eurocontrol seeks more info sharing for airspace safety

    Eurocontrol seeks more info sharing for airspace safety

    By Alwyn Scott, Reuters

    WASHINGTON (Reuters) - Europe's air-traffic control organization on Tuesday fleshed out a plan for countries to share non-public intelligence in conflict zones to help airlines avert tragedies such...

  • Obama, Modi work to deepen improving U.S.-India ties

    Obama, Modi work to deepen improving U.S.-India ties

    By Steve Holland and David Brunnstrom, Reuters

    WASHINGTON (Reuters) - U.S. President Barack Obama and Indian Prime Minister Narendra Modi agreed on Tuesday to deepen U.S.-Indian cooperation on maritime security to ensure freedom of navigation in...

  • The Islamic Silent Majority You Never Heard About

    By Milad Milani, The Conversation

    The “cultural Muslim” refers to members of the Muslim community who are non-practicing but retain an attachment to elements of Islamic culture. The history of the Muslim world entails the story of...

  • ISIS Now Controls 40 Percent of Iraq’s Wheat Crop

    By Maggie Fick, Reuters

    For Salah Paulis, it came down to a choice between his faith and his crop. A wheat farmer from outside Mosul, Paulis and his family fled the militant group Islamic State early last month. The group...