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...

  • Scientists grapple with ethics in rush to release Ebola vaccines

    Scientists grapple with ethics in rush to release Ebola vaccines

    By Kate Kelland, Reuters

    LONDON (Reuters) - Normally it takes years to prove a new vaccine is both safe and effective before it can be used in the field. But with hundreds of people dying a day in the worst ever outbreak of...

  • Volatility Is the Keyword This Week for Markets

    By Patti Domm, CNBC

    As the second quarter ends, the focus this coming week will be on the September jobs report, which could deliver proof that employment is improving enough to justify the Fed's move away from stimulus...

  • Air strikes said to hit Islamic State oil refineries in Syria

    Air strikes said to hit Islamic State oil refineries in Syria

    By Mariam Karouny and Ayla Jean Yackley, Reuters

    BEIRUT/ISTANBUL (Reuters) - Air raids believed to have been carried out by U.S.-led forces hit three makeshift oil refineries in northern Syria on Sunday as part of a campaign against Islamic State,...

  • Russia's Lavrov says ties with Washington need 'reset 2.0'

    Russia's Lavrov says ties with Washington need 'reset 2.0'

    By Gabriela Baczynska, Reuters

    MOSCOW (Reuters) - Moscow called on Sunday for a new "reset 2.0" in relations with Washington, saying the situation in Ukraine that had led to Western sanctions against Russia was improving thanks to...

  • Frenchman's murder puts Algeria back on the shifting map of jihad

    Frenchman's murder puts Algeria back on the shifting map of jihad

    By Patrick Markey and Lamine Chikhi, Reuters

    ALGIERS (Reuters) - When a little-known group of Algerian militants beheaded a French tourist last week, they were not only lashing out at the West, but also staking an unmistakable claim in the...