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. to train Liberian armed forces to help tackle Ebola crisis

    U.S. to train Liberian armed forces to help tackle Ebola crisis

    By Derick Snyder and Umaru Fofana, Reuters

    MONROVIA/FREETOWN (Reuters) - The United States said on Friday it would train Liberia's security forces to assist in isolation operations to tackle an Ebola epidemic ravaging the West African nation...

  • U.S. intensifies sanctions on Russia over Ukraine

    U.S. intensifies sanctions on Russia over Ukraine

    By Arshad Mohammed and Bill Trott, Reuters

    WASHINGTON (Reuters) - The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish...

  • EU raises pressure on Moscow with tougher sanctions

    EU raises pressure on Moscow with tougher sanctions

    By Adrian Croft, Reuters

    BRUSSELS (Reuters) - The European Union tightened sanctions on Russia on Friday over its role in the Ukrainian conflict, restricting access to financing for top Russian banks, defense and energy...

  • Euro zone ministers upset by broken French budget promises

    Euro zone ministers upset by broken French budget promises

    By Francesca Landini and Martin Santa, Reuters

    MILAN (Reuters) - France faced harsh criticism on Friday for failing to meet a deadline to put its finances in order, as frustrated euro zone ministers struggled to keep alive their post-crisis...

  • Special Report: Moscow stifles dissent as soldiers return in coffins

    Special Report: Moscow stifles dissent as soldiers return in coffins

    By Thomas Grove and Maria Tsvetkova, Reuters

    MOSCOW 2014 (Reuters) - Late last month Yelena Tumanova was handed the body of her son in a coffin at her home in Russia's Western Volga region. Anton Tumanov was 20 and a soldier serving in the...