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...

  • Obama, in Estonia and at NATO summit, to send strong message to Putin

    Obama, in Estonia and at NATO summit, to send strong message to Putin

    By Steve Holland, Reuters

    WASHINGTON (Reuters) - U.S. President Barack Obama will visit Estonia and attend a NATO summit in Wales next week to send a strong message to Russian President Vladimir Putin that his incursion into...

  • After hard bargaining, EU set for deal on new leadership

    After hard bargaining, EU set for deal on new leadership

    By Alastair Macdonald and Julia Fioretti, Reuters

    BRUSSELS (Reuters) - European Union leaders are set to end weeks of wrangling over top jobs in Brussels and agree on Saturday on who will fill key posts in EU institutions that face major challenges...

  • Italy's Renzi tries new reform plan as economy sinks

    Italy's Renzi tries new reform plan as economy sinks

    By Isla Binnie and Gavin Jones, Reuters

    ROME (Reuters) - Prime Minister Matteo Renzi on Friday presented a plan to quicken the pace of Italian justice and break down bureaucratic obstacles to investment as fresh data pointed to a further...

  • U.N. urges U.S. to stop police brutality after Missouri shooting

    U.N. urges U.S. to stop police brutality after Missouri shooting

    By Stephanie Nebehay, Reuters

    GENEVA (Reuters) - The U.N. racism watchdog urged the United States on Friday to halt the excessive use of force by police after the fatal shooting of an unarmed black teenager by a white policeman...

  • U.S. slaps more sanctions on Iranian banks, firms

    U.S. slaps more sanctions on Iranian banks, firms

    By Anna Yukhananov, Reuters

    WASHINGTON (Reuters) - The United States on Friday penalized a number of Iranian and other foreign companies, banks and airlines for violating sanctions against Tehran largely tied to its nuclear...