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...

  • As Obama's vacation ends, criticism does not

    As Obama's vacation ends, criticism does not

    By Steve Holland and Roberta Rampton, Reuters

    EDGARTOWN Mass./WASHINGTON (Reuters) - As Barack Obama discovered over the past two weeks, presidents can run into trouble when their playtime is perceived as detached from the concerns of Americans...

  • British Ebola victim flown home as Congo finds new outbreak

    British Ebola victim flown home as Congo finds new outbreak

    By Josephus Olu-Mammah and Kylie MacLellan, Reuters

    FREETOWN/LONDON (Reuters) - A British medical worker was flown home from West Africa on Sunday after becoming the first Briton infected in an Ebola epidemic, and a separate new outbreak of the...

  • China rejects U.S. criticism over jet encounter

    China rejects U.S. criticism over jet encounter

    By Reuters

    BEIJING (Reuters) - China on Saturday called US criticism of an approach by one of its jets to a US Navy patrol plane off the Chinese coast earlier this week "completely groundless" and said its...

  • Over a hundred migrants missing after boat sinks off Libyan coast

    By Ahmed Elumami and Ayman al-Salhi, Reuters

    TRIPOLI (Reuters) - A wooden boat carrying up to 200 migrants has sunk just one kilometer (half a mile) off the Libyan coast, the coast guard said on Saturday, and most passengers were feared drowned...

  • Tens of thousands of Yemeni Houthis protest against govt in capital

    Tens of thousands of Yemeni Houthis protest against govt in capital

    By Mohammed Ghobari, Reuters

    SANAA (Reuters) - Tens of thousands of Yemenis massed in the capital Sanaa on Friday in a protest called by the Shi'ite Houthi movement, which wants the government to reverse a decision on cutting...