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...

  • Fed debates merits of earlier rate hike given U.S. jobs gains

    Fed debates merits of earlier rate hike given U.S. jobs gains

    By Jason Lange, Reuters

    WASHINGTON (Reuters) - The U.S. Federal Reserve hinted on Wednesday that a surprisingly strong jobs market recovery could lead it to raise interest rates earlier than it had been anticipating. At the...

  • Argentina bonds, peso reel on country's debt swap plan

    Argentina bonds, peso reel on country's debt swap plan

    By Hugh Bronstein and Alejandro Lifschitz, Reuters

    BUENOS AIRES (Reuters) - Argentina's new plan to skirt U.S. courts and resume payment on defaulted bonds aims to protect creditors who participated in two debt restructurings, the economy minister...

  • Dozens die in Ukraine in street battles, Donetsk shelling

    Dozens die in Ukraine in street battles, Donetsk shelling

    By Richard Balmforth and Thomas Grove, Reuters

    KIEV/DONETSK Ukraine (Reuters) - Heavy shelling hit residential neighborhoods in Ukraine's rebel stronghold of Donetsk and government forces fought street battles in other towns on Wednesday as they...

  • Afghanistan gives NYT reporter 24 hours to leave country

    Afghanistan gives NYT reporter 24 hours to leave country

    By Jessica Donati and Hamid Shalizi, Reuters

    KABUL (Reuters) - Afghanistan has given a New York Times reporter 24 hours to leave the country, accusing him of not cooperating with an investigation into his reporting, the Attorney General's...

  • U.S. suspects in Bali suitcase murder on suicide watch - police

    U.S. suspects in Bali suitcase murder on suicide watch - police

    By Reuters

    DENPASAR Indonesia (Reuters) - A pregnant U.S. teenager and her boyfriend were on suicide watch on the Indonesian resort island of Bali on Wednesday, police said, after being held as suspects in the...