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. official says unified with Japan on need for Russian sanctions

    U.S. official says unified with Japan on need for Russian sanctions

    By Reuters

    TOKYO (Reuters) - A senior U.S. Treasury official said on Wednesday that the U.S. and Japanese governments are completely unified that sanctions are needed on Russia to encourage it to stop taking...

  • Islamic State says beheads U.S. journalist, holds another

    Islamic State says beheads U.S. journalist, holds another

    By Reuters

    BAGHDAD/BEIRUT (Reuters) - Islamic State insurgents released a video on Tuesday purportedly showing the beheading of U.S. journalist James Foley, who had gone missing in Syria nearly two years ago,...

  • Japan's polarizing PM Abe learns the long game

    Japan's polarizing PM Abe learns the long game

    By Linda Sieg and Tetsushi Kajimoto and Yuko Yoshikawa, Reuters

    TOKYO (Reuters) - Shinzo Abe is one of Japans most polarizing prime ministers in decades. He may also have a good shot at becoming that rarity in Japanese politics a long-serving leader. Whether that...

  • Insight - Japan's polarising PM Abe learns the long game

    Insight - Japan's polarising PM Abe learns the long game

    By Linda Sieg and Tetsushi Kajimoto and Yuko Yoshikawa, Reuters

    TOKYO (Reuters) - Shinzo Abe is one of Japans most polarizing prime ministers in decades. He may also have a good shot at becoming that rarity in Japanese politics a long-serving leader. Whether that...

  • Liberia fights Ebola in capital, West Africa toll tops 1,200

    Liberia fights Ebola in capital, West Africa toll tops 1,200

    By Clair MacDougall and Stephanie Nebehay, Reuters

    MONROVIA/GENEVA (Reuters) - Liberia battled on Tuesday to halt the spread of the Ebola disease in its crowded, run-down oceanside capital Monrovia, recording the most new deaths as fatalities from...