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...

  • Four Ways NATO Could Affect the Ukraine Crisis

    By John Deni, Defense One

    In just under two months, NATO heads of state will gather in Wales for their next summit meeting, which comes at a critical time for European security given Russia’s annexation of Crimea. It wasn’t...

  • Taiwan launches inquiry into plane crash that killed 48

    Taiwan launches inquiry into plane crash that killed 48

    By Faith Hung, Reuters

    TAIPEI (Reuters) - Taiwan authorities launched an investigation on Thursday into the crash of a TransAsia Airways turboprop plane in which 48 people were killed with the weather expected to be a...

  • Tanker charge tarnishes Boeing's second-quarter profit

    Tanker charge tarnishes Boeing's second-quarter profit

    By Sweta Singh, Reuters

    (Reuters) - Boeing Co reported a 52 percent jump in quarterly profit, helped by higher commercial plane deliveries and one-time tax gains, but investors were spooked by rising costs in its military...

  • South Korea ferry fugitive hid behind cabin wall, bags of cash at hand

    South Korea ferry fugitive hid behind cabin wall, bags of cash at hand

    By Ju-min Park and Sohee Kim, Reuters

    SUNCHEON/INCHEON South Korea (Reuters) - South Korea's most wanted man, whose heavily decomposed body was found in an orchard last month, had evaded arrest by hiding behind an upstairs wall of a...

  • Islamic State says carried out Baghdad suicide bombing

    Islamic State says carried out Baghdad suicide bombing

    By Reuters

    BAGHDAD (Reuters) - Islamic State militants claimed responsibility on Wednesday for an overnight suicide bombing in a Shi'ite district of Baghdad which killed 33 people, one of the deadliest recent...