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...

  • Suspected Israeli revenge killing of Palestinian triggers clashes

    Suspected Israeli revenge killing of Palestinian triggers clashes

    By Noah Browning, Reuters

    JERUSALEM (Reuters) - The body of an abducted Palestinian youth was found in Jerusalem on Wednesday, raising suspicions he had been killed by Israelis avenging the deaths of three abducted Jewish...

  • Israel mourns teenagers, strikes Hamas in Gaza

    Israel mourns teenagers, strikes Hamas in Gaza

    By Ori Lewis, Reuters

    MODI'IN Israel (Reuters) - Tens of thousands of mourners joined in an outpouring of national grief on Tuesday at the burial of three Israeli teenagers whose kidnapping and killing Israel blamed on...

  • Israel bombs Gaza sites hours after bodies of Israeli teens found

    Israel bombs Gaza sites hours after bodies of Israeli teens found

    By Reuters

    GAZA (Reuters) - Israeli aircraft bombed dozens of sites in the Gaza Strip on Tuesday, the military said, and troops opened fire and killed a Palestinian during an arrest raid in the occupied West...

  • Sunnis, Kurds shun Iraq parliament

    Sunnis, Kurds shun Iraq parliament

    By Raheem Salman and Oliver Holmes, Reuters

    BAGHDAD (Reuters) - Sunnis and Kurds walked out of the first session of Iraq's new parliament on Tuesday after Shi'ites failed to name a prime minister to replace Nuri al-Maliki, dimming any prospect...

  • Japan takes historic step from post-war pacifism, OKs fighting for allies

    Japan takes historic step from post-war pacifism, OKs fighting for allies

    By Linda Sieg and Kiyoshi Takenaka, Reuters

    TOKYO (Reuters) - Japan took a historic step away from its post-war pacifism on Tuesday by ending a ban that has kept the military from fighting abroad since 1945, a victory for Prime Minister Shinzo...