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...

  • Gun battle flares as Israeli soldiers seek missing teens

    Gun battle flares as Israeli soldiers seek missing teens

    By Maayan Lubell, Reuters

    HEBRON West Bank (Reuters) - Israeli forces traded gunfire with Palestinians on Thursday, the military said, in the fiercest street battles in the occupied West Bank since a search began for three...

  • GE reshapes Alstom offer to appease France

    GE reshapes Alstom offer to appease France

    By Natalie Huet and Benjamin Mallet, Reuters

    PARIS (Reuters) - General Electric GE.N revised its bid for the power arm of Alstom ALSO.PA on Thursday, offering alliances in energy and rail to appease the French government and beat a rival...

  • Ukraine rebels speak of heavy losses in battle against government troops

    Ukraine rebels speak of heavy losses in battle against government troops

    By Aleksandar Vasovic, Reuters

    SIVERSK (Reuters) - Ukrainian troops and pro-Russian separatists were locked in fierce fighting in the east of Ukraine on Thursday and a rebel commander acknowledged big losses among separatists...

  • John Brooks heads in the winning goal

    The World Cup Could Be a Win for the U.S. Markets

    By Pradip Sigdyal, CNBC

    When it comes to the World Cup, Brazil has won the championship more than any other nation, and the host country is also the most-favored team to win this year, according to a global survey of 120...

  • Who Slipped Investors a Chill Pill?

    By Suzanne McGee, The Fiscal Times

    Can anything halt the seeming inexorable upward climb of the U.S. stock market? Valuation concerns have caused a few hiccups along the way, to be sure. Earlier this month, a string of new record...