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...

  • Ukraine separatists down army helicopter, 14 killed

    Ukraine separatists down army helicopter, 14 killed

    By Sabina Zawadzki and Gabriela Baczynska, Reuters

    DONETSK Ukraine (Reuters) - Pro-Russian separatists shot down a Ukrainian army helicopter on Thursday, killing 14 soldiers including a general, as government forces pressed ahead with an offensive to...

  • Ukraine's empty seat at table darkens party for Putin's new ex-Soviet bloc

    Ukraine's empty seat at table darkens party for Putin's new ex-Soviet bloc

    By Raushan Nurshayeva and Alexei Anishchuk, Reuters

    ASTANA (Reuters) - Russian President Vladimir Putin welcomed Kazakhstan and Belarus on Thursday into a new Eurasian Economic Union built to rival the United States, EU and China - but the absence of...

  • Election rout could weaken Hollande's reform drive, tilt growth debate

    Election rout could weaken Hollande's reform drive, tilt growth debate

    By Ingrid Melander and Jean-Baptiste Vey, Reuters

    PARIS (Reuters) - Sunday's European election rout will make it even harder for Francois Hollande to reform the French economy but his weakness at home could prove to be a bargaining chip in building...

  • As Asia frets over China, warmer welcome likely for Japan PM's push

    As Asia frets over China, warmer welcome likely for Japan PM's push

    By Rachel Armstrong and Linda Sieg, Reuters

    SINGAPORE/TOKYO (Reuters) - Prime Minister Shinzo Abe's message of a bigger global security role for Japan when he speaks at a regional forum this week is likely to find a receptive audience as...

  • Obama Outlines $5 Billion Counter-Terror Initiative

    By David Nakamura and WILLIAM BRANIGIN, The Washington Post

    WEST POINT, N.Y. — President Obama on Wednesday laid out a new, post-9/11 foreign policy after more than a decade of war overseas, outlining a global counterterrorism initiative and arguing for a...