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...

  • Vietnam boat capsized after harassing Chinese ship: Xinhua

    By Reuters

    BEIJING (Reuters) - A Vietnamese fishing vessel capsized in disputed waters in the South China Sea on Monday after "harassing and colliding" with a Chinese fishing boat, the official Xinhua news...

  • Eastern Libya oil rebel rejects new government

    Eastern Libya oil rebel rejects new government

    By Ulf Laessing and Ahmed Elumami, Reuters

    TRIPOLI (Reuters) - The leader of the protesters occupying Libyan oil ports said on Monday he did not recognize Prime Minister Ahmed Maiteeq's new government and suggested a previously agreed deal to...

  • With nod to veterans' scandal, Obama pays Memorial Day tribute

    With nod to veterans' scandal, Obama pays Memorial Day tribute

    By Jeff Mason, Reuters

    WASHINGTON (Reuters) - President Barack Obama paid tribute on Monday to fallen U.S. military men and women during a Memorial Day ceremony at Arlington National Cemetery that highlighted a veterans'...

  • Experts split on Jewish Museum killer: lone wolf or hitman?

    Experts split on Jewish Museum killer: lone wolf or hitman?

    By Robert-Jan Bartunek, Reuters

    BRUSSELS (Reuters) - The shooting of three people at Brussels' Jewish Museum was probably a "terrorist attack", Belgian officials said on Monday, though some security experts suggested it may have...

  • Greek radical leftists' win complicates reform program

    Greek radical leftists' win complicates reform program

    By Karolina Tagaris and Deepa Babington, Reuters

    ATHENS (Reuters) - Greece's ruling coalition will find it harder to push through unpopular reforms demanded under an EU/IMF bailout after a clear EU election victory by the radical leftist Syriza...