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...

  • Thai protesters test military's resolve

    Thai protesters test military's resolve

    By Khettiya Jittapong and Paul Mooney, Reuters

    BANGKOK (Reuters) - Thailand's military tightened its grip on power on Sunday as it moved to quell growing protests, saying anyone violating its orders would be tried in military court. It also took...

  • Euroskeptic election surge gives EU a headache

    Euroskeptic election surge gives EU a headache

    By Paul Taylor and Robin Emmott, Reuters

    BRUSSELS (Reuters) - Stunning victories in European Parliament elections by nationalist, Euroskeptic parties from France and Britain left the European Union licking its wounds on Monday and facing a...

  • Nigeria's Boko Haram kills 28 in three village attacks

    By Lanre Ola and Joe Penney, Reuters

    MAIDUGURI, Nigeria (Reuters) - Suspected Islamist Boko Haram gunmen rampaged through three villages in northern Nigeria, killing 28 people and burning houses to the ground in a pattern of violence...

  • Police hunt Brussels Jewish Museum shooter, France tightens security

    Police hunt Brussels Jewish Museum shooter, France tightens security

    By Reuters

    BRUSSELS (Reuters) - Belgian police were hunting on Sunday for an assailant who shot dead three people at the Jewish Museum in Brussels, and French authorities tightened security at Jewish sites...

  • Iran says U.N. report proves its nuclear intentions are peaceful

    Iran says U.N. report proves its nuclear intentions are peaceful

    By Reuters

    DUBAI (Reuters) - Iran on Saturday said the latest U.N. report on its nuclear activities, which calculated it had slashed its nuclear stockpile by around 80 percent, proved its atomic program was...