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...

  • Pakistan prime minister to attend inauguration of India's Modi

    Pakistan prime minister to attend inauguration of India's Modi

    By Sheree Sardar and Mehreen Zahra-Malik, Reuters

    ISLAMABAD (Reuters) - Pakistan's Prime Minister Nawaz Sharif has accepted an invitation to attend the inauguration of Indian Prime Minister-designate Narendra Modi, a first in the history of the...

  • U.S. may act to keep Chinese hackers out of Def Con hacker event

    U.S. may act to keep Chinese hackers out of Def Con hacker event

    By Andrea Shalal and Jim Finkle, Reuters

    DENVER/NEW YORK (Reuters) - Washington is considering using visa restrictions to prevent Chinese nationals from attending popular summer hacking conferences in Las Vegas as part of a broader effort...

  • Al Shabaab attacks Somali parliament, at least 10 dead

    Al Shabaab attacks Somali parliament, at least 10 dead

    By Feisal Omar and Abdirahman Hussein, Reuters

    MOGADISHU (Reuters) - Al Shabaab militants stormed Somalia's parliament on Saturday, killing at least 10 security officers in a bomb and gun assault that the United States condemned as a "heinous act...

  • Pope launches Holy Land visit with Syria peace appeal

    Pope launches Holy Land visit with Syria peace appeal

    By Philip Pullella and Suleiman Al-Khalidi, Reuters

    AMMAN (Reuters) - Pope Francis made an urgent appeal for an end to Syria's devastating civil war and an unscripted condemnation of the arms industry on Saturday at the start of his first trip to the...

  • Turkish PM's aide who kicked protester sacked: official

    Turkish PM's aide who kicked protester sacked: official

    By Orhan Coskun, Reuters

    ANKARA (Reuters) - An aide to Turkish Prime Minister Tayyip Erdogan who made front page news around the world after being filmed kicking a protester in the wake of Turkey's worst ever mining accident...