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...

  • U.S. condemns Ukraine referendum as 'contrived and bogus'

    By Reuters

    WASHINGTON (Reuters) - The United States flatly rejects efforts by pro-Russian forces to hold a "contrived and bogus" referendum in Eastern Ukraine, U.S. Secretary of State John Kerry said on Tuesday...

  • Europe stuck with Russian gas dependence, say G7 ministers

    By Stephen Jewkes and James Mackenzie, Reuters

    ROME (Reuters) - Europe will be saddled with its dependence on Russian gas for years, ministers from the Group of Seven industrial nations said on Tuesday, condemning the use of energy as a weapon of...

  • U.S. proposes immigration rules to help high-skilled workers

    U.S. proposes immigration rules to help high-skilled workers

    By Reuters

    WASHINGTON (Reuters) - Newly proposed rules for highly skilled immigrants to the United States, including a provision to allow their spouses to work, are aimed at making it easier to keep those...

  • Islamist attack kills 125 in northeast Nigeria

    Islamist attack kills 125 in northeast Nigeria

    By Lanre Ola, Reuters

    MAIDUGURI, Nigeria (Reuters) - The latest big Islamist attack in Nigeria has killed least 125 people, police said on Wednesday after gunmen rampaged through a town in the northeast, near the Cameroon...

  • Iran on agenda for White House aide talks in Israel

    Iran on agenda for White House aide talks in Israel

    By Mark Felsenthal, Reuters

    WASHINGTON (Reuters) - U.S. National Security Adviser Susan Rice will travel to Israel on Wednesday and Thursday for meetings with Israeli officials in which nuclear talks with Iran will be on the...