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 government supporters fear July poll disruption

    Thai government supporters fear July poll disruption

    By Amy Sawitta Lefevre, Reuters

    BANGKOK (Reuters) - Thai government supporters welcomed on Thursday the prospect of a July election and said the Election Commission had to prevent disruption by anti-government protesters who insist...

  • Ukraine detains Russian military attach for spying

    By Matt Robinson, Reuters

    KIEV (Reuters) - Ukraine detained Russia's military attaché to Kiev on suspicion of spying and ordered the diplomat to leave the country, reports said on Thursday, as the former Soviet republic...

  • IMF approves $17 billion bailout for Ukraine amid big risks

    IMF approves $17 billion bailout for Ukraine amid big risks

    By Anna Yukhananov, Reuters

    WASHINGTON (Reuters) - The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the former Soviet republic's economy recover after...

  • IMF approves $17 billion bailout for Ukraine amid risks

    By Anna Yukhananov, Reuters

    WASHINGTON (Reuters) - The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the former Soviet republic's economy recover after...

  • London cleric wanted jihadists to train in Oregon, U.S. jury told

    London cleric wanted jihadists to train in Oregon, U.S. jury told

    By Joseph Ax, Reuters

    NEW YORK (Reuters) - James Ujaama thought he had found the perfect place to set up a jihadist training camp: a quiet ranch situated in a rural section of Oregon. "The land that we spoke of is about...