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...

  • Separatists attack rally in eastern Ukrainian city

    By Maria Tsvetkova, Reuters

    DONETSK, Ukraine (Reuters) - Pro-Russian separatists armed with baseball bats attacked a rally in support of Ukrainian unity in the separatist-held city of Donetsk on Monday, amid rising tension and...

  • Obama hails security pact with Philippines, says no threat to China

    Obama hails security pact with Philippines, says no threat to China

    By Rosemarie Francisco and Mark Felsenthal, Reuters

    MANILA (Reuters) - President Barack Obama said a new military pact signed with the Philippines on Monday granting a larger presence for U.S. forces would bolster the Southeast Asian country's...

  • Assad seeks re-election as Syrian civil war rages

    Assad seeks re-election as Syrian civil war rages

    By Dominic Evans, Reuters

    BEIRUT (Reuters) - Syrian President Bashar al-Assad declared on Monday he would seek re-election in June, defying calls from his opponents to step aside and allow a political solution to the country'...

  • Obama: U.S. to unveil new sanctions on Russia on Monday

    By Matt Spetalnick and Mark Felsenthal, Reuters

    MANILA (Reuters) - President Barack Obama said the United States will on Monday impose new sanctions on Russia targeting individuals and companies over the crisis in Ukraine, a move expected to be...

  • Egyptian court sentences top Muslim Brotherhood leader to death

    Egyptian court sentences top Muslim Brotherhood leader to death

    By Yasmine Saleh, Reuters

    MINYA, Egypt (Reuters) - An Egyptian court sentenced the leader of the outlawed Muslim Brotherhood and 682 supporters to death on Monday, intensifying a crackdown on the movement that could trigger...