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...

  • Palestinian unity government will recognize Israel: Abbas

    Palestinian unity government will recognize Israel: Abbas

    By Noah Browning, Reuters

    RAMALLAH, West Bank (Reuters) - Palestinian President Mahmoud Abbas signaled on Saturday that he remains committed to troubled U.S.-backed peace talks, saying that any unity government agreed with...

  • Berlusconi says Germans deny concentration camps existed

    Berlusconi says Germans deny concentration camps existed

    By Reuters

    ROME (Reuters) - Former Italian Prime Minister Silvio Berlusconi, about to begin a sentence for tax fraud, provoked fresh outrage from his political opponents on Saturday by suggesting that Germany...

  • Afghan election set for Abdullah-Ghani run-off

    Afghan election set for Abdullah-Ghani run-off

    By Jeremy Laurence and Mirwais Harooni, Reuters

    KABUL (Reuters) - The Afghanistan election is set to go to a second round run-off between former foreign minister Abdullah Abdullah and ex-World Bank economist Ashraf Ghani after none of the...

  • Five dead in British military helicopter crash in Afghanistan

    By Reuters

    KABUL (Reuters) - Five service members were killed when a British helicopter crashed in southern Afghanistan on Saturday, the NATO-led coalition forces and the British Ministry of Defense said. An...

  • Homeland Security struggles to tempt, retain cyber talent

    Homeland Security struggles to tempt, retain cyber talent

    By Doina Chiacu, Reuters

    WASHINGTON (Reuters) - In the race to attract cybersecurity experts to protect the government's computer networks, the Department of Homeland Security has a handicap money can't fix. Navigating the...