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...

  • Obama says North Korea poses threat to region and to U.S.

    Obama says North Korea poses threat to region and to U.S.

    By Reuters

    SEOUL (Reuters) - U.S. President Barack Obama said on Friday that reclusive North Korea posed a threat not just to the region but to the United States and that he hoped China would use its influence...

  • U.S. sanctions Putin allies as Ukraine violence goes on

    U.S. sanctions Putin allies as Ukraine violence goes on

    By Maria Tsvetkova and Thomas Grove, Reuters

    DONETSK/SLAVIANSK, Ukraine (Reuters) - The United States imposed new sanctions on allies of Russian President Vladimir Putin on Monday, prompting Moscow to denounce "Cold War" tactics amid more...

  • Germans wary of Merkel's tough line on Russia

    By Christopher Alessi and Monica Raymunt, Reuters

    BERLIN (Reuters) - In Berlin's immaculate Treptow Park, a towering statue of a Soviet soldier holding a German child on his arm and stamping on a Nazi swastika reminds Germans of the debt they owe...

  • 'Russia seeks World War Three: Ukraine PM

    By Pavel Polityuk and Alastair Macdonald, Reuters

    KIEV (Reuters) - Ukrainian Prime Minister Arseny Yatseniuk accused Russia on Friday of wanting to start World War Three by occupying Ukraine "militarily and politically". "The world has not yet...

  • Russia says Kiev will face justice for 'bloody crime' in Ukraine

    Russia says Kiev will face justice for 'bloody crime' in Ukraine

    By Gabriela Baczynska and Richard Balmforth, Reuters

    MOSCOW/KIEV (Reuters) - Russia warned Kiev on Friday that it would face justice for a "bloody crime" in eastern Ukraine, where Ukrainian forces killed up to five pro-Russian rebels a day earlier,...