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...

  • Mass strike paralyses Libya's Benghazi, airport closed

    By Reuters

    BENGHAZI, Libya (Reuters) - Public and private sector staff including oil workers went on strike in the Libyan port city of Benghazi on Sunday, protesting against worsening security and demanding the...

  • French government faces growing unrest from party ranks

    French government faces growing unrest from party ranks

    By Reuters

    PARIS (Reuters) - France's newly reshuffled Socialist government faces growing unrest from within its own party and from former coalition allies the Greens ahead of a confidence vote on Tuesday which...

  • Ridding Ukraine of corruption is vital, says presidential candidate

    Ridding Ukraine of corruption is vital, says presidential candidate

    By Paul Ingrassia and Richard Balmforth, Reuters

    KIEV (Reuters) - Ridding Ukraine of corruption is key for any new leadership, says presidential candidate Petro Poroshenko, who warns that failure will anger a "reborn" people with high expectations...

  • U.S. presses on with Mideast talks rescue attempt

    U.S. presses on with Mideast talks rescue attempt

    By Jeffrey Heller, Reuters

    JERUSALEM (Reuters) - U.S. efforts to save Middle East peace talks from collapse showed little sign of progress on Monday amid threats from Israel to retaliate for what it saw as unilateral...

  • U.S. investors look for quick rebound from winter doldrums

    U.S. investors look for quick rebound from winter doldrums

    By Caroline Valetkevitch, Reuters

    NEW YORK (Reuters) - Companies across America are blaming the brutal winter for weak first-quarter results, but investors are expecting a quick rebound in the second quarter and will likely judge...