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...

  • Ukraine accuses ex-president over sniper deaths

    Ukraine accuses ex-president over sniper deaths

    By Pavel Polityuk and Alessandra Prentice, Reuters

    KIEV (Reuters) - Ukraine's prime minister on Thursday blamed ousted President Viktor Yanukovich for the deaths of dozens of anti-government protesters shot by police snipers and urged Russia to hand...

  • Obama's NSA overhaul may require phone carriers to store more data

    Obama's NSA overhaul may require phone carriers to store more data

    By Mark Hosenball and Alina Selyukh, Reuters

    WASHINGTON (Reuters) - President Barack Obama's plan for overhauling the National Security Agency's phone surveillance program could force carriers to collect and store customer data that they are...

  • Obama says 'heartbroken' over Fort Hood shooting

    Obama says 'heartbroken' over Fort Hood shooting

    By Reuters

    CHICAGO (Reuters) - U.S. President Barack Obama said on Wednesday he was "heartbroken" that another shooting had occurred at the Fort Hood Army base in Texas and described the situation there as...

  • 'Verbal altercation' may have led to Fort Hood rampage: Army

    'Verbal altercation' may have led to Fort Hood rampage: Army

    By Lisa Maria Garza and Eileen O'Grady, Reuters

    FORT HOOD, Texas (Reuters) - The suspected gunman at Fort Hood in Texas argued heatedly with fellow soldiers before going on a shooting spree that left three dead and 16 injured at the expansive U.S...

  • Amazon’s $99 Fire TV Will Compete With Apple TV

    By Jennifer Saba and LIANA BAKER, Reuters

    Amazon.com Inc unveiled a $99 video streaming device called Fire TV that the e-commerce company promised would be more powerful and easier to use than rival services by Apple Inc, Google Inc and Roku...