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...

  • Jury convicts bin Laden son-in-law on terrorism charges

    Jury convicts bin Laden son-in-law on terrorism charges

    By Joseph Ax, Reuters

    NEW YORK (Reuters) - Suleiman Abu Ghaith, a son-in-law of Osama bin Laden, was found guilty of terrorism-related charges on Wednesday following a three-week trial that offered unusually vivid details...

  • Obama tells EU to do more to cut reliance on Russian gas

    Obama tells EU to do more to cut reliance on Russian gas

    By Robin Emmott and Jan Strupczewski, Reuters

    BRUSSELS (Reuters) - U.S. President Barack Obama told the European Union on Wednesday it cannot rely on the United States alone to reduce its dependency on Russian energy, as relations with Moscow...

  • U.S., EU to work together on tougher Russia sanctions

    U.S., EU to work together on tougher Russia sanctions

    By Jeff Mason and Lidia Kelly, Reuters

    BRUSSELS/MOSCOW (Reuters) - The United States and the European Union agreed on Wednesday to work together to prepare possible tougher economic sanctions in response to Russia's behavior in Ukraine,...

  • Insight: Hungary to ignore critics with landslide for Orban

    Insight: Hungary to ignore critics with landslide for Orban

    By Gergely Szakacs and Christian Lowe, Reuters

    BATONYTERENYE, Hungary (Reuters) - Barring a major upset, Hungarians will enthusiastically re-elect Prime Minister Viktor Orban and his Fidesz party for another term in April. To outsiders who see an...

  • FAA tells Boeing to fix 747-8 software to avoid crash

    FAA tells Boeing to fix 747-8 software to avoid crash

    By Reuters

    WASHINGTON (Reuters) - The U.S. Federal Aviation Administration on Tuesday ordered an immediate fix to the latest version of Boeing Co's 747-8 plane, saying a software glitch could cause it to lose...