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...

  • Uruguay agrees to U.S. request to take some Guantanamo inmates

    Uruguay agrees to U.S. request to take some Guantanamo inmates

    By Reuters

    MONTEVIDEO (Reuters) - Uruguay has agreed with the United States to accept some prisoners held in the much-criticized detention center at the U.S. military base of Guantanamo Bay, President Jose...

  • Large Objects Offer Promising Lead on Missing Jet

    By JANE WARDELL and Siva Govindasamy, Reuters

    Aircraft and ships ploughed through bad weather on Thursday in search of floating objects in remote seas off Australia that Malaysia's government called a "credible lead" in the trans-continental...

  • Syrian army retakes Crusader castle from rebels

    By Oliver Holmes, Reuters

    BEIRUT, Lebanon (Reuters) - Syrian soldiers have raised the national flag on the battlements of a 900-year-old Crusader castle after a three-month siege that ended on Thursday when rebel fighters...

  • Europe strikes deal to complete banking union

    Europe strikes deal to complete banking union

    By John O'Donnell and Tom Körkemeier, Reuters

    BRUSSELS (Reuters) - Europe took the final step to complete a banking union on Thursday with an agency to shut failing euro zone banks, but there will be no joint government back-up to pay the costs...

  • Obama hits closest Putin allies with sanctions over Crimea

    Obama hits closest Putin allies with sanctions over Crimea

    By Steve Holland and Maria Tsvetkova, Reuters

    WASHINGTON/MOSCOW (Reuters) - U.S. President Barack Obama raised the stakes in an East-West confrontation over Crimea on Thursday by targeting some of Russian President Vladimir Putin's closest long-...