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...

  • Instant View: Fed revamps rates guidance, trims bond buys further

    By Reuters

    NEW YORK (Reuters) - The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy's strength, and made clear it would rely on a wide range...

  • Two army officers, teenager killed in violence in Egypt

    Two army officers, teenager killed in violence in Egypt

    By Michael Georgy and Yasmine Saleh, Reuters

    CAIRO (Reuters) - Ten people were killed in violence across Egypt on Wednesday, months ahead of a presidential vote meant to put Egypt back on a democratic path after last July's army takeover. In...

  • Toyota's $1.2 billion settlement may be model for U.S. probe into GM

    Toyota's $1.2 billion settlement may be model for U.S. probe into GM

    By Aruna Viswanatha and David Ingram and Ben Klayman, Reuters

    WASHINGTON/DETROIT (Reuters) - Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe into safety issues, in a deal that could serve as a template for how U.S. authorities...

  • Russian forces seize two Ukrainian bases in Crimea

    Russian forces seize two Ukrainian bases in Crimea

    By Aleksandar Vasovic and Maria Kiselyova, Reuters

    SEVASTOPOL, Ukraine/MOSCOW (Reuters) - The United States warned Moscow it was on a "dark path" to isolation on Wednesday as Russian troops seized two Ukrainian naval bases, including a headquarters...

  • Russian forces storm Ukraine naval HQ in Crimea

    Russian forces storm Ukraine naval HQ in Crimea

    By Aleksandar Vasovic and Gabriela Baczynska, Reuters

    SEVASTOPOL/SIMFEROPOL, Ukraine (Reuters) - Russian troops and unarmed men stormed Ukraine's naval headquarters in the Crimean port of Sevastopol on Wednesday and raised the Russian flag in a tense...