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...

  • Iran says it foiled sabotage attempt on Arak reactor

    Iran says it foiled sabotage attempt on Arak reactor

    By Reuters

    DUBAI (Reuters) - Pumps at Iran's planned Arak reactor, seen by the West as a potential source of plutonium for nuclear bombs, were tampered with in a failed attempt to sabotage the country's nuclear...

  • Venezuela unrest toll rises as soldier is shot in head

    Venezuela unrest toll rises as soldier is shot in head

    By Daniel Wallis and Diego Ore, Reuters

    CARACAS (Reuters) - A Venezuela National Guard captain died on Monday after being shot in the head during a demonstration, the military said, the 29th fatality in six weeks of clashes between...

  • Planning could hold key to disappearance of Flight MH370

    Planning could hold key to disappearance of Flight MH370

    By Siva Govindasamy and Tim Hepher, Reuters

    KUALA LUMPUR (Reuters) - Whoever reached across the dimly lit cockpit of a Malaysia Airlines jet and clicked off a transponder to make Flight MH370 vanish from controllers' radars flew the plane into...

  • Cheers and criticism mark Abbas's visit to Washington

    Cheers and criticism mark Abbas's visit to Washington

    By Ali Sawafta, Reuters

    RAMALLAH, West Bank (Reuters) - Thousands of Palestinians took to the streets on Monday to show their support for President Mahmoud Abbas, who is under heavy pressure as he prepares to meet U.S...

  • Rockets in Bekaa as Lebanon struggles to contain Syria spillover

    Rockets in Bekaa as Lebanon struggles to contain Syria spillover

    By Alexander Dziadosz, Reuters

    AL-LABWA, Lebanon (Reuters) - Two rockets struck a mainly Shi'ite town near Lebanon's border with Syria on Monday and security forces blew up a suspected car bomb as they struggled to contain...