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...

  • NATO websites hit in cyber attack linked to Crimea tension

    NATO websites hit in cyber attack linked to Crimea tension

    By Adrian Croft and Peter Apps, Reuters

    BRUSSELS/LONDON (Reuters) - Hackers brought down several public NATO websites, the alliance said on Sunday, in what appeared to be the latest escalation in cyberspace over growing tensions over...

  • Obama national security aides meet to discuss Ukraine

    Obama national security aides meet to discuss Ukraine

    By Steve Holland, Reuters

    WASHINGTON (Reuters) - President Barack Obama's national security team discussed the Ukraine crisis in a session at the White House on Saturday after a last-ditch bid to find a diplomatic solution to...

  • Crimeans set to vote in referendum to leave Ukraine for Russia

    Crimeans set to vote in referendum to leave Ukraine for Russia

    By Mike Collett-White and Aleksandar Vasovic, Reuters

    SIMFEROPOL, Ukraine (Reuters) - Crimeans decide on Sunday whether to break away from Ukraine and join Russia in a referendum that has infuriated Kiev and triggered the biggest crisis in East-West...

  • Venezuela's Maduro gives ultimatum to Caracas protesters

    Venezuela's Maduro gives ultimatum to Caracas protesters

    By Deisy Buitrago and Andrew Cawthorne, Reuters

    CARACAS (Reuters) - Venezuela's President Nicolas Maduro warned protesters in Caracas on Saturday to clear a square they have made their stronghold, or face eviction by security forces. Plaza...

  • Malaysian plane saga highlights air defense gaps

    By Peter Apps and Frank Jack Daniel, Reuters

    LONDON/NEW DELHI (Reuters) - Whatever truly happened to missing Malaysian Airlines flight MH370, its apparently unchallenged wanderings through Asian skies point to major gaps in regional - and...