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...

  • Lawsuit kicks off class action claims against GM

    Lawsuit kicks off class action claims against GM

    By Jessica Dye, Reuters

    NEW YORK (Reuters) - General Motors was hit on Friday with what appeared to be the first lawsuit related to the recall of 1.6 million cars, as customers claimed their vehicles lost value because of...

  • Venezuela's foreign minister calls Kerry 'murderer'

    Venezuela's foreign minister calls Kerry 'murderer'

    By Andrew Cawthorne, Reuters

    CARACAS (Reuters) - Venezuela's foreign minister lambasted U.S. Secretary of State John Kerry on Friday as a "murderer" fomenting unrest that has killed 28 people in the South American OPEC member...

  • Rouhani has not stopped Iran suppressing human rights: U.N. envoy

    Rouhani has not stopped Iran suppressing human rights: U.N. envoy

    By Stephanie Nebehay, Reuters

    GENEVA (Reuters) - President Hassan Rouhani has made only "baby steps" to improve human rights in Iran where forces loyal to the supreme leader are "working to suppress the rights of people," a...

  • Syria agrees greater access for aid supplies: UNICEF

    Syria agrees greater access for aid supplies: UNICEF

    By Dominic Evans, Reuters

    ZAHLE, Lebanon (Reuters) - Syria's government has promised greater access for aid groups supporting millions of Syrians, but faster progress is needed to tackle a dire humanitarian crisis, the head...

  • France says EU shirking duty to Central African Republic

    France says EU shirking duty to Central African Republic

    By Reuters

    PARIS (Reuters) - France said on Friday the European Union was shirking its responsibilities for international security after an EU plan to send up to 1,000 troops to Central African Republic next...