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...

  • Insight: Release of Afghan prisoners exposes root of rift with U.S

    Insight: Release of Afghan prisoners exposes root of rift with U.S

    By Sayed Anwar Amani and Mirwais Harooni, Reuters

    KANDAHAR, Afghanistan (Reuters) - U.S. military commanders believe Sardar Mohammad is a dangerous Taliban bomb-maker who has attacked foreign and Afghan soldiers. In April last year, U.S. and Afghan...

  • GM waited on Ion recall despite awareness of fatal crashes

    GM waited on Ion recall despite awareness of fatal crashes

    By Ben Klayman and Richard Cowan and Paul Lienert, Reuters

    DETROIT/WASHINGTON (Reuters) - General Motors Co waited more than two weeks to expand a major recall to include the Saturn Ion and other compact cars, even though its engineers were aware of four...

  • White House tried to mediate dispute between Senate panel, CIA

    White House tried to mediate dispute between Senate panel, CIA

    By Mark Hosenball and Warren Strobel, Reuters

    WASHINGTON (Reuters) - The White House tried to mediate between the CIA and the Senate panel that oversees it after both sides alleged they were spied on by the other over a Bush-era interrogation...

  • Libyan PM flees country after tanker escapes rebel-held port

    Libyan PM flees country after tanker escapes rebel-held port

    By Ulf Laessing, Reuters

    TRIPOLI (Reuters) - Former Libyan Prime Minister Ali Zeidan sought refuge in Europe on Wednesday after parliament voted him out for failing to stop rebels independently exporting oil in a challenge...

  • Three more killed in Venezuela unrest, students battle troops

    Three more killed in Venezuela unrest, students battle troops

    By Andrew Cawthorne and Diego Ore, Reuters

    CARACAS (Reuters) - Protesters battled soldiers in the streets of Caracas again on Wednesday as three more fatal shootings raised to 25 the death toll from a month of demonstrations against Venezuela...