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...

  • With 2015 budget, Pentagon looks beyond Afghanistan

    With 2015 budget, Pentagon looks beyond Afghanistan

    By David Alexander and Andrea Shalal, Reuters

    WASHINGTON (Reuters) - The Pentagon unveiled a $496 billion base budget on Tuesday that looks beyond Afghanistan to future U.S. security challenges after a dozen years of war, cutting the military to...

  • China signals focus on reforms and leaner, cleaner growth

    China signals focus on reforms and leaner, cleaner growth

    By Kevin Yao and Xiaoyi Shao, Reuters

    BEIJING (Reuters) - China sent its strongest signal yet that its days of chasing breakneck economic growth were over, promising to wage a "war" on pollution and reduce the pace of investment to a...

  • Amid protests, Venezuela to remember late Hugo Chavez

    Amid protests, Venezuela to remember late Hugo Chavez

    By Andrew Cawthorne and Girish Gupta, Reuters

    CARACAS (Reuters) - Venezuela geared up on Tuesday for commemorations of socialist leader Hugo Chavez's death despite continued protests against his successor that have shaken the OPEC member and...

  • Turkish PM says rival will 'pay price' as new recordings emerge

    Turkish PM says rival will 'pay price' as new recordings emerge

    By Humeyra Pamuk, Reuters

    KIRIKKALE, Turkey (Reuters) - Prime Minister Tayyip Erdogan on Tuesday berated an Islamic cleric he accuses of plotting to wreck his government, as more voice recordings apparently intended to...

  • Netanyahu warns on Iran, no concessions for Palestinians

    Netanyahu warns on Iran, no concessions for Palestinians

    By Jeffrey Heller and Matt Spetalnick, Reuters

    WASHINGTON (Reuters) - Israeli Prime Minister Benjamin Netanyahu warned the United States and other world powers on Tuesday not to allow Iran to retain the ability to enrich uranium, and urged...