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...

  • Islamist militants kill 31 more in northeast Nigeria

    By Lanre Ola, Reuters

    MAIDUGURI, Nigeria (Reuters) - Islamist insurgents have killed at least 31 people in a village in northeast Nigeria, a lawmaker said on Monday, taking the death toll from three days of attacks to 116...

  • Bahrain blast kills three policemen: Interior Ministry

    Bahrain blast kills three policemen: Interior Ministry

    By Farishta Saeed, Reuters

    MANAMA (Reuters) - Three policemen were killed by a remotely detonated bomb in Bahrain on Monday during a protest in a village west of the capital Manama, the Interior Ministry said, in one of the...

  • Jailed opposition leader calls for more Venezuela protests

    Jailed opposition leader calls for more Venezuela protests

    By Brian Ellsworth, Reuters

    CARACAS (Reuters) - Jailed Venezuelan opposition leader Leopoldo Lopez urged sympathizers on Monday to maintain street protests against President Nicolas Maduro as the country's foreign minister...

  • At White House, Israel's Netanyahu pushes back against Obama diplomacy

    At White House, Israel's Netanyahu pushes back against Obama diplomacy

    By Jeffrey Heller and Matt Spetalnick, Reuters

    WASHINGTON (Reuters) - Prime Minister Benjamin Netanyahu bluntly told Barack Obama on Monday that he would never compromise on Israel's security even as the U.S. president sought to reassure him on...

  • China train station attack risks driving ethnic wedge deeper

    China train station attack risks driving ethnic wedge deeper

    By James Pomfret and Michael Martina, Reuters

    KUNMING/BEIJING (Reuters) - Police swept a Muslim Uighur district of the Chinese city of Kunming hours after knife-wielding assailants killed 29 people in a crowded station, underscoring the risk of...