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...

  • Venezuela foreign minister to meet Ban Ki-moon in Geneva

    Venezuela foreign minister to meet Ban Ki-moon in Geneva

    By Daniel Wallis and Girish Gupta, Reuters

    CARACAS (Reuters) - Venezuela said on Saturday its foreign minister will meet United Nations Secretary General Ban Ki-moon in Geneva on Tuesday amid growing international calls for dialogue between...

  • Bomb kills at least 10 in northeast Nigerian city: witnesses

    By Lanre Ola, Reuters

    MAIDUGURI, Nigeria (Reuters) - At least 10 people were killed on Saturday when a bomb exploded in the northeast Nigerian city of Maiduguri, witnesses said, in a region where the Islamist sect Boko...

  • Britain says Russian moves 'potentially grave threat' to Ukraine

    By Reuters

    LONDON (Reuters) - British Foreign Secretary William Hague said on Saturday that Russian action was a "potentially grave threat" to Ukraine's sovereignty, independence and territorial integrity...

  • Witnesses recall fear, chaos after China train station attack

    Witnesses recall fear, chaos after China train station attack

    By Maxim Duncan and James Pomfret, Reuters

    KUNMING, China (Reuters) - Witnesses to chilling violence at a Chinese train station placed under heavy security on Sunday recalled moments of fear and chaos after at least 29 people were killed in...

  • Iraq death toll exceeds 700 in February: U.N.

    Iraq death toll exceeds 700 in February: U.N.

    By Ned Parker, Reuters

    BAGHDAD (Reuters) - More than 700 people died in violence in Iraq in February, not including nearly 300 reported deaths in western Anbar province, where security forces have been battling Sunni...