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...

  • Cyprus faces fresh bailout uncertainty after privatization vote

    Cyprus faces fresh bailout uncertainty after privatization vote

    By Michele Kambas, Reuters

    NICOSIA (Reuters) - Cyprus re-submitted a controversial privatization law to parliament on Friday in a last-ditch attempt to win support from fractious lawmakers threatening to derail its...

  • Russian court puts Putin foe under house arrest

    Russian court puts Putin foe under house arrest

    By Ian Bateson, Reuters

    MOSCOW (Reuters) - A Russian court placed opposition leader Alexei Navalny under house arrest for at least two months on Friday and barred him from using the Internet or speaking to the media. The...

  • Main Israel lobby seeks to regain footing as Netanyahu visits U.S

    Main Israel lobby seeks to regain footing as Netanyahu visits U.S

    By Matt Spetalnick and Jeffrey Heller, Reuters

    WASHINGTON/JERUSALEM (Reuters) - For years, Israeli leaders visiting Washington have been boosted by America's main pro-Israel lobby, its influence on U.S. Middle East policy long accepted as a...

  • Panama Canal, consortium reach preliminary deal to finish work

    Panama Canal, consortium reach preliminary deal to finish work

    By Lomi Kriel, Reuters

    PANAMA CITY (Reuters) - The Panama Canal and a Spanish-led consortium expanding the major maritime artery have reached a preliminary deal to complete work on a project stymied in a row over $1.6...

  • Bangkok boating park becomes focus of Thai protests

    Bangkok boating park becomes focus of Thai protests

    By Nick Macfie and Khettiya Jittapong, Reuters

    BANGKOK (Reuters) - A green oasis in downtown Bangkok was slowly beginning to resemble a tent city on Saturday, a day after anti-government protesters said they would clear camps blocking key...