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...

  • American-Israeli prisoner killed in jail battle with police

    American-Israeli prisoner killed in jail battle with police

    By Reuters

    JERUSALEM (Reuters) - Israeli police shot dead an American-Israeli prisoner on Sunday after he wounded three guards with a pistol at a jail near Tel Aviv, police said. Police spokesman Micky...

  • Seventeen dead in bombings and shootings in Iraq

    Seventeen dead in bombings and shootings in Iraq

    By Ghazwan Hassan and Kareem Raheem, Reuters

    TIKRIT, Iraq (Reuters) - At least 17 people were killed and dozens wounded in bombings and shootings in northern Iraq and Baghdad on Sunday, police and medical sources said. In the deadliest attack,...

  • In no one's interest for Ukraine to split apart: U.S.'s Rice

    In no one's interest for Ukraine to split apart: U.S.'s Rice

    By Will Dunham and Ros Krasny, Reuters

    WASHINGTON (Reuters) - It is not in the interest of Russia, Europe or the United States to see Ukraine split apart and it would be a "grave mistake" for Russia to send military forces into that...

  • Pakistan jets pound militant hideouts, killing 38

    By Jibran Ahmed, Reuters

    PESHAWAR, Pakistan (Reuters) - Pakistani fighter jets attacked suspected militant hideouts in tribal areas on the Afghan border on Sunday, killing at least 38 insurgents, officials said, in the third...

  • U.S. says 'grave mistake' for Russia to send forces into Ukraine

    U.S. says 'grave mistake' for Russia to send forces into Ukraine

    By Reuters

    WASHINGTON (Reuters) - U.S. President Barack Obama's national security adviser, Susan Rice, said on Sunday it would be a "grave mistake" for Russia to send military forces into Ukraine and that it is...