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...

  • Libyan official, patients killed as military plane crashes in Tunisia

    Libyan official, patients killed as military plane crashes in Tunisia

    By Reuters

    TUNIS (Reuters) - An Islamist official in Libya's government and 10 other passengers and crew were killed when a military plane carrying medical patients crashed near Tunisia's capital early on...

  • Iran boosts military support in Syria to bolster Assad

    Iran boosts military support in Syria to bolster Assad

    By Jonathan Saul and Parisa Hafezi, Reuters

    LONDON/ANKARA (Reuters) - As Syria's war nears the start of its fourth year, Iran has stepped up support on the ground for President Bashar al-Assad, providing elite teams to gather intelligence and...

  • Obama meets with Dalai Lama, upsetting China

    Obama meets with Dalai Lama, upsetting China

    By Roberta Rampton and Sui-Lee Wee, Reuters

    WASHINGTON/BEIJING (Reuters) - President Barack Obama held low-key talks with the Dalai Lama on Friday, prompting the Chinese government to ask why the White House ignored Beijing's warnings that the...

  • China urges Obama to cancel meeting with Dalai Lama

    China urges Obama to cancel meeting with Dalai Lama

    By Reuters

    BEIJING (Reuters) - China urged the United States on Friday to scrap plans for U.S. President Barack Obama to meet exiled Tibetan spiritual leader the Dalai Lama later in the day, warning that the...

  • U.S. leads pushback against emerging market angst at G20

    U.S. leads pushback against emerging market angst at G20

    By Wayne Cole, Reuters

    SYDNEY (Reuters) - The world's rich nations pushed back on Friday against emerging market complaints about the spillover effects of their monetary policies, saying they had to get their own houses in...