Markets

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: A pharmacist holds prescription painkiller OxyContin at a local pharmacy in Provo

    Delaware Sues Opioid Manufacturers, Distributors Over Epidemic

    By Nate Raymond, Reuters

    (Reuters) - Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making,...

  • usFILE PHOTO: A bulldozer moves coal at the Murray Energy Corporation port facility in Powhatan Point, Ohio

    Trump's Coal Job Push Stumbles in Most States

    By Valerie Volcovici, Reuters

    WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...

  • FILE PHOTO - Treasury Secretary Steve Mnuchin listens as U.S. President Donald Trump hosts a tax reform industry meeting at the White House in Washington, U.S., October 31, 2017. REUTERS/Kevin Lamarque

    Trump Tries to Sell Tax Reform to Democrats

    By David Morgan, Reuters

    WASHINGTON (Reuters) - President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday even as Senate Republicans edged closer to passing a budget measure that...

  • FILE PHOTO: U.S. Homeland Security Secretary Jeh Johnson (L) listens to Representative Tom Marino (R-PA) (R) before a House Judiciary committee hearing on the 'Oversight of the US Department of Homeland Security' on Capitol Hill in Washington July 14, 20

    Trump's drug czar nominee withdraws from consideration

    By Sarah N. Lynch and Makini Brice, Reuters

    WASHINGTON (Reuters) - The U.S. lawmaker who was President Donald Trump's pick for drug czar withdrew on Tuesday after a report he spearheaded a bill that hurt the government's ability to crack down...

  • A waiter serves dessert to a table of men listening to Chinese millionaire Chen Guangbiao during a lunch he sponsored for hundreds of needy New Yorkers at Loeb Boathouse in New York's Central Park June 25, 2014. REUTERS/Lucas Jackson

    U.S. services sector activity grows, November rate slows: Markit

    By Reuters

    Financial data firm Markit said its "flash" services Purchasing Managers Index hit 56.3 in November, slightly below expectations and the lowest since April, compared with October's final reading of...

  • Pedestrians walk past an Aviva logo outside the company's head office in the city of London March 5, 2009. REUTERS/Stephen Hird

    Aviva falls on Friends Life merger plan doubts

    By Carolyn Cohn, Reuters

    LONDON (Reuters) - Shares in British insurer Aviva fell more than five percent on Monday reflecting uncertainty about the potential benefits of the company's 5.6 billion pound (8.79 billion US dollar...

  • A OPEC flag is seen during the presentation of OPEC's 2013 World Oil Outlook in Vienna , November 7, 2013. REUTERS/Leonhard Foeger

    UAE says OPEC will take 'appropriate decision': WAM

    By Claire Milhench, Reuters

    WAM said Suhail bin Mohammed al-Mazroui did not elaborate on the nature or kind of decision that members of the Organization of the Petroleum Exporting Countries will take when they meet in Vienna on...

  • A OPEC flag is seen during the presentation of OPEC's 2013 World Oil Outlook in Vienna , November 7, 2013. REUTERS/Leonhard Foeger

    Some fund managers see oil falling to $60 without OPEC cut

    By Claire Milhench, Reuters

    LONDON (Reuters) - Some commodity fund managers believe oil prices could slide to $60 per barrel if OPEC does not agree a significant output cut when it meets in Vienna this week. Brent crude futures...

  • A Sinopec logo is seen on top of a logo of Easy Joy store at a gas station in Beijing, September 16, 2011. REUTERS/Sean Yong

    China corruption watchdog launches inspections, eyes Sinopec

    By Reuters

    The inspectors, part of China's Central Commission for Discipline Inspection (CCDI), will focus on senior figures within Sinopec who may be promoted to leadership roles. The official Xinhua news...