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...

  • Josh Nieves, 20, a music student from Fort Myers (L) and Tim Kehl, 19, a junior finance student from Tallahassee, kneel at the fountain in front of the library and pray at Florida State University, in Tallahassee, Florida, November 20, 2014. REUTERS/Bil C

    Gunman killed, three students shot in Florida university library

    By Bill Cotterell, Reuters

    TALLAHASSEE Fla. (Reuters) - A gunman wounded three Florida State University students, one critically, early Thursday when he opened fire in a library where hundreds of students were studying for...

  • Portuguese Air Force fighter F-16 (R) and Canadian Air Force fighter CF-18 Hornet patrol over Baltics air space, from the Zokniai air base near Siauliai November 20, 2014. REUTERS/Ints Kalnins

    NATO scrambles jets 400 times in 2014 as Russian air activity jumps

    By David Mardiste and Jonathan Saul, Reuters

    AMARI Estonia/LONDON (Reuters) - NATO warplanes have had to scramble 400 times this year in response to an increase in Russian air activity around Europe not seen since the Cold War, the alliance's...

  • A Best Buy store is pictured in Westminster, Colorado, in this file photo taken January 16, 2014. REUTERS/Rick Wilking/Files

    Best Buy profit beats estimates as costs fall

    By Nandita Bose and Ramkumar Iyer, Reuters

    (Reuters) - Best Buy Co Inc , the largest U.S. consumer electronics chain, reported a better-than-expected profit as cost cutting paid off and revenue increased after seven quarters of decline, even...

  • Full European QE unlikely in 2015, says UBS wealth arm

    By Sujata Rao, Reuters

    LONDON (Reuters) - A gradual pick-up in euro zone economic growth and inflation next year makes it likely the European Central Bank will not resort to a much-anticipated sovereign bond buying program...

  • Rick Rieder, Chief Investment Officer (CIO) of Fundamental Fixed Income at BlackRock Inc. speaks at the Reuters Global Investment Outlook Summit in New York, November 17, 2014. REUTERS/Mike Segar

    Investors overpaying for yield after years of low rates

    By Luciana Lopez and Jennifer Ablan, Reuters

    NEW YORK (Reuters) - Six years of interest rate suppression by the U.S. Federal Reserve has driven up prices for high-yielding assets and forced investors searching for income to overpay for...