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...

  • Japan's representative Akira Amari adjusts his translator's headphones during the Trans-Pacific Partnership meeting of trade representatives in Sydney

    U.S. top trade official optimistic on fast-track power

    By Reuters

    Congress has yet to consider a Trade Promotion Authority bill, introduced in January, that would prevent lawmakers from amending trade deals in exchange for setting negotiating objectives. Some...

  • Suvretta's Cowen says Actavis stock could nearly double

    By Svea Herbst-Bayliss, Reuters

    NEW YORK (Reuters) - After months of fending off a hostile bid, Allergan Inc Chief Executive David Pyott made the right call in selling to rival Actavis Plc , whose stock price could nearly double in...

  • People are reflected in a board showing market indices in Tokyo July 28, 2015. REUTERS/Thomas Peter

    Dollar, bond yields gain after Fed minutes

    By Herbert Lash, Reuters

    NEW YORK (Reuters) - The dollar hit a seven-year high against the yen on Wednesday and U.S. Treasury yields rose after minutes from the latest Federal Reserve meeting showed policy-makers remained...

  • Lower gas prices won't raise holiday spending: Reuters Poll

    By Jilian Mincer, Reuters

    (Reuters) - Almost two thirds of adults won't spend more this holiday season despite lower gas and fuel costs, a new Reuters/Ipsos poll shows, in a bad sign for retailers looking for an extra boost...

  • U.S. TIPS breakeven rates fall further after FOMC minutes

    By Reuters

    The record of the Oct. 28-29 meeting suggested many participants thought the Federal Open Market Committee should remain on guard for signs of a drop in long-term inflation expectations, but many on...