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 billboard advertisement of Takata Corp is pictured in Tokyo September 17, 2014. REUTERS/Toru Hanai

    U.S. Senate hearing on Takata air bags likely next week: Sen. McCaskill

    By Maki Shiraki and Mari Saito, Reuters

    The Missouri Democrat also said she hopes a new nominee to lead the National Highway Traffic Safety Administration can be confirmed this year. (Reporting by Eric Beech; Editing by Bill Trott)

  • FILE PHOTO: The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district March 11, 2015. REUTERS/Brendan McDermid

    Activist hedge fund Marcato takes stake in BNY Mellon: filing

    By Svea Herbst-Bayliss and Tim McLaughlin, Reuters

    BOSTON (Reuters) - Hedge fund Marcato Capital Management has bought a 1.6 percent stake in the Bank of New York Mellon, becoming the second prominent activist investor in recent months to disclose a...

  • Senate Majority Leader Harry Reid (D-NV), speaks with a reporter before a closed conference meeting to conduct leadership elections for the next Congress on Capitol Hill in Washington November 13, 2014. REUTERS/Joshua Roberts

    Senate Democrats vote for Reid as minority leader

    By Reuters

    Republicans gain political control of the Senate next year following Democratic losses during the November congressional elections. (Reporting by Rick Cowan; Editing by Doina Chiacu)

  • A sign with the ticker symbol for TD Ameritrade is seen on the trading floor in the New York Stock Exchange, April 25, 2012 . REUTERS/Brendan McDermid

    TD Ameritrade weighs expansion into Asia

    By Jed Horowitz, Reuters

    NEW YORK (Reuters) - TD Ameritrade Holding Corp may expand into Asia if its surplus cash grows as much as it expects after U.S. interest rates start to rise, the head of the discount brokerage firm...

  • Legg Mason bond flows best since '07, helped by Bill Gross move

    By Ross Kerber, Reuters

    BOSTON (Reuters) - Legg Mason Inc said on Thursday the company's best month of bond inflows since 2007 was due partly to the departure of famed bond manager Bill Gross from Pimco in September. Chief...