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...

  • Two New Signs the Economy Really Is Getting Better

    By Yuval Rosenberg

    Bill McBride at Calculated Risk points out a fresh indicator of just how far the economy has come from the depths of the Great Recession and the housing bust that left so many Americans underwater on...

  • A reverse popularity contest

    By James Saft, Reuters

    (Reuters) - As in high school, maybe investment boils down to that mysterious thing: popularity. Except in terms of putting money into stocks, it seems to be those eating lunch alone who do best in...

  • Thirsty Californians approve $7.5 billion water bond

    By Reuters

    It was the largest bond proposal before voters in the U.S. elections on Tuesday that decided the fate of nearly $44.7 billion in borrowing and other budget measures. Some 67 percent of Californians...

  • FILE PHOTO - Terry Lundgren speaks during an interview with CNBC on the floor of the New York Stock Exchange January 29, 2015. REUTERS/Brendan McDermid

    Dow, S&P 500 close at records after midterm vote

    By Yasmeen Abutaleb, Reuters

    NEW YORK (Reuters) - U.S. stocks rose on Wednesday, with both the S&P 500 and Dow advancing to records, after Republicans took control of the Senate, allaying fears of drawn-out runoffs and...

  • A picture illustration of Euro banknotes taken in central Bosnian town of Zenica, April 25, 2014. REUTERS/Dado Ruvic

    Dollar at multi-year highs after U.S. elections, focus on ECB

    By Daniel Bases and Hideyuki Sano and Ian Chua, Reuters

    NEW YORK (Reuters) - The dollar rose on Wednesday, extending multi-year highs after Republicans won control over both chambers of the U.S. Congress for the first time since 2006, lifting investor...