Markets

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...
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,...
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...
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...
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...

Senate Republicans Gain Crucial Support for Budget Vital to Tax Reform

By David Morgan, Reuters

WASHINGTON (Reuters) - U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump's hopes of signing sweeping tax reform...
U.S. consumer finance agency expected to punish Equifax: lawyers

By Reuters and Patrick Rucker

By Lisa Lambert and Patrick Rucker WASHINGTON (Reuters) - The U.S. consumer finance watchdog agency is expected to punish Equifax for its cyber breach with the wide-ranging powers it has used with...
U.S. incomes, poverty rate bounce back to pre-recession levels in 2016

By Reuters

By Susan Heavey WASHINGTON (Reuters) - The U.S. poverty rate fell for the second straight year in 2016 while median income rose to an all-time high of $59,000 as the economy made up ground lost...
No Talk of Ousting Speaker Ryan, Key Conservative Says

By Reuters

Many Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...
Congress sends Trump disaster aid, debt limit increase

By Richard Cowan and Amanda Becker, Reuters

WASHINGTON (Reuters) - The U.S. House of Representatives approved a bill to provide disaster aid, extend the debt ceiling and fund the federal government for three months on Friday, delivering on...

U.S. October auto sales best in several years, GM misses

By Bernie Woodall and Ben Klayman, Reuters

DETROIT (Reuters) - Automakers reported their strongest U.S. October sales in years on Monday, but top-seller General Motors Co missed expectations. Monthly U.S. sales of the six largest automakers...
Sapient options unusually active days before deal news

By Leila Abboud and Saqib Iqbal Ahmed, Reuters

NEW YORK (Reuters) - An unusually large number of bullish bets were placed on the options of Sapient Corp. just three days before the digital ad specialist announced plans to be acquired for $3.7...
RCS Capital terminates agreement to acquire Cole Capital

By Jed Horowitz, Reuters

NEW YORK (Reuters) - RCS Capital Corp, the independent retail brokerage empire amassed by real estate investment trust magnate Nicholas Schorsch, withdrew its plan on Monday to buy Cole Capital from...
Fisher applauds Fed's reluctance to react to market

By Reuters

Dallas Fed President Richard Fisher, who dissented against the central bank's September policy decision but reversed course last week, said the U.S. economy is clearly headed toward increasing...
AU gives Burkina military two weeks to return power or face sanctions

By Mathieu Bonkougou and Nadoun Coulibaly, Reuters

The West African nation's military took power after longtime president Blaise Compaore stepped down on Friday following two days of mass protests over his bid to extend his rule through a...

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