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...

  • U.S. services sector activity growth slows in October: Markit

    U.S. services sector activity growth slows in October: Markit

    By Reuters

    NEW YORK (Reuters) - The pace of growth in the U.S. services sector slowed in October compared with the previous month to its lowest level in six months, a survey showed on Monday. The flash services...

  • Worried on low inflation, Fed seen offering soothing words

    Worried on low inflation, Fed seen offering soothing words

    By Jonathan Spicer, Reuters

    NEW YORK (Reuters) - The U.S. Federal Reserve this week will likely reinforce its stated willingness to wait a long while before hiking interest rates after a volatile month in financial markets that...

  • Reinventing Socialism: a risky business for French left

    Reinventing Socialism: a risky business for French left

    By Mark John, Reuters

    PARIS (Reuters) - As a young aide to then-French prime minister Lionel Jospin in the late 1990s, Manuel Valls sat in on meetings as Britain's Tony Blair and Germany's Gerhard Schroeder tried to...

  • Why Earnings Are More Important Than the Fed

    By Patti Domm, CNBC

    The Federal Reserve in the coming week is expected to end its quantitative easing program—the much-anticipated action that's been at the very heart of the market's fears. After a two-day meeting, the...

  • ECB fails 25 banks in health check but problems largely solved

    ECB fails 25 banks in health check but problems largely solved

    By Laura Noonan and Eva Taylor, Reuters

    FRANKFURT (Reuters) - Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank...