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...

  • Fears grow in United States over Ebola's spread outside West Africa

    Fears grow in United States over Ebola's spread outside West Africa

    By Laila Kearney and Patricia Zengerle, Reuters

    NEW YORK/WASHINGTON (Reuters) - Fears are growing in the United States about Ebola with about 200 airline cabin cleaners walking off the job in New York and some lawmakers demanding the government...

  • Rousseff and Neves neck-and-neck ahead of Brazil runoff

    Rousseff and Neves neck-and-neck ahead of Brazil runoff

    By Anthony Boadle, Reuters

    BRASILIA (Reuters) - Pro-business opposition candidate Aecio Neves has gained support and is running neck-and-neck with leftist President Dilma Rousseff ahead of Brazil's Oct. 26 presidential runoff...

  • Icahn urges 'undervalued' Apple to buy back more shares

    Icahn urges 'undervalued' Apple to buy back more shares

    By Supantha Mukherjee and Svea Herbst-Bayliss, Reuters

    (Reuters) - Billionaire activist investor Carl Icahn said Apple Inc's <AAPL.O> shares could double in value and urged the company's board to buy back more shares using its $133 billion cash...

  • Drop in jobless claims points to labor market strength

    Drop in jobless claims points to labor market strength

    By Jason Lange, Reuters

    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the...

  • PepsiCo profit sizzles, boosts outlook for year; shares rise

    PepsiCo profit sizzles, boosts outlook for year; shares rise

    By Anjali Athavaley, Reuters

    NEW YORK (Reuters) - PepsiCo Inc <PEP.N> raised its full-year earnings forecast and said snack sales helped its quarterly profit beat expectations, sending its shares up more than 1 percent in...