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...

  • CBO Sees U.S. Deficit Doubling by 2040

    By David Lawder, Reuters

    WASHINGTON (Reuters) - The U.S. budget deficit will more than double as a share of economic output by 2040 if current tax and spending laws remain unchanged, congressional forecasters said on Tuesday...

  • A specialist trader is reflected on his screen on the floor of the New York Stock Exchange August 25, 2015. REUTERS/Brendan McDermid

    Fed Could Delay Interest Rate Hike As Bonds Sell Off

    By JONATHAN SPICER, Reuters

    The sharp bond market selloff is starting to pinch American consumers and companies, causing a mild economic tightening that, if sustained, could raise alarms at the Federal Reserve and even delay a...

  • Are Activist Investors a $100 Billion Drag on the Economy?

    By Suzanne McGee, The Fiscal Times

    Activist investors are busier than ever. They are popping up more frequently — undertaking twice as many campaigns as they did only a decade ago, according to McKinsey & Co. They’re also chasing...

  • Say Goodbye to Dow 18,000…for a While

    By Anthony Mirhaydari

    I'm just going to say it: The stock market is downright boring right now. The Dow Jones Industrial Average has again fallen below 18,000, a level it first tested in December. That's six months of no...

  • U.S. takes first step toward fracking disclosure rules

    Is Fracking Causing Earthquakes in Texas?

    By Charles Kennedy, Oilprice.com

    The connection between wastewater injection wells and an alarming increase in the frequency of earthquakes is getting a lot more scrutiny these days. First was Oklahoma, which has suddenly become the...