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...

  • Restoring the Public’s Trust in Economists

    By Mark Thoma

    The belief that economics has become politicized is a big reason the general public has lost faith in the ability of economists to give advice on important policy questions. For most issues, like...

  • Solar panels are pictured on the rooftops of residential homes in San Diego, California August 21, 2015. REUTERS/Mike Blake

    How $5.3 Trillion in Energy Subsidies Damage Economies, Environment

    By Rob Garver

    Consumers worldwide enjoy an annual global energy subsidy equivalent to about $5.3 trillion dollars, according to a study by International Monetary Fund researchers. The result, they argue, is higher...

  • A Bull Market for the Escort Business

    By Turney Duff, CNBC

    When speaking about escorts, Charlie Sheen once said, "I don't pay them for sex, I pay them to leave." And, like Sheen, a lot of Wall Street guys don't need to pay for sex either, but they'd rather...

  • What El Niño Could Do to Your Grocery Bill

    By Marcy Nicholson and Chris Prentice and Luc Cohen and David Adams, Reuters

    The El Niño climate phenomenon is almost certain to last through the Northern Hemisphere summer, the U.S. weather forecaster said, raising the chance of heavy rain in the southern United States as...

  • German parliament cuts ties with Verizon in wake of spying row

    Why Verizon’s $4.4 Billion AOL Buy Is a Bad Move

    By Robert Cryan, Reuters

    Verizon’s dumb pipes become no smarter by running $4.4 billion AOL through them. Seeking refuge from a vicious wireless war, the U.S. telecom carrier is buying the custodian of the Huffington Post...