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...

  • Drilling wells are pictured in Los Angeles, California December 11, 2013. REUTERS/Mario Anzuoni

    Why the U.S. Shale Boom Isn’t Dead

    By Thomas Miller, Oilprice.com

    Have you ever noticed that during extreme economic cycles, when trends are roaring on the upside, or conversely crashing back down to earth, there often appears an air of extremism in news headlines...

  • U.S. Federal Reserve Chair Janet Yellen attends a conference of central bankers hosted by the Bank of France in Paris November 7, 2014. REUTERS/Charles Platiau

    Why the Fed’s Patience Is About to Run Out

    By Anthony Mirhaydari

    It's about to be all about the Federal Reserve. Last month didn't feature a Federal Open Market Committee meeting, so investors were distracted by things such as the bailout shenanigans in Greece...

  • Bull

    Why the ‘Smart Money’ Is Bailing Out of the Bull Market

    By Anthony Mirhaydari

    Investors are feeling good right now. Really good. By some measures, bullishness has reached levels not seen in more than 10 years. But the positive vibes are at odds with some hard data that...

  • Warren Buffett Bends to Succession Talk at Berkshire

    By Luciana Lopez and Jonathan Stempel and Jennifer Ablan, Reuters

    In his 50 years at the helm of Berkshire Hathaway Inc , Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of...

  • February Jobs Report Will Take the Spotlight

    By Evelyn Cheng

    The monthly nonfarm payrolls report takes the spotlight next week as investors continue to look for guidance on the timing of an interest rate hike. "Next week's big number will be at the end of the...