Global Economy

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: Senator John Barrasso (R-WY) speaks during a press conference on Capitol Hill in Washington, U.S., September 12, 2017. REUTERS/Joshua Roberts

    No Talk of Ousting Speaker Ryan, Key Conservative Says

    By Reuters

    Many Republicans are unhappy with the deal President Donald Trump reached last week with Democratic leaders to raise the government's debt ceiling and allow it to continue financing federal spending...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: Arellano, deputy of the Venezuelan coalition of opposition parties (MUD), clashes with national guards during a rally against Venezuela's President Nicolas Maduro's government in Caracas

    The Risk That Could Drive Oil Prices Higher in a Hurry

    By Nick Cunningham, Oilprice.com

    The latest rally in oil prices ran up against a wall yet again, and the same fears about oversupply have not receded in the slightest. The expectation from most oil analysts is that there is very...

  • Emmanuel Macron, head of the political movement 'En Marche!', or 'Onwards!', and candidate for the 2017 presidential election, delivers a speech as he attends a meeting for Women's day in Paris, France

    France Just Made a Big Move Toward a Green Energy Future

    By Bate Felix and Simon Carraud, Reuters

    France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said on Thursday at a presentation of measures to keep up...

  • European Central Bank (ECB) Governing Council member Ewald Nowotny addresses a news conference in Vienna June 6, 2014. REUTERS/Heinz-Peter Bader

    ECB's Nowotny hails EU stimulus plan as growth booster

    By Reuters

    "The new European Commission is setting the right priorities by proposing an investment package combined with regulatory reforms targeted toward fostering smart infrastructure, education, research...

  • File photo of the skyline of the banking district in Frankfurt, September 18, 2014. REUTERS/Kai Pfaffenbach

    Countdown to missed opportunity for EU economy

    By Paul Taylor, Reuters

    PARIS (Reuters) - The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy. When European Union leaders meet on Dec. 18-19 under new management, they...

  • An illustration picture shows a projection of binary code on a man holding a laptop computer, June 24, 2013. REUTERS/Kacper Pempel

    Euro wobbles on chance of more ECB action, Aussie perkier

    By Ian Chua and Masayuki Kitano, Reuters

    SYDNEY/SINGAPORE (Reuters) - The euro flirted with a two-year trough against the dollar on Monday as investors gave the currency a wide berth on prospects of more easing from the European Central...

  • Pedestrians with umbrellas walk past an electronic board showing Japan's Nikkei average (top middle L) and the exchange rates between the Japanese yen and the U.S. dollar (top middle R), outside a brokerage in Tokyo November 11, 2014. REUTERS/Yuya Shino

    Asia stocks jump as China, Europe step up stimulus

    By Wayne Cole, Reuters

    SYDNEY (Reuters) - Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. The single...

  • A truck carrying snow drives past a pump, in preparation for possible flooding, following a massive snow storm in West Seneca, New York November 24, 2014. REUTERS/Mark Blinch

    Flooding could follow heavy snow in western New York

    By Mark Blinch, Reuters

    BUFFALO (Reuters) - Emergency workers filled thousands of sandbags on Sunday as the area around Buffalo, New York braced for potential flooding as warming temperatures began to melt up to seven feet...