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...

  • U.S. Secretary of State John Kerry (R), Iranian Foreign Minister Javad Zarif (L) and EU envoy Catherine Ashton arrive for a meeting in Vienna November 20, 2014. REUTERS/Leonhard Foeger

    U.S., Iran discussing new proposals to break nuclear impasse: sources

    By Louis Charbonneau and Jonathan Allen, Reuters

    The sources, who spoke to Reuters on condition of anonymity, said the top Iranian and U.S. diplomats were preparing ideas that could be shown to both countries' capitals. No details on the ideas were...

  • A visitor and the logo of Honda Motor Co are reflected on a Honda car at the company's headquarters in Tokyo January 30, 2009. REUTERS/Toru Hanai/File Photo

    Honda in talks with other suppliers for Takata air bag fix: WSJ

    By Reuters

    On Thursday, Takata's senior vice president for global quality assurance, Hiroshi Shimizu, told a U.S. Senate panel the company may not be able to keep up with demand for replacement parts. About 16...

  • 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

    China rate cut, European stimulus hints lift markets

    By Michael Connor, Reuters

    NEW YORK (Reuters) - World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank...

  • U.S. Vice President Joe Biden (L) shakes hands with Turkey's Prime Minister Ahmet Davutoglu during their meeting in Istanbul November 21, 2014. REUTERS/Murad Sezer

    Turkey, U.S. play down differences on fight against Islamic State

    By Dasha Afanasieva and Humeyra Pamuk, Reuters

    ISTANBUL (Reuters) - Turkey and the United States played down differences in the fight against Islamic State on Friday, but Prime Minister Ahmet Davutoglu made clear Ankara would keep pressing for a...

  • A videographer films an electronic board showing the Japan's Nikkei average and related indexes is seen next to a computer showing the market indexes at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, July 9, 2015. REUTERS/Yuya Shino

    Euro drops as Draghi raises stimulus hopes

    By Karen Brettell, Reuters

    NEW YORK (Reuters) - The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for...