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...

  • Martin Blessing (R), CEO of Germany's second largest business bank, Commerzbank AG and European Central Bank (ECB) President Mario Draghi react before the start of the the European Banking Congress in the Old Opera house in Frankfurt, November 21, 2014. R

    Draghi throws ECB door open to money printing as global prospects dim

    By John O'Donnell and Eva Taylor, Reuters

    FRANKFURT (Reuters) - European Central Bank President Mario Draghi threw the door wide open on Friday for more drastic measures to prevent the euro zone from sliding into deflation, promising to use...

  • FILE PHOTO - CEO of Kohlberg Kravis Roberts & Co (KKR) Henry Kravis (C) departs after meeting India's Prime Minister Narendra Modi at a breakfast in the Manhattan borough of New York September 29, 2014. REUTERS/Carlo Allegri

    Obama will visit India again as ties expand

    By David Brunnstrom, Reuters

    WASHINGTON (Reuters) - U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns...

  • FILE PHOTO - The parents of Michael Brown, Lesley McSpadden (L) and Michael Brown Sr. (R), wear remembrances of their son at a news conference at the National Press Club in Washington September 25, 2014. REUTERS/Gary Cameron

    Grand jury on Ferguson shooting still in session: prosecutor's office

    By Julia Edwards and Daniel Wallis, Reuters

    Although no date or time for the announcement of its decision was known, the prosecutor's office said it had started to organize a news conference. (Reporting by David Bailey; Editing by Dina...

  • FILE PHOTO: European Commission President Jean-Claude Juncker chairs a meeting of the EU executive body in Brussels, Belgium May 10, 2017. REUTERS/Francois Lenoir

    EU investment plan to take shape next week

    By Jan Strupczewski and Alastair Macdonald, Reuters

    BRUSSELS (Reuters) - Jean-Claude Juncker will unveil a much anticipated 300-billion-euro ($370 billion) investment plan on Wednesday that is meant to trigger economic growth in the European Union...

  • People walk past a branch of The Royal Bank of Scotland (RBS) in central London August 27, 2014. REUTERS/Toby Melville

    RBS admits to data error in European stress test

    By Matt Scuffham, Reuters

    LONDON (Reuters) - Royal Bank of Scotland admitted on Friday it submitted erroneous data for European bank stress tests in October and had in fact only just scraped through, calling into question...