Reuters Top News
Republicans in chaos as favorite quits House leadership race
WASHINGTON (Reuters) - Republicans in Washington faced a sudden leadership vacuum on Thursday when the front-runner to take control of the House of Representatives, Kevin McCarthy, dropped out of the race in a surprise that raised concerns about the party's ability to govern effectively.

U.S. House slams regulators for not catching Volkswagen for years
WASHINGTON (Reuters) - Volkswagen AG's U.S. chief executive blamed "individuals" for using software to cheat on diesel emissions at a House hearing on Thursday as lawmakers attacked federal environmental regulators for failing to catch the fraud for years.

Fed awaiting evidence global chill not knocking U.S. off track
WASHINGTON (Reuters) - The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course.

EU gets tough on expelling migrants, talks to neighbors
LUXEMBOURG (Reuters) - European Union governments agreed on Thursday to step up deportations of illegal immigrants and discussed creating an EU border force among measures to cope with hundreds of thousands of refugees from Syria's civil war.

World soccer rocked by suspension of Blatter and Platini
ZURICH (Reuters) - World soccer chief Sepp Blatter and European boss Michel Platini were suspended on Thursday, engulfed by a deepening corruption scandal as their sport faces criminal investigations in Switzerland and the United States.

Bill Gross sues Pimco for $200 million over forced ouster
NEW YORK (Reuters) - Billionaire bond investor Bill Gross sued his former employer Pacific Investment Management Co and its parent Allianz SE for $200 million, saying a greedy "cabal" of executives drove him out of the bond fund giant he helped found because they wanted his huge bonus for themselves.