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Monday, October 26, 2020
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Tag: Fiscal policy

US stocks shake off a wobbly start and end mostly higher

U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. ...

Asian stocks follow Wall Street lower on lack of US aid plan

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on...

UK government borrowing hits record due to pandemic

LONDON (AP) — The COVID-19 pandemic is battering Britain’s public finances, pushing government borrowing to a record last month as tax revenue fell and...

Asian shares track Wall Street fall as virus aid hopes fade

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid...

Trump says Sudan to be removed from terrorism list

CAIRO (AP) — President Donald Trump on Monday said Sudan will be removed from the U.S. list of state sponsors of terrorism if it...

A late slide erases gains for US indexes, leaving them mixed

Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to...

Awash in red ink: US posts record $3.1T 2020 budget deficit

WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous...

Asian shares mixed amid 2nd wave coronavirus, election fears

TOKYO (AP) — Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on...

South Africa extends relief grants to help poor amid virus

JOHANNESBURG (AP) — South African President Cyril Ramaphosa announced Thursday that his government will extend relief grants to 6 million of the country’s unemployed...

Asian stocks follow Wall St lower as stimulus hopes fade

Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential...

Asian shares track Wall Street decline on pandemic jitters

Shares were mostly lower in Asia on Wednesday after pandemic concerns snapped a four-day winning streak on Wall Street. ...

JPMorgan, Citi profits improve amid signs of recovery

CHARLOTTE, N.C. (AP) — Two of the nation's biggest banks — JPMorgan Chase and Citigroup — said Tuesday that their profits improved markedly over...

Trump restarting campaign with White House, Florida events

WASHINGTON (AP) — Looking to shove his campaign back on track, President Donald Trump and his team laid out an aggressive return to political...

Stocks climb, closing out biggest weekly gain in 3 months

Wall Street closed out its best week in three months Friday as investors drew encouragement from ongoing negotiations on Capitol Hill aimed at delivering...

Asian shares mostly higher on hopes for U.S. stimulus

TOKYO (AP) — Asian shares were mostly higher on Thursday on optimism U.S. stimulus may be coming after all, as President Donald Trump appeared...

World shares mixed after Trump calls halt to stimulus talks

World shares were mostly lower on Wednesday after U.S. President Donald Trump ordered a stop to talks on another round of aid for the...

Trump halts COVID-19 relief talks until after election

WASHINGTON (AP) — President Donald Trump on Tuesday called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after...

Asian shares mixed after Trump calls off stimulus talks

Stocks were mixed in Asia on Wednesday despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on...

The Latest: Top Trump aide Stephen Miller tests positive

WASHINGTON (AP) — The Latest on President Donald Trump's health after his COVID-19 diagnosis, and that of other White House aides, officials (all times...

Mexico announces $14 billion in infrastructure projects

MEXICO CITY (AP) — Mexico’s president announced a program of 39 joint public-private infrastructure projects Monday worth about $14 billion to help revive the...

Greece’s economy to shrink by estimated 8.2% this year

ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking...

Inflation slump in Europe could presage more stimulus

FRANKFURT, Germany (AP) — Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will...

India’s contracting economy rebooting from coronavirus blow

NEW DELHI (AP) — Millions of distressed Indian manufacturers and traders are counting on the eagerly-awaited October-December festive season to rescue them from their...

Police departments seeing modest cuts, but not ‘defunding’

DAVENPORT, Iowa (AP) — The racial justice protests following the death of George Floyd earlier this year prompted calls to “defund the police” in...

Pelosi and Mnuchin have ‘extensive’ talks on COVID relief

WASHINGTON (AP) — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting...

Asia Today: Philippines placing southern city in lockdown

MANILA, Philippines (AP) — One southern Philippine province and its war-battered capital will be placed under a mild lockdown starting Thursday and the rest...

Asian shares gain, cheered by US rally on hopes for stimulus

TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S....

At UN, Africa urges fiscal help against virus ‘apocalypse’

JOHANNESBURG (AP) — African nations came out swinging on the third day of the United Nations annual gathering of world leaders Thursday, calling for...

German Cabinet approves 2021 budget with high borrowing

Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen...

UN labor agency: Growing rich-poor gap amid COVID pandemic

GENEVA (AP) — The U.N. labor agency warned Wednesday that the coronavirus pandemic has led to a massive drop in income for workers around...

Stopgap bill to prevent shutdown held up over farm funding

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground...

Bangladesh economy shows early signs of pandemic recovery

DHAKA,Bangladesh (AP) — A rebound in garment orders after demand crashed during spring shutdowns is helping to revive the Bangladesh economy. ...

Asia slightly higher despite Wall Street slump, virus fears

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus...

‘Nothing left in the bucket’: Wildfire resources run thin

Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the...

UN chief: don’t ‘throw away’ stimulus money on fossil fuels

VIENNA (AP) — U.N. Secretary-General Antonio Guterres called Thursday on governments not to “throw away” economic stimulus funds by supporting fossil fuel industries that...

Asian stocks retreat on lack of new Fed action

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023...

India’s Modi faces turbulent session as Parliament reopens

NEW DELHI (AP) — After a five-month absence, Indian lawmakers returned to Parliament on Monday with the government's response to the coronavirus pandemic, the...

US budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the...

European Central Bank’s stimulus program to keep on rolling

FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program...

No virus aid before election? Pessimism before Senate vote

WASHINGTON (AP) — Top Republican senators made pessimistic predictions Wednesday about securing a bipartisan coronavirus relief package before the November election, signaling instead they...

Falling prices flash warning light for Europe’s economy

FRANKFURT, Germany (AP) — A startling fall in consumer prices and a stronger euro have increased pressure on the European Central Bank to provide...

Japan’s economy shrinks 28% in 2Q, worse than 1st estimate

TOKYO (AP) — Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. ...

Budget deficit to hit record $3.3T due to virus, recession

WASHINGTON (AP) — The...

Budget deficit to hit record $3.3T due to virus, recession

WASHINGTON (AP) — The...

Administration: 70% of relief payments to the dead recovered

WASHINGTON (AP) — The...

Canada’s finance minister steps down amid pandemic

TORONTO (AP) — Canada’s...

Japan’s economy shrinks at record rate, slammed by pandemic

TOKYO (AP) — Japan’s...

US budget deficit climbs to record $2.81 trillion

SILVER SPRING, Md. (AP)...

Trump end run around Congress raises questions on his claims

BRIDGEWATER, N.J. (AP) —...

Trump end run around Congress raises questions on his claims

BRIDGEWATER, N.J. (AP) —...

Saudi Aramco half-year profits plunge 50% from virus impact

DUBAI, United Arab Emirates...

Bank of England says economy will take time to heal

LONDON (AP) — The...

Asian shares mixed as US talks on stimulus still stalled

Stocks were mixed in...

NBA Foundation created, pledges $300 million to Black growth

LAKE BUENA VISTA, Fla....

Asian shares fall on jitters over US stimulus, China trade

BEIJING (AP) — Major...

US Treasury projects record Q3 borrowing of $947 billion

WASHINGTON (AP) — The...

German economy plunged 10% during 2nd quarter amid pandemic

FRANKFURT, Germany (AP) —...

US is expected to report a record-breaking economic plunge

WASHINGTON (AP) — Having...

Democrats, GOP far apart on virus aid; Trump wants a deal

WASHINGTON (AP) — A...

California lawmakers propose $100 billion stimulus plan

SACRAMENTO, Calif. (AP) —...

Despite COVID crisis, Congress seeks to do its day job

WASHINGTON (AP) — Even...

Groups push to remove proposed funding for nuclear testing

ALBUQUERQUE, N.M. (AP) —...

Pandemic to cost Australia government $131 billion this year

CANBERRA, Australia (AP) —...

Incarcerated people look to Senate to cap prison phone rates

MINNEAPOLIS (AP) — Incarcerated...

As restaurants endure economic losses, others feel pain, too

WASHINGTON (AP) — Restaurants...

Stimulus package breaks new ground in European unity

FRANKFURT, Germany (AP) —...

US construction spending fell 2.1% in May

WASHINGTON (AP) — U.S....

California’s budget has billions in cuts to close deficit

SACRAMENTO, Calif. (AP) —...

German business confidence rises for 2nd consecutive month

BERLIN (AP) — German...

GOP wary as Trump pushes new round of stimulus checks

WASHINGTON (AP) — President...

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