Economic policy

In this Thursday, May 4, 2017, photo, a construction worker works on an apartment high-rise in Miami. On Friday, May 26, 2017, the Commerce Department will release its second of three estimates of growth for the January-March quarter as measured by the gross domestic product. (AP Photo/Alan Diaz)
May 26, 2017 - 9:13 am
WASHINGTON (AP) — The U.S. economy started 2017 out with a whimper, but it wasn't quite as weak as first thought. The government revised up its January-March growth reading to a rate of 1.2 percent — better than an earlier estimate of 0.7 percent but well below President Donald Trump's ambitious...
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US President Donald Trump arrives for a welcome ceremony for the G7 summit in the Ancient Theatre of Taormina (3rd century BC) in the Sicilian citadel of Taormina, Italy, Friday, May 26, 2017. On Friday and Saturday, for the first time all seven are around the same table, including also newcomers Emmanuel Macron of France, Theresa May of Britain and the Italian host, Paolo Gentiloni, forging a new dynamic after a year of global political turmoil amid a rise in nationalism. (AP Photo/Gregorio Borgia)
May 26, 2017 - 7:40 am
TAORMINA, Sicily (AP) — The Latest on the G-7 summit in Taormina, Sicily (all times local): 1:40 p.m. A German government spokesman says trade surpluses like the one that's provoking President Donald Trump's ire are the result of market factors and are "neither good nor bad." Spokesman Georg...
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Activists wearing the masks of the seven leaders of G7, from left, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, German Chancellor Angela Merkel, Italian Premier Paolo Gentiloni, British Prime Minister Theresa May, U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau, sit at a table eating mock pasta during an initiative by Oxfam, an international confederation of NGOS aimed at fighting poverty, ahead of the G7 summit scheduled for May 26 and 27 in Taormina, Italy, Thursday, May 25, 2017. (Orietta Scardino/ANSA via AP)
May 26, 2017 - 4:28 am
TAORMINA, Sicily (AP) — The differences are well-known: climate change, trade and migration threaten to throw a summit of the Group of Seven wealthy democracies off its consensus game, with U.S. President Donald Trump cast as the spoiler-in-chief. But it may not play out exactly that way, according...
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Activists wearing the masks of the seven leaders of G7, from left, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, German Chancellor Angela Merkel, Italian Premier Paolo Gentiloni, British Prime Minister Theresa May, U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau, sit at a table eating mock pasta during an initiative by Oxfam, an international confederation of NGOS aimed at fighting poverty, ahead of the G7 summit scheduled for May 26 and 27 in Taormina, Italy, Thursday, May 25, 2017. (Orietta Scardino/ANSA via AP)
May 26, 2017 - 2:42 am
TAORMINA, Sicily (AP) — The differences are well-known: climate change, trade and migration threaten to throw a summit of the Group of Seven wealthy democracies off its consensus game, with U.S. President Donald Trump cast as the spoiler-in-chief. But it may not play out exactly that way, according...
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U.S. President Donald Trump, center, center, flanked by British Prime Minister Theresa May, right, and NATO Secretary General Jens Stoltenberg, joins fellow leaders in a group photo at NATO headquarters during the NATO Summit in Brussels, Belgium on Thursday, May 25, 2017. (Sean Kilpatrick/The Canadian Press via AP)
May 25, 2017 - 5:11 pm
NAVAL AIR STATION SIGONELLA, Italy (AP) — The Latest on President Donald Trump's first trip abroad (all times local): 11 p.m. President Donald Trump is opening the final leg of his maiden international trip, landing in Italy for meetings with the Group of 7 leaders. Trump and leaders from some of...
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May 25, 2017 - 1:10 pm
RALEIGH, N.C. (AP) — The Latest on North Carolina House Republicans unveiling portions of its state government spending proposal (all times local): 1:05 p.m. North Carolina House Republicans have unveiled large sections of their budget proposal that leave out several spending cuts proposed by the...
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Women stand in the rain in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, May 25, 2017. Shares in Asia are higher after an overnight advance on Wall Street spurred by the latest meeting minutes from the Federal Reserve. (AP Photo/Eugene Hoshiko)
May 25, 2017 - 5:43 am
HONG KONG (AP) — Most world stock markets rose Thursday as investors assessed the Federal Reserve's latest meeting minutes, while crude oil's rally fizzled out ahead of an OPEC meeting on production. KEEPING SCORE: Most European benchmarks climbed after an early wobble. France's CAC 40 added 0.3...
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Budget Director Mick Mulvaney testifies on Capitol Hill in Washington, Wednesday, May 24, 2017, before the House Budget Committee hearing on President Donald Trump's fiscal 2018 federal budget. (AP Photo/Jacquelyn Martin)
May 25, 2017 - 3:28 am
WASHINGTON (AP) — Medicaid is clearly in line for cuts under President Donald Trump's budget despite assurances to the contrary from his budget chief. Mick Mulvaney, director of the Office of Management and Budget, while introducing the budget Tuesday: "There are no Medicaid cuts in the terms of...
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Budget Director Mick Mulvaney testifies on Capitol Hill in Washington, Wednesday, May 24, 2017, before the House Budget Committee hearing on President Donald Trump's fiscal 2018 federal budget. (AP Photo/Jacquelyn Martin)
May 24, 2017 - 4:17 pm
WASHINGTON (AP) — Trump's budget director insists the administration's spending plans won't cut Medicaid money, but by any conventional measure of federal financing the health care program for families and the poor is clearly on the chopping block. Mick Mulvaney, director of the Office of...
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Budget Director Mick Mulvaney holds up a copy of President Donald Trump's proposed fiscal 2018 federal budget as he speaks to members of the media in the Press Briefing Room of the White House in Washington, Tuesday, May 23, 2017. (AP Photo/Andrew Harnik)
May 23, 2017 - 5:12 pm
WASHINGTON (AP) — President Donald Trump fulfilled a major campaign promise Tuesday, proposing a $4.1 trillion budget plan that would upend Washington in a big way. But he drew rebukes, even from some Republican allies, for the plan's jarring, politically unrealistic cuts to the social safety net...
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