Fiscal policy

September 28, 2020 - 12:03 pm
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde says the bank's massive monetary stimulus measures have helped stabilize the economy amid the pandemic and the ECB is ready to deploy even more stimulus if necessary. Lagarde told members of the European Parliament's economic...
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A woman looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 25, 2020. Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy.(AP Photo/Hiro Komae)
September 24, 2020 - 11:52 pm
TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy. Despite signs of a global economic rebound in the third quarter, worries remain the upturn may be running out of steam. House Democrats said they are paring...
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In this image made from UNTV video, Alassane Ouattara, President of Cote d'Ivoire, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly, Thursday Sept. 24, 2020, at UN headquarters, in New York. (UNTV via AP)
September 24, 2020 - 5:52 pm
JOHANNESBURG (AP) — African nations came out swinging on the third day of the United Nations annual gathering of world leaders Thursday, calling for dramatic fiscal measures to help economies survive the coronavirus pandemic — which one leader called the “fifth horseman of the apocalypse.” Africa's...
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Olaf Scholz, Federal Minister of Finance, attends the meeting of the Federal Cabinet in the Federal Chancellery in Berlin, Germany, Sept. 23, 2020. (Kay Nietfeld/dpa via AP)
September 23, 2020 - 9:02 am
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 the fallout of the coronavirus crisis. The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from...
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September 23, 2020 - 6:59 am
GENEVA (AP) — The U.N. labor agency warned Wednesday that the coronavirus pandemic has led to a massive drop in income for workers around the world and of rising inequality between rich countries that have injected government cash into their economies and poorer countries that can’t. In a report...
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House Speaker Nancy Pelosi of Calif., center, with House Democrats including House Majority Whip James Clyburn, of S.C., left, and Chairman of the House Energy and Commerce Committee Rep. Frank Pallone, D-N.J., speaks during a news conference about COVID-19, Thursday, Sept. 17, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
September 18, 2020 - 7:58 pm
WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee...
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FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)
September 17, 2020 - 11:32 pm
TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1...
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FILE - In this Sept. 7, 2020, file photo, a firefighter battles the Creek Fire as it threatens homes in the Cascadel Woods neighborhood of Madera County, Calif. This year's fires have taxed the human, mechanical and financial resources of the nation's wildfire fighting forces to a degree that few past blazes did. And half of the fire season is yet to come. (AP Photo/Noah Berger,File)
September 17, 2020 - 11:19 am
Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the flames. Before that, he and his crew had worked for 20 days, followed by a three-day break. Silvera, a 43-year-old battalion chief with Cal Fire,...
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FILE -- In this Wednesday, Nov. 28, 2018 file photo clouds of smoke are pictured over Europe's largest lignite power plant in Belchatow, central Poland. Government stimulus programs to pull the world out of the coronavirus pandemic offer “a tremendous opportunity” to build a clean-energy economy, former California governor Arnold Schwarzenegger said Thursday, calling on governments not to “invest in the past." Speaking video link from Los Angeles to the Austrian World Summit in Vienna, Schwarzenegger said that “forward-looking decisions” are needed now as trillions are being poured into rebuilding economies around the globe.A group of Greenpeace environment activists have climbed its 180-meter smokestack to spur participants in next week's global climate summit in Poland into taking decisions on limiting the use of coal.(AP Photo/Czarek Sokolowski, file)
September 17, 2020 - 8:55 am
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 contribute to global warming. Speaking at a virtual conference on climate change, Guterres noted that countries have “a choice...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. 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 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)
September 16, 2020 - 11:27 pm
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 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S...
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