Government business and finance

February 21, 2020 - 5:52 pm
WASHINGTON (AP) — President Donald Trump signaled Friday that he’s prepared to tap federal coffers again to help farmers suffering from the tariff fights that he initiated. The Trump administration over the past two years has committed to providing farmers with $27 billion in assistance...
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Nicola T. Hanna, U.S. Attorney for the Central District of California, at podium, announces at a news conference in Los Angeles Friday, Feb. 21, 2020, that Wells Fargo has agreed to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals. (AP Photo/Stefanie Dazio)
February 21, 2020 - 5:39 pm
LOS ANGELES (AP) — Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals. Since the fake-accounts scandal came to light in...
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Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, Wednesday, Feb. 12, 2020, during a hearing on the Monetary Policy Report. (AP Photo/Susan Walsh)
February 21, 2020 - 4:55 pm
WASHINGTON (AP) — When Wall Street expects the Federal Reserve to cut interest rates, should that influence the Fed's decisions? Two Fed officials diverged on that issue in remarks Friday at a monetary policy conference in New York. The disagreement occurred just as the scenario is playing out in...
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FILE - In this Feb. 6, 2020, file photo trader John Doyle works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 21. (AP Photo/Richard Drew, File)
February 21, 2020 - 4:53 pm
Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies. The yield on the 30-year Treasury reached a record low as investors sought the safety of U.S. government bonds. The price of...
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A voter casts his ballot in the parliamentary elections in a polling station in Tehran, Iran, Friday, Feb. 21, 2020. Iranians began voting for a new parliament Friday, with turnout seen as a key measure of support for Iran's leadership as sanctions weigh on the economy and isolate the country diplomatically. (AP Photo/Vahid Salemi)
February 21, 2020 - 1:44 pm
TEHRAN, Iran (AP) — Iranians voted for a new parliament Friday, with turnout seen as a key measure of support for Iran's leadership as sanctions weigh on the economy and U.S. pressure isolates the country diplomatically. The disqualification of more than 7,000 potential candidates, most of them...
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Larry Krampe of Rome, Ky, left, talks with Bill Brey of Whitesville, Ky while the two stand next to a John Deere model 8345 R tractor on display inside the Owensboro Convention Center during the 46th annual Ag Expo, Wednesday, Jan. 29, 2020, in Owensboro, Ky. (Greg Eans/The Messenger-Inquirer via AP)
February 21, 2020 - 1:17 pm
Deere & Co. had a surprisingly strong first quarter after an extended period in which the tractor and construction equipment maker was bruised by the ongoing trade war between the United States and China. “Farmer confidence, though still subdued, has improved due in part to hopes for a...
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FILE - In this Sept. 10, 2019, file photo a John Deere tractor is on display at the Husker Harvest Days farm show in Grand Island, Neb. Deere & Co. reports earns on Thursday, Feb. 20, 2020. (AP Photo/Nati Harnik, File)
February 21, 2020 - 11:16 am
Deere had a surprisingly strong first quarter after an extended period in which it was bruised by the ongoing trade war between the United States and China. “Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural exports...
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French President Emmanuel Macron arrives for an EU summit at the European Council building in Brussels, Friday, Feb. 21, 2020. In a second day of meetings EU leaders will continue to discuss the bloc's budget to work out Europe's spending plans for the next seven years. (Ludovic Marin, Pool Photo via AP)
February 21, 2020 - 10:38 am
BRUSSELS (AP) — Major contributors to the European Union's budget blocked progress at an emergency summit on Friday, insisting they would not stump up more funds for the bloc's next long-term spending package, worth around one trillion euros ($1.1 trillion). The so-called “Frugal Four” of Austria,...
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FILE - In this Aug. 28, 2018 file photo, welders work on Iowa-side columns for the new Interstate 74 bridge in Bettendorf, Iowa. In the midst of an election year, President Donald Trump has outlined a new $1 trillion infrastructure plan. This time, the Republican president is proposing to rely fully on federal spending to reach his goal, a fundamental change that is praised by some state transportation officials and industry groups, even though Trump's proposal doesn't spell out how to pay for it all. (Todd Mizener/The Dispatch – The Rock Island Argus via AP, File)
February 21, 2020 - 10:19 am
JEFFERSON CITY, Mo. (AP) — As a presidential candidate in 2016, Donald Trump promised a $1 trillion infrastructure plan that would use tax incentives to spur private investment in public works projects. He has so far failed to persuade Congress to pass anything like that. In another election year,...
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In this Feb. 20, 2020, photo, a worker sits at a production line at a microelectronics factory in Nantong in eastern China's Jiangsu Province. China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. (Chinatopix via AP)
February 21, 2020 - 7:18 am
BEIJING (AP) — China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. Financial markets have welcomed announcements by both sides of reductions in penalties on each other's...
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