Government finance

US Treasury Secretary Steve Mnuchin answers reporters after the G-7 Finance Thursday, July 18, 2019 in Chantilly, north of Paris. Top finance officials from the Group of Seven rich democracies are warning that cryptocurrencies like Facebook's Libra should not come into use before "serious regulatory and systemic concerns" are addressed. (AP Photo/Michel Euler)
July 18, 2019 - 8:51 am
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO'-shin) says budget and debt negotiators have reached an agreement on the core elements of a deal to increase the government's borrowing cap and set a $1.3 trillion overall level for the agency budgets that Congress passes each year...
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Conservative party leadership candidate Boris Johnson delivers his speech during a Conservative leadership hustings at ExCel Centre in London, Wednesday, July 17, 2019. The two contenders, Jeremy Hunt and Boris Johnson are competing for votes from party members, with the winner replacing Prime Minister Theresa May as party leader and Prime Minister of Britain's ruling Conservative Party. (AP Photo/Frank Augstein)
July 18, 2019 - 7:36 am
LONDON (AP) — The U.K. will plunge into recession if it leaves the European Union without a divorce deal, with the pound plunging in value and the economy shrinking by 2% in a year, Britain's official economic watchdog said Thursday. The Office for Budget Responsibility made its assessment as...
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US Treasury Secretary Steve Mnuchin, German Finance Minister Olaf Scholz and Canada's Finance Minister Bill Morneau, from left, walk at the G-7 Finance in Chantilly, north of Paris, on Wednesday, July 17, 2019. The Group of Seven rich democracies' top finance officials gathered Wednesday at a chateau near Paris in search of common ground on the threats posed by digital currencies. (AP Photo/Michel Euler)
July 18, 2019 - 6:52 am
CHANTILLY, France (AP) — The Latest on the G-7 finance ministers' meeting (all times local): 12:50 p.m. U.S. Treasury Secretary Steven Mnuchin says the White House will press ahead with its investigation of France's digital tax, which is aimed at companies like Google and Amazon, as a possible...
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July 17, 2019 - 7:11 pm
WASHINGTON (AP) — House Democrats and Republicans are joining in a rare show of unity, voting overwhelmingly to repeal an unpopular tax on generous health insurance that's a symbol of former President Barack Obama's signature health care law. The "Cadillac tax" has never gone into effect, since...
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Entertainer and activist Jon Stewart, speaks at a news conference on behalf of 9/11 victims and families, Friday, July 12, 2019, at the Capitol in Washington. The House is expected to approve a bill Friday ensuring that a victims' compensation fund for the Sept. 11 attacks never runs out of money. (AP Photo/Matthew Daly)
July 17, 2019 - 6:29 pm
WASHINGTON (AP) — Republican Sen. Rand Paul on Wednesday blocked fast-track approval of a bipartisan bill that would ensure a victims' compensation fund related to the Sept. 11 attacks never runs out of money. Paul objected to a request by Sen. Kirsten Gillibrand, D-N.Y., to approve the bill by...
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House Speaker Nancy Pelosi of Calif. reads from a paper titled "Know Your Rights" regarding ICE agents attempting to perform raids as she meets with reporters on Capitol Hill in Washington, Thursday, July 11, 2019. (AP Photo/Andrew Harnik)
July 17, 2019 - 6:20 pm
WASHINGTON (AP) — Washington negotiators are closing in on a budget and debt deal that would stave off the chance of a government shutdown this fall and allow Congress to speed through legislation to increase the government's borrowing cap. The emerging two-year framework would satisfy demands for...
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European Commissioner for Competition Margrethe Vestager, center, speaks with European Commissioner for Economic and Financial Affairs Pierre Moscovici, second left, and European Commissioner for Migration and Home Affairs Dimitris Avramopoulos, left, during the weekly college meeting at EU headquarters in Brussels, Wednesday, July 3, 2019. (AP Photo/Virginia Mayo)
July 17, 2019 - 4:52 pm
BRUSSELS (AP) — While the U.S. Congress talks about reining in big tech companies, Europe is taking action. The European Union said Wednesday it is investigating whether Amazon uses data from independent retailers to gain an unfair advantage, a decision that could lead to changes in how the...
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French Finance Minister Bruno Le Maire, left, welcomes Treasury Secretary Steve Mnuchin at the G-7 Finance Wednesday July 17, 2019 in Chantilly, north of Paris. The Group of Seven rich democracies' top finance officials gathered Wednesday at a chateau near Paris in search of common ground on the threats posed by digital currencies. (AP Photo/Michel Euler)
July 17, 2019 - 11:16 am
CHANTILLY, France (AP) — The Trump administration is objecting to France's plan to tax Facebook, Google and other U.S. tech giants, a rift that's overshadowing talks between seven longtime allies this week on issues ranging from digital currencies to trade. As finance ministers from the Group of...
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FILE - In this Tuesday, July 2, 2019 file photo, Bulgarian Prime Minister Boyko Borissov arrives for an EU summit in Brussels. Bulgarian officials say unidentified hackers have stolen the personal details of millions of people from Bulgaria's national revenue agency. Prime Minister Boyko Borissov called an emergency meeting Tuesday, July 16 of all law enforcement services to consider the potential harm to national security. (Geoffroy van der Hasselt, Pool Photo via AP, file)
July 17, 2019 - 8:00 am
SOFIA, Bulgaria (AP) — Bulgarian police have detained a suspect who is allegedly behind the hacking of the national revenue agency, an attack that leaked the personal and financial data of millions of Bulgarians and companies. Police cybersecurity chief Yavor Kolev said Wednesday a 20-year-old...
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July 16, 2019 - 12:58 pm
WASHINGTON (AP) — U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining. The Federal Reserve said Tuesday that manufacturing production increased 0.4% last month, aided by a nearly 3% surge at auto plants. Still, factory output...
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