Fiscal policy

December 17, 2018 - 7:04 am
LONDON (AP) — Britain's Office of National Statistics says it is changing the way it accounts for student loans in a decision that will add 12 billion pounds ($15 billion) to the country's budget deficit. The statistics agency said in a statement Monday that the design of the system means much of...
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In this Dec. 11, 2018, photo, President Donald Trump and Vice President Mike Pence meet with Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Nancy Pelosi, D-Calif., in the Oval Office of the White House in Washington. Congress is racing to avoid a partial government shutdown over President Donald Trump’s border. But you wouldn’t know it by the schedule. Lawmakers are away until next week. The ball is in Trump’s court, both sides say. (AP Photo/Evan Vucci)
December 15, 2018 - 12:41 am
WASHINGTON (AP) — Congress is racing to avoid a partial government shutdown next Friday over President Donald Trump's border wall. But you wouldn't know it by the schedule, as lawmakers left town waiting for the White House's next move. The House is taking an extended five-day weekend, returning...
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In this Dec. 11, 2018 photo the European Central Bank sits next to the river Main in Frankfurt, Germany, where ECB president Mario Draghi will hold a news conference on Thursday, Dec. 13, 2018. (AP Photo/Michael Probst)
December 13, 2018 - 10:21 am
FRANKFURT, Germany (AP) — The European Central Bank is ending the stimulus program that helped nurse the eurozone economy back to health over the past four years — despite the emergence of new risks including a global trade war and Brexit. Thursday's decision to stop the bank's monthly bond...
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School children demonstrate in Bayonne, southwestern France, Tuesday Dec.11, 2018. Macron has acknowledged he's partially responsible for the anger that has fueled weeks of protests in France, an unusual admission for the leader elected last year. (AP Photo/Bob Edme)
December 11, 2018 - 9:43 am
PARIS (AP) — Tax relief and other fiscal measures announced by French President Emmanuel Macron to try to calm nationwide protests will cost 8-10 billion euros ($9-$11 billion), the government said Tuesday. In parliament, Prime Minister Edouard Philippe went to bat for Macron's measures, calling...
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December 11, 2018 - 7:20 am
BEIJING (AP) — A painful contraction in China's auto market deepened in November as sales fell for a fifth month amid an economic slowdown and consumer anxiety over a tariff fight with Washington. Sales of SUVs, sedans and minivans in the global industry's biggest market plunged 16 percent from a...
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December 11, 2018 - 4:03 am
MARRAKECH, Morocco (AP) — Delegates to a U.N. conference are laying out commitments to fight people trafficking and boost economic opportunities in the wake of pledging to cooperate on safe, orderly and humane migration. Day two of the meeting in Marrakech, Morocco, on Tuesday comes a day after 164...
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December 08, 2018 - 2:36 am
BEIJING (AP) — China's export growth sank in November as global demand weakened, adding to pressure on Beijing ahead of trade talks with Washington. Exports rose 5.4 percent over a year ago to $227.4 billion, a marked decline from the previous month's 12.6 percent increase, customs data showed...
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Italian Economy Minister Giovanni Tria attends a press conference in Rome, in Rome, Wednesday, Dec. 5, 2018. (AP Photo/Andrew Medichini)
December 07, 2018 - 3:34 pm
ROME (AP) — Italian lawmakers have given their first approval to the populist government's deficit-busting spending plan for 2019. The lower Chamber of Deputies on Friday night OK'd the proposal, put to a confidence vote to help close bickering ranks in Premier Giuseppe Conte's coalition. But the...
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In this Nov. 30, 2018 photo, House Minority Leader Nancy Pelosi, D-Calif., is joined by Rep. John Sarbanes, D-Md., at a news conference to discuss their priorities when they assume the majority in the 116th Congress in January, at the Capitol in Washington. While tea party Republicans swept to power to stop things -- repeal Obamacare, roll back environmental regulations and decrease the size and scope of government -- Democrats are marching into the majority to build things back up. And after spending eight downcast years in the minority, they can’t wait to get started. (AP Photo/J. Scott Applewhite)
December 06, 2018 - 10:27 pm
WASHINGTON (AP) — House Democratic leader Nancy Pelosi on Thursday rejected the idea of paying for President Donald Trump's border wall in exchange for helping hundreds of thousands of young immigrants avoid deportation. Funding for the wall — a top Trump priority — and legal protections for so-...
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FILE - This Dec. 21, 2016 file photo shows the Trump International Hotel at 1100 Pennsylvania Avenue NW, in Washington. The attorneys general of the District of Columbia and Maryland plan to file subpoenas seeking records from the Trump Organization, the IRS and other entities in their lawsuit accusing Donald Trump of profiting off the presidency. (AP Photo/Alex Brandon, File)
December 04, 2018 - 6:20 pm
WASHINGTON (AP) — The attorneys general of the District of Columbia and Maryland plan to file subpoenas Tuesday seeking records from the Trump Organization, the Treasury Department and dozens of other entities as part of a lawsuit accusing Donald Trump of profiting off the presidency. The flurry of...
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