Government finance

FILE- In this May 17, 2018, file photo an American flag hangs above the bell podium on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 27 (AP Photo/Richard Drew, File)
September 27, 2018 - 12:21 pm
NEW YORK (AP) — U.S. stocks are climbing Thursday as Apple and Amazon both jump. Health care companies are also higher and oil prices are bouncing back after they slipped a day earlier. Bed Bath & Beyond is plunging after it the company cut its annual forecasts following a weak second quarter...
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A man uses an ATM of a bank in the port town of Lavrio, Greece, about 75 kilometers (48miles) south of Athens, on Thursday, Sept. 27, 2018. Greek authorities say they will soon lift restrictions on domestic cash withdrawals imposed more than three-years ago to prevent a bank run by depositors at the height of the country's debt crisis. (AP Photo/Petros Giannakouris)
September 27, 2018 - 11:34 am
ATHENS, Greece (AP) — Greek authorities said Thursday they will lift within days restrictions on domestic cash withdrawals imposed more than three years ago to prevent a bank run by panicking depositors at the height of the country's debt crisis. The finance ministry said that from Oct. 1...
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Speaker of the House Paul Ryan, R-Wis., left, and Majority Leader Kevin McCarthy, R-Calif., confer during a news conference on a defense funding bill moving in the House today, at the Capitol in Washington, Wednesday, Sept. 26, 2018. (AP Photo/J. Scott Applewhite)
September 26, 2018 - 6:45 pm
WASHINGTON (AP) — Congress has approved a bill keeping the government open through Dec. 7, as lawmakers move to avert a government shutdown looming next week. The $854 billion bill also funds the military and a host of civilian agencies for the next year. The House approved the bill, 361-61, on...
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September 26, 2018 - 8:40 am
MILAN (AP) — Italy's economy minister says the first budget of the new Italian government will include a basic income scheme sought by one of the governing parties, the 5-Star Movement. Giovanni Tria said Wednesday that the scheme would "help manage the social consequences of the transformation...
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FILE - In this Sept. 21, 2009 file photo, boats are seen on Ammoudi Bay near seaside tavernas on the island of Santorini, Greece. Tax authorities say they have used surveillance drones in Greece for the first time to spot violations on Santorini, where tourists were allegedly being taken on boat tours of the island's sea-filled volcanic crater without getting receipts. Greece's Independent Authority for Public Revenue says that the one-day operation last week involved surveillance of nine tour boats, and that the violations recorded in a follow-up inspection were worth 25,000 euros ($29,400) in lost revenue. (AP Photo/Michael Virtanen, File)
September 26, 2018 - 6:44 am
ATHENS, Greece (AP) — The Greek government is owed so much in tax arrears from households and companies that it could pay off more than half its massive public debts if it collected it all. Unfortunately for the government, that's unlikely to ever happen. Data from the Independent Authority for...
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This combination of file photos show, from left to right; then Malaysia’s Prime Minister-elect Mahathir Mohamad, Maldives President-elect Ibrahim Mohamed Solih and Pakistan politician Imran Khan. The three Muslim-majority South Asian countries have recently elected leaders who campaigned on promises to move away from China’s growing sphere of influence. The surprising elections of nonagenarian Mahathir Mohamad in Malaysia, cricketer Imran Khan in Pakistan and longtime opposition lawmaker Ibrahim Mohamed Solih in the Maldives could signal problems for the continued development of Beijing’s “Belt and Road” initiative to build ports, highways and other trade-related infrastructure. (AP Photo, File)
September 26, 2018 - 3:31 am
NEW DELHI (AP) — Three Muslim-majority Asian countries have elected leaders who campaigned on a promise to temper China's growing influence, but analysts say reducing the foothold of the world's second-largest economy won't be easy because of the billions of dollars in development projects that are...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 26, 2018 - 3:28 am
WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...
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Carl DeMaio, who is leading the Proposition 6 campaign to repeal a recent gas tax increase, gestures to a ballot measure he is proposing to provide money for road repairs and eliminate high-speed rail on Tuesday, Sept. 25, 2018, in Sacramento, Calif. The 2020 initiative would change the state constitution to require that revenue from existing gas taxes be spent only for road and bridge work. (AP Photo/Rich Pedroncelli)
September 25, 2018 - 9:14 pm
SACRAMENTO, Calif. (AP) — Worried they would lack big-name candidates at the top of the ticket this November, California Republicans turned to a ballot measure that would eliminate a recent gas tax increase in hopes of exciting conservatives and ensuring they show up to support lower-profile...
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House Speaker Paul Ryan of Wis., speaks during a news conference, Thursday, Sept. 13, 2018, in Washington. Behind him are House Majority Whip Steve Scalise, R-La., and Rep. Cathy McMorris Rodgers, R-Wash., right. Ryan is rejecting President Donald Trump's assertion an official government death toll for last year’s hurricane in Puerto Rico is wrong. The Wisconsin Republican says he has "no reason to dispute" a study that found nearly 3,000 people on the island died from Hurricane Maria last year. (AP Photo/Jacquelyn Martin)
September 24, 2018 - 1:51 pm
WASHINGTON (AP) — Congress is set to pass a crucial spending bill that averts a government shutdown, but there's one potential obstacle: President Donald Trump. Neither party wants the government to close ahead of the midterm elections that will determine control of Congress, but Trump has made...
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September 24, 2018 - 1:50 pm
ATHENS, Greece (AP) — Tax authorities say they have used surveillance drones in Greece for the first time to spot violations on Santorini, where tourists were allegedly being taken on boat tours of the island's sea-filled volcanic crater without getting receipts. Greece's Independent Authority for...
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