Economic policy

1010 WINS Newsroom
May 13, 2020 - 12:48 pm
OMAHA, Neb. (AP) — U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions. Although the situation could cause concern...
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FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said Tuesday, May 12, 2020 that the government racked up a shortfall of $737.9 billion last month. That was more than three times larger than the previous record monthly deficit of $235 billion set in February. (AP Photo/J. Scott Applewhite, File)
1010 WINS Newsroom
May 12, 2020 - 4:34 pm
WASHINGTON (AP) — The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said...
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A United States Postal worker makes a delivery with gloves and a mask in Philadelphia, Thursday, April 2, 2020. The U.S. Postal Service is keeping post offices open but ensuring customers stay at least 6 feet (2 meters) apart. The agency said it is following guidance from public health experts, although there is no indication that the new coronavirus COVID-19 is being spread through the mail. (AP Photo/Matt Rourke)
1010 WINS Newsroom
May 12, 2020 - 4:28 pm
WASHINGTON (AP) — A new coronavirus aid package released Tuesday by House Democrats includes $25 billion for the cash-strapped U.S. Postal Service, which could run out of money by the end of September without a taxpayer bailout. Mail volume is down by more than 30% from last year because of the...
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FILE - In this April 2, 2019, file photo, Australian Treasurer Josh Frydenberg addresses the media as he arrives at Parliament House in Canberra, Australia. Treasurer Frydenberg said the country faces a “sobering” economic outlook due to the effects of the coronavirus and said it would have the largest deficit in its history when a revised budget is released in October. (AP Photo/Rod McGuirk, File)
1010 WINS Newsroom
May 12, 2020 - 4:41 am
CANBERRA, Australia (AP) — Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October. The 2020-21 federal budget was due to be released Tuesday. But the...
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1010 WINS Newsroom
May 11, 2020 - 7:45 pm
LAS VEGAS (AP) — Governors and legislative leaders from five western states that are coordinating their response to the coronavirus outbreak asked Congress on Monday to send $1 trillion to state and local governments across the U.S. in the next federal aid package. Officials from California,...
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FILE - In this March 7, 2020 file photo, a man walks past a banner showing Saudi King Salman, right, and his Crown Prince Mohammed bin Salman, outside a mall in Jiddah, Saudi Arabia. Saudi Arabia announced Monday, May 11, 2020, it is tripling taxes on basic goods to 15% and will cut spending on major projects by around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. (AP Photo/Amr Nabil, File)
1010 WINS Newsroom
May 11, 2020 - 3:47 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major projects by around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. Saudi citizens will...
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Mustafa al-Kahdimi, Iraqi Prime Minister-designate speaks to members of the Iraqi parliament in Baghdad, Iraq, Thursday, May 7, 2020. Iraq's former spy chief was sworn in early Thursday as the prime minister by lawmakers after weeks of tense political negotiations as the country faces a severe economic crisis spurred by the coronavirus pandemic. The parliament approved the government of al-Kahdimi after long wrangling over his proposed Cabinet. (Iraqi Parliament Media Office, via AP)
1010 WINS Newsroom
May 11, 2020 - 3:35 pm
BAGHDAD (AP) — President Donald Trump said in a phone call to Iraq's new prime minister that the U.S. was willing to provide Iraq with economic assistance, according to an Iraqi government statement on Monday, as the country faces a severe financial crisis brought on by falling oil prices. Mustafa...
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In this photo taken on Friday, May 1, 2020, doctor Ivan Venzhynovych, wearing special suit to protect against coronavirus, poses for a photo after morning examination patients with coronavirus at a hospital in Pochaiv, Ukraine. Ukraine's troubled health care system has been overwhelmed by COVID-19, even though it has reported a relatively low number of cases. (AP Photo/Evgeniy Maloletka)
1010 WINS Newsroom
May 11, 2020 - 6:53 am
CHERNIVTSI, Ukraine (AP) — Medical workers in homemade protective masks and suits, with plastic bags over their shoes. A hospital intended for 150 coronavirus patients now holding 250. A lack of filtration systems that forces autopsies to be done outside, under the trees, instead of in the hospital...
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FILE - In this Monday, April 6, 2020 file photo, chairs and tables are piled in front of a bar in St. Mark's Square, in Venice during a lockdown to prevent the spread of the coronavirus. The coronavirus outbreak is straining social safety nets across the globe - and underlining sharp differences in approach between wealthy societies such as the United States and Europe. In Europe, the collapse in business activity is triggering wage support programs that are keeping millions on the job, for now. (AP Photo/Andrew Medichini, File)
1010 WINS Newsroom
May 10, 2020 - 5:18 am
The coronavirus pandemic is straining social safety nets across the globe — and underlining sharp differences in approach between wealthy societies such as the United States and Europe. In Europe, the collapse in business activity is triggering wage support programs that are keeping millions on the...
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President Donald Trump speaks during a meeting with Republican lawmakers, in the State Dining Room of the White House, Friday, May 8, 2020, in Washington. (AP Photo/Evan Vucci)
1010 WINS Newsroom
May 09, 2020 - 12:24 am
WASHINGTON (AP) — President Donald Trump says he’s in “no rush” to negotiate another financial rescue bill, even as the government reported that more than 20 million Americans lost their jobs last month due to economic upheaval caused by the coronavirus. The president’s low-key approach came Friday...
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