Economic policy

Senate Majority Leader Mitch McConnell, R-Ky., tells reporters he intends to cancel the traditional August recess and keep the Senate in session to deal with backlogged tasks, on Capitol Hill in Washington, Tuesday, June 5, 2018. (AP Photo/J. Scott Applewhite)
June 06, 2018 - 4:41 pm
WASHINGTON (AP) — A bipartisan group of 10 senators introduced longshot legislation Wednesday that would require Congress to sign off on tariffs imposed in the name of national security, defying President Donald Trump on a bedrock issue that once defined the GOP. Congressional Republicans are...
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President Donald Trump speaks during a bill signing ceremony for the "VA Mission Act" in the Rose Garden of the White House, Wednesday, June 6, 2018, in Washington. (AP Photo/Evan Vucci)
June 06, 2018 - 3:48 pm
WASHINGTON (AP) — Before President Donald Trump sits down with a notorious dictator, he will face what may well turn out to be a tougher crowd — some of America's oldest allies. With his new tariffs increasing U.S. isolation, Trump heads to Canada on Friday for a meeting of the Group of Seven...
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June 06, 2018 - 7:57 am
NEW DELHI (AP) — India's central bank raised its benchmark lending rate Wednesday to tamp down rising inflation following an increase in oil prices. The increase of one-quarter percentage point to 6.25 percent is the first since January 2014 and comes at a time when consumer inflation is at a four-...
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June 06, 2018 - 7:48 am
BRUSSELS (AP) — The European Union on Wednesday announced it will start imposing duties from July on a list of U.S. products in response to President Donald Trump's decision to slap tariffs on steel and aluminum imports from Europe. "The new duties start applying in July," European Commission Vice-...
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June 06, 2018 - 6:04 am
SHENZHEN, China (AP) — The CEO of Taiwan's Foxconn, which assembles Apple iPhones and other products for tech companies, said Wednesday that Washington's dispute with China is over technology rather than trade. Terry Gou's comments at an event celebrating the anniversary of Foxconn's first...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Wednesday, June 6, 2018. Asian stock markets followed Wall Street higher Wednesday ahead of a meeting of major industrialized economies overshadowed by tension over U.S. steel tariffs. (AP Photo/Mark Schiefelbein)
June 06, 2018 - 4:45 am
BEIJING (AP) — Global stocks markets followed Wall Street higher Wednesday ahead of a meeting of major industrialized economies overshadowed by tension over U.S. steel tariffs. KEEPING SCORE: In early trading, London's FTSE 100 rose 0.2 percent to 7,706.16 points while France's CAC 40 edged up 5...
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Senate Majority Leader Mitch McConnell, R-Ky., tells reporters he intends to cancel the traditional August recess and keep the Senate in session to deal with backlogged tasks, on Capitol Hill in Washington, Tuesday, June 5, 2018. (AP Photo/J. Scott Applewhite)
June 05, 2018 - 6:37 pm
WASHINGTON (AP) — Key Senate Republicans are pushing longshot legislation that would require Congress to sign off on President Donald Trump's import tariffs, a rare attempt to stand up to the administration on a bedrock issue that once defined the GOP. Congressional Republicans are mostly at odds...
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FILE - In this Jan. 11, 2013 file photo, the Social Security Administration's main campus is seen in Woodlawn, Md. Medicare’s financial problems have gotten worse, and Social Security’s can’t be ignored forever. The government’s annual assessment is a sobering checkup on programs vital to the middle class. The report from program trustees says Medicare will become insolvent in 2026, three years earlier than previously forecast. The report says Social Security will become insolvent in 2034, no change from the projection last year.(AP Photo/Patrick Semansky, File)
June 05, 2018 - 5:27 pm
WASHINGTON (AP) — Medicare will run out of money sooner than expected, and Social Security's financial problems can't be ignored either, the government said Tuesday in a sobering checkup on programs vital to the middle class. The report from program trustees says Medicare will become insolvent in...
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FILE- In this May 21, 2018, file photo, White House National Economic Council Director Larry Kudlow speaks to reporters at the White House in Washington. Kudlow, went on “Fox & Friends’’ Tuesday, June 5, to convey President Donald Trump's preference for reaching separate pacts with Canada and Mexico. Kudlow said Trump doesn’t necessarily plan to abandon NAFTA, but “is just going to try a different approach.’’ (AP Photo/Susan Walsh, File)
June 05, 2018 - 4:58 pm
WASHINGTON (AP) — President Donald Trump couldn't get what he wanted from months of three-way trade talks with Canada and Mexico. So now his administration wants to pursue separate negotiations with the two U.S. neighbors to try to overhaul the 24-year-old North American Free Trade Agreement, which...
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Italian Premier Giuseppe Conte, 2nd from right, is congratulated by Interior Minister Matteo Salvini, right, as Labor Minister Luigi Di Maio, top left, applauds, at the Senate, in Rome, Tuesday, June 5, 2018. In his first policy statement, Conte addresses the upper Senate chamber on Tuesday and the lower Chamber of Deputies on Wednesday, capping an extraordinary week that saw the installation of Western Europe's first populist government after three months of political and financial turmoil. (Angelo Carconi/ANSA via AP)
June 05, 2018 - 1:32 pm
ROME (AP) — Italian Premier Giuseppe Conte declared Europe's immigration policy a "failure" and demanded it be renegotiated as he outlined on Tuesday a heavy-spending domestic policy agenda for the populist "government of change." In his first policy address ahead of parliamentary confidence votes...
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