Economic policy

FILE - In this May 10, 2019, file photop, container ship is unloaded at the Virginia International Gateway terminal in Norfolk, Va. China-US Trade. A Chinese state news agency says U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call. (AP Photo/Steve Helber, File)
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May 08, 2020 - 6:27 am
BEIJING (AP) — U.S. and Chinese trade negotiators promised to create “favorable conditions” for carrying out a truce in their governments’ tariff war during a phone call Friday, an official Chinese news agency reported. The call followed a threat by President Donald Trump to pull out of the...
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FILE - In this file photo dated Wednesday, March 11, 2020, Pedestrians wearing face masks pass the Bank of England in London. In forecasts published Thursday May 7, 2020, The Bank of England has warned that the British economy could be nearly a third smaller by the end of the first half of this year as a result of the coronavirus pandemic, but also notes the economy could revive quickly. (AP Photo/Matt Dunham, FILE)
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May 07, 2020 - 1:09 pm
LONDON (AP) — The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction since the Spanish War of Succession a little over three centuries ago as a result of the coronavirus pandemic, before roaring back next year. In what it describes as a “plausible”...
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People pass by wearing face masks to protect against the spread of the new coronavirus as ride along a street in Beijing, Wednesday, May 6, 2020. China on Wednesday reported just two new cases of the coronavirus and no deaths. (AP Photo/Mark Schiefelbein)
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May 07, 2020 - 12:55 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — UN increases amount of appeal to fight coronavirus...
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European Commissioner for the Economy Paolo Gentiloni speaks during a media conference on the economy at EU headquarters in Brussels, Wednesday, May 6, 2020. The European Union predicted Wednesday "a recession of historic proportions this year" due to the impact of the coronavirus with a drop in output of more than 7 percent, as it released its first official forecast of the damage the pandemic is inflicting on the bloc's economy. (Kenzo Tribouillard, Pool Photo via AP)
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May 06, 2020 - 8:36 am
BRUSSELS (AP) — The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus as it released its first official estimates of the damage the pandemic is inflicting on the bloc’s economy. The 27-nation EU economy is predicted to contract...
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People wear face masks to protect against the new coronavirus as they walk through a public park in Beijing, Saturday, May 2, 2020. China, where the pandemic began in December, reported one new infection and no deaths in the 24 hours through midnight Friday. (AP Photo/Mark Schiefelbein)
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May 02, 2020 - 10:03 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Hundreds protest Oregon's stay-at-home order. —...
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Members of the Equestrian Gendarmerie Units, which normally serve to protect the Topkapı Palace, wearing face masks for protection against the coronavirus, as they patrol the beaches in Sariyer outside Istanbul, Saturday, May 2, 2020. The equestrian unit is used to patrol the beach area to enforce the curfew measures, restricting people from walking around or swimming. (Ibrahim Mase/DHA via AP)
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May 02, 2020 - 1:41 pm
ISTANBUL (AP) — The Turkish Trade Ministry lifted temporary export restrictions and a requirement for private companies to obtain advance permission before shipping abroad medical equipment used in treating COVID-19. A notice published Saturday in Turkey's Official Gazette rescinded restrictions on...
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Coronavirus NYC emergency hospital
Cindy Ord/Getty Images
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May 02, 2020 - 12:45 am
WASHINGTON (AP) — The stated mission of The Greater New York Hospital Association is simple enough: to help members deliver “the finest patient care in the most cost-effective way.” But it’s more complicated than that. While the association, which represents health care providers at the epicenter...
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FILE - In this April 21, 2020, file photo Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after the Senate approved a nearly $500 billion coronavirus aid bill on Capitol Hill in Washington. House Speaker Nancy Pelosi shelved a proposal for proxy voting this week after Republicans objected. In the Senate, McConnell rejected a GOP remote vote proposal. He expects Congress to return May 4, as planned. (AP Photo/Patrick Semansky, File)
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May 01, 2020 - 2:29 pm
WASHINGTON (AP) — The Senate is set to convene Monday but the health risks from the coronavirus are being laid bare as the Capitol physician says there is no way to quickly test the 100 senators and staff. It's a high-profile snapshot of the national testing shortfall as the Trump administration...
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House Speaker Nancy Pelosi of Calif. adjusts her face mask during a news conference on Capitol Hill Thursday, April 30, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
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April 30, 2020 - 11:19 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi said Thursday that state and local governments are seeking up to $1 trillion for coronavirus costs, a stunning benchmark for the next aid package that's certain to run into opposition from Senate Republicans. Pelosi acknowledged the federal government...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve said Friday, April 24, it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)
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April 29, 2020 - 6:05 pm
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity...
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