Fiscal policy

1010 WINS Newsroom
July 08, 2020 - 3:35 am
LONDON (AP) — British Treasury chief Rishi Sunak on Wednesday is set to announce a 2-billion-pound ($2.5 billion) program to create jobs for young people as the government tries to revive an economy battered by the COVID-19 pandemic. Announcement of the funding, which will create government-...
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FILE - In this Friday, April 17, 2020 file photo, a health worker arrives to take a nose swab sample as part of testing for the COVID-19 coronavirus at a nursing and rehabilitation facility in Seattle. Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy in 2020. But with many long-term care facilities under lockdown to prevent COVID-19 outbreaks, what are the rules around how the money is handled? (AP Photo/Ted S. Warren)
1010 WINS Newsroom
July 04, 2020 - 9:30 am
NEW YORK (AP) — Nursing home residents are among the Americans getting $1,200 checks as part of the U.S. government’s plan to revive the economy. But with many long-term care facilities under lockdown to prevent COVID-19 outbreaks, what are the rules around how the money is handled? The situation...
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Outgoing French Prime Minister Edouard Philippe, left, applauds newly named Prime Minister Jean Castex, after the handover ceremony in Paris, Friday, July 3, 2020. French President Emmanuel Macron on Friday named Jean Castex, who coordinated France's virus reopening strategy, as the country's new prime minister as the country focuses on reviving an economy hard-hit by the pandemic and months of strict lockdown. (Thomas Samson, Pool via AP)
1010 WINS Newsroom
July 03, 2020 - 1:26 pm
PARIS (AP) — The new French prime minister appointed Friday said he feels ready to face the key challenge of reviving France's economy following the damage caused by the coronavirus pandemic and a two-month nationwide lockdown. The relatively low-profile Jean Castex, who coordinated France’s virus...
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Democratic presidential candidate, former Vice President Joe Biden speaks at Alexis Dupont High School in Wilmington, Del., Tuesday, June 30, 2020. (AP Photo/Patrick Semansky)
1010 WINS Newsroom
July 03, 2020 - 6:04 am
NEW YORK (AP) — The U.S. economy just posted its best single-month job gain in history. U.S. unemployment is at one of its worst points since the Great Depression. Both are true. As Republicans and Democrats fought to spin Thursday's jobs numbers to their advantage, both sides face tremendous...
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President Donald Trump swings a baseball bat during the Spirit of America Showcase at the White House, Thursday, July 2, 2020, in Washington. (AP Photo/Evan Vucci)
1010 WINS Newsroom
July 02, 2020 - 11:44 pm
NEW YORK (AP) — The U.S. economy just posted its best single-month job gain in history. U.S. unemployment is at one of its worst points since the Great Depression. Both are true. As Republicans and Democrats fought to spin Thursday's jobs numbers to their advantage, both sides face tremendous...
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FILE - In this Monday, June 29, 2020, file photo, Bigard Ogbonna, right, checks a customer's temperature before they enter a store at the Garden State Plaza mall in Paramus, N.J., as New Jersey's indoor shopping malls reopened from their COVID-19 pause. U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further gains. (AP Photo/Seth Wenig, File)
1010 WINS Newsroom
July 02, 2020 - 1:38 pm
WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus. While the...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
June 26, 2020 - 4:09 pm
Stocks closed sharply lower on Wall Street as the number of confirmed new coronavirus cases in the U.S. hit an all-time high, stoking worries that the reopening of businesses investors have been banking on to revive the economy will be derailed. The S&P 500 fell 2.4% Friday. Texas and Florida...
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FILE - In this June 23, 2020, file photo orange barriers enclose chairs and tables that will be used for dining along Sixth Street between Liberty and Penn avenues in downtown Pittsburgh. A report by Moody’s Analytics, a private sector economic research firm, released Wednesday, June 24, is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. (AP Photo/Gene J. Puskar, File)
1010 WINS Newsroom
June 24, 2020 - 6:37 pm
WASHINGTON (AP) — A new private sector report is warning anew of continuing damage to the economy if Washington doesn’t deliver several hundred billion dollars in budget relief to states and local governments amid the coronavirus pandemic. But Wednesday’s report by Moody’s Analytics, a private...
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Clouds are seen over the buildings of the banking district after sunset in Frankfurt, Germany, Thursday, June 18, 2020. (AP Photo/Michael Probst)
1010 WINS Newsroom
June 24, 2020 - 4:56 am
BERLIN (AP) — German business confidence has risen for the second consecutive month, a closely watched survey showed Wednesday. The result was slightly better than economists' expectations. The Ifo institute said its monthly confidence index rose to 86.2 points in June from 79.7 in May. Economists...
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President Donald Trump speaks with reporters before departing on Marine One on the South Lawn of the White House, Tuesday, June 23, 2020, in Washington. (AP Photo/Alex Brandon)
1010 WINS Newsroom
June 23, 2020 - 4:24 pm
WASHINGTON (AP) — President Donald Trump's call for another round of stimulus checks to most taxpayers is getting a lukewarm endorsement from his GOP allies on Capitol Hill, but it's emerging as an early area of potential agreement with Democrats like House Speaker Nancy Pelosi on the next...
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