Fiscal policy

FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 14, 2018 - 9:59 am
RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible...
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FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 10, 2018 - 1:35 pm
ROME (AP) — Italy's new populist government isn't considering leaving the eurozone, the country's economy minister insisted, dismissing financial markets' rocky reaction to the euroskeptic coalition now in power as "normal questions that accompany political transition." Economy Minister Giovanni...
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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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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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FILE - In this Tuesday, Oct. 25, 2016 file photo, a plane flies over nearby houses as it approaches for landing at Heathrow Airport in London. The British Cabinet on Tuesday June 5, 2018, is expected to approve the construction of a third runway at Heathrow Airport, and to put the long-running issue up for a parliamentary vote. (AP Photo/Frank Augstein, File)
June 05, 2018 - 8:17 am
LONDON (AP) — The British government has approved the construction of a third runway at Heathrow Airport — a decision that puts the long-running issue to an uncertain parliamentary vote. Transport Secretary Chris Grayling described the decision by a Cabinet sub-committee as the right move for the...
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FILE- In this May 4, 2018, file photo, a frame is raised on a house under construction near Roseville, Calif. On Friday, June 1, the Commerce Department reports on U.S. construction spending in April. (AP Photo/Rich Pedroncelli, File)
June 01, 2018 - 10:22 am
WASHINGTON (AP) — U.S. construction spending surged 1.8 percent to a record high in April as home building rose by the largest amount in 24 years. The April gain reversed a 1.7 percent drop in March, the Commerce Department reported Friday. The strength stemmed from a sizable 4.5 percent rise in...
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FILE- In this May 7, 2018, file photo, a long line of 2018 and 2019 Cooper Countryman models sits at a Mini Cooper dealership in Highlands Ranch, Colo. On Thursday, May 31, the Commerce Department issues its April report on consumer spending, which accounts for roughly 70 percent of U.S. economic activity. (AP Photo/David Zalubowski, File)
May 31, 2018 - 1:35 pm
WASHINGTON (AP) — Americans boosted their spending by 0.6 percent in April, the biggest increase in five months and a strong indication that the economy is reviving after a winter slowdown. The Commerce Department said Thursday that last month's increase in consumer spending was the largest...
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A financial journalist checks on a monitor the course of the spread following political uncertainty, in Rome, Tuesday, May 29, 2018. The Italian stock market opened down 1.8 percent and the spread between Italian 10-year government bond and the benchmark German bund rose to 300 points, the highest level in years with interest rates at 2.9 percent, before relaxing. (Luciano Del Castillo/ANSA via AP)
May 29, 2018 - 12:28 pm
FRANKFURT, Germany (AP) — Italy's political turmoil has sent a wave of concern through the 19-nation eurozone that the country could be heading toward a new financial crisis — and even, in a worst case, out of the euro currency. One big reason for the worry: the firewalls the eurozone built to...
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Economist Carlo Cottarelli is surrounded by reporters as he arrives at Rome's Termini train station, Monday, May 28, 2018. Italy's president Sergio Mattarella invited Cottarelli to the presidential palace on Monday amid speculation he would ask the former International Monetary Fund official to form a technical government following the collapse of what would have been Western Europe's first populist government. (Angelo Carconi/ANSA via AP)
May 28, 2018 - 8:32 am
MILAN (AP) — The man tapped to head a neutral government in Italy after two populists failed in their bid is a former official at the International Monetary Fund who is a firm believer in the euro and in the necessity of Italy cutting its stubbornly high-debt load. Carlo Cottarelli, an economist,...
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FILE - In this March 30, 2017, file photo, the Capitol Dome is seen at dawn in Washington. The Senate has kicked off its annual attempt to pass government funding bills. Success is hardly assured, but President Donald Trump has warned Congress that he will never sign another foot-tall, $1 trillion-plus government-wide spending bill, and he insists that he'll get full funding for his border wall. (AP Photo/J. Scott Applewhite, File)
May 27, 2018 - 8:36 pm
WASHINGTON (AP) — President Donald Trump has warned Congress that he will never sign another foot-tall, $1 trillion-plus government-wide spending bill like the one he did in March. His message to lawmakers in both parties: Get your act together before the next budget lands on my desk. After a brief...
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