Fiscal policy

FILE - In this May 6, 2019, file photo, a woman looks at display boards at the Australian Stock Exchange in Sydney, Australia. Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point to a new record low of 1% in a bid to boost the economy. (AP Photo/Rick Rycroft, File)
July 02, 2019 - 2:44 am
CANBERRA, Australia (AP) — Australia's central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1% in a bid to boost the economy. The cut is the second in consecutive months. Previously the Reserve Bank of Australia had not shifted the rate in...
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In this June 26, 2019, photo, President Donald Trump speaks to reporters on the South Lawn of the White House in Washington. Trump is receiving mixed reviews for his stewardship of the U.S. economy, even as Americans feel increasingly good about how things are going. That’s according to a new survey by The Associated Press-NORC Center for Public Affairs Research. (AP Photo/Evan Vucci)
July 01, 2019 - 3:48 pm
WASHINGTON (AP) — The solid economy is doing little to bolster support for President Donald Trump. Americans give Trump mixed reviews for his economic stewardship despite the growth achieved during this presidency, according to a new survey by The Associated Press-NORC Center for Public Affairs...
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FILE - In this June 19, 2019, file photo cargo containers are stacked on a ship at the Port of Los Angeles in Los Angeles. On Thursday, June 27, the Commerce Department issues the third and final estimate of how the U.S. economy performed in the January-March quarter. (AP Photo/Marcio Jose Sanchez, File)
June 27, 2019 - 12:32 pm
WASHINGTON (AP) — The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the...
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FILE - In this May 2, 2019, file photo Mark Carney the Governor of the Bank of England speaks during an Inflation Report Press Conference at the Bank of England in the City of London. The Bank of England is open to the idea of letting new payment services such as Facebook's upcoming Libra hold funds with the central bank, Carney said Thursday, June 20. (AP Photo/Matt Dunham, Pool, File)
June 26, 2019 - 9:47 am
LONDON (AP) — The governor of the Bank of England gave his biggest hint yet that he'd back a stimulus package for the British economy if the country crashes out of the European Union at the end of October with no deal. In testimony to lawmakers on Wednesday, Mark Carney said the response from the...
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In this June 21, 2019, photo, House Speaker Nancy Pelosi of Calif., speaks with reporters at the Capitol in Washington. Pelosi says President Donald Trump’s threat to begin deporting migrants if Congress doesn’t quickly pass immigration legislation is ‘outside the circle of civilized human behavior.’ (AP Photo/J. Scott Applewhite)
June 24, 2019 - 11:27 pm
WASHINGTON (AP) — The White House threatened Monday to veto a Democratic-written $4.5 billion House bill aimed at improving the treatment of migrant families detained after crossing the southern border into the U.S., saying the measure would hamstring Trump administration border security efforts...
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Senate Minority Leader Chuck Schumer, D-N.Y., talks to reporters at the Capitol in Washington, Tuesday, June 18, 2019. (AP Photo/J. Scott Applewhite)
June 19, 2019 - 8:37 pm
WASHINGTON (AP) — Trump administration bargainers offered a one-year budget freeze and said Democratic spending demands remained too high as talks with congressional leaders aimed at averting deep cuts in defense and domestic programs seemed no closer to resolution Wednesday. After White House...
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President Donald Trump awards the Presidential Medal of Freedom to economist Arthur Laffer, Wednesday June 19, 2019, in the Oval Office of the White House in Washington. (AP Photo/Jacquelyn Martin)
June 19, 2019 - 6:35 pm
WASHINGTON (AP) — President Donald Trump awarded the Presidential Medal of Freedom on Wednesday to economist Arthur Laffer, whose disputed theories on tax cuts have guided Republican policy since the 1980s. Laffer, 78, advised Trump during his presidential campaign and co-wrote a flattering book, "...
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Senate Majority Leader Mitch McConnell, R-Ky., joined by his GOP leadership team, answers questions on Iran and the withdrawal of acting Defense Secretary Patrick Shanahan, during a news conference at the Capitol in Washington, Tuesday, June 18, 2019. (AP Photo/J. Scott Applewhite)
June 18, 2019 - 7:17 pm
WASHINGTON (AP) — The top Republican and Democrat on a key Senate panel have agreed on a $4.6 billion measure to house and care for immigrant refugees flocking across the U.S.-Mexico border — a long-delayed step toward averting a humanitarian tragedy at overcrowded and inadequate federal facilities...
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FILE - In this Thursday, May 16, 2019 file photo, European Central Bank President Mario Draghi arrives for a meeting of Eurogroup Finance Ministers at the European Council headquarters in Brussels. The European Central Bank stands ready to cut interest rates and could re-start its bond purchase stimulus program if needed to help the economy, President Mario Draghi said Tuesday June 18, 2019, in a speech at an ECB conference in Sintra, Portugal. (AP Photo/Francisco Seco, File)
June 18, 2019 - 12:40 pm
FRANKFURT, Germany (AP) — The European Central Bank could unleash more stimulus if the economy doesn't pick up soon, its president warned Tuesday, sparking a sharp drop in the euro and drawing an angry tweet from U.S. President Donald Trump. Mario Draghi told a conference in Sintra, Portugal, that...
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FILE - In this Feb.26, 2013 photo, a job seeker enters a job center (Pole Emploi), in Nice, southeastern France. French President Emmanuel Macron's government has unveiled its plan to tighten the country's unemployment benefits. All major workers unions denounce the reform as unfair and damaging to the country's social system. (AP Photo/Lionel Cironneau, File)
June 18, 2019 - 12:11 pm
PARIS (AP) — French President Emmanuel Macron's government has unveiled plans to make it more difficult for the unemployed to claim benefits, as part of an overhaul of France's labor market that aims to boost the nation's economy. Labor Minister Muriel Penicaud said Tuesday that the changes were "...
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