Fiscal policy

FILE- In this Feb. 27, 2019, file photo Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Pablo Martinez Monsivais, File)
May 01, 2019 - 3:28 pm
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which influences many consumer and...
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FILE - In this March 21, 2018, file photo Nancy Pelosi of Calif., and Senate Majority Leader Mitch McConnell of Ky., attend a Congressional Gold Medal Ceremony honoring the Office of Strategic Services in Emancipation Hall on Capitol Hill in Washington. Pelosi and McConnell are coming together to see if a deal can be made to stop billions of dollars in government spending cuts. Failure to reach an agreement would usher in cuts to the Pentagon and domestic programs of $125 billion next year _ a 10 percent drop from current levels.(AP Photo/Andrew Harnik, File)
April 28, 2019 - 1:47 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell, Washington's odd couple, have a limited set of mutual legislative interests in a capital beset by dysfunction and awash in presidential politics. But automatic spending cuts, the legacy of a budget breakdown...
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FILE - In this March 6, 2019, file photo, container ships docked at the Port of Oakland wait to be unloaded in Oakland, Calif. The U.S. economy shook off fears of a sharp slowdown in the first quarter of the year and grew at a solid pace, suggesting the nearly decade-long expansion still has a ways to go. (AP Photo/Ben Margot, File)
April 26, 2019 - 4:13 pm
WASHINGTON (AP) — The worries that hung ominously over the U.S. economy early this year appear to have lifted. And that sunnier picture has helped bolster confidence in the stock market — driving the benchmark S&P 500 index to another record high Friday. The latest dose of encouragement came in...
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FILE - In this Dec. 31, 2018, photo a Washington state ferry sails on a foggy day near cranes at the Port of Seattle. On Friday, April 26, 2019, the Commerce Department issues the first estimate of how the U.S. economy performed in the January-March quarter. (AP Photo/Ted S. Warren, File)
April 26, 2019 - 3:16 pm
WASHINGTON (AP) — The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic product...
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In this Tuesday, April 9, 2019, photo, workers sewing clothing for export at an garment factory in Donghai county in east China's Jiangsu province. China's economic growth held steady in the latest quarter despite a tariff war with Washington, suggesting Beijing's efforts to reverse a slowdown might be gaining traction. (Chinatopix via AP)
April 17, 2019 - 5:39 am
SHANGHAI (AP) — China's economic growth held steady in the latest quarter despite a tariff war with Washington as Beijing's efforts to reverse a slowdown started to gain traction. The world's second-largest economy expanded by 6.4% over a year before in the three months ending in March, the...
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President of European Central Bank Mario Draghi speaks during a press conference following the Governing Council meeting in Frankfurt, Germany, Wednesday, April 10, 2019. (AP Photo/Michael Probst)
April 10, 2019 - 10:37 am
FRANKFURT, Germany (AP) — The head of the European Central Bank warned that global trade conflicts such as U.S. threats to impose more tariffs are holding back the economy and underlined the bank's readiness to deploy more stimulus if needed. Mario Draghi said Wednesday that an improving jobs...
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Senate Majority Leader Mitch McConnell of Ky., arrives to speak to members of the media following a Senate policy luncheon on Capitol Hill, Tuesday, April 9, 2019, in Washington. (AP Photo/Andrew Harnik)
April 09, 2019 - 4:13 pm
WASHINGTON (AP) — Top Senate Republican Mitch McConnell said Tuesday it's time to kick off bipartisan talks on a new budget pact to fund federal agencies over the next two years. The Kentucky Republican told reporters that he spoke with President Donald Trump last week and House Speaker Nancy...
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FILE- In this March 7, 2019, file photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, April 5, the U.S. government issues the March jobs report. (AP Photo/Keith Srakocic, File)
April 05, 2019 - 6:10 pm
WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 29, 2019. Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing. (AP Photo/Ahn Young-joon)
March 29, 2019 - 2:50 am
SINGAPORE (AP) — Mainland Chinese markets led Asian indexes higher on Friday, as the U.S. and China kicked off a fresh round of trade talks in Beijing. The Shanghai Composite index advanced 2.9 percent to 3,081.11 and Hong Kong's Hang Seng jumped 1 percent to 29,055.99. South Korea's Kospi gained 0...
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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, March 29, 2019. Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing. (AP Photo/Ahn Young-joon)
March 28, 2019 - 11:38 pm
SINGAPORE (AP) — Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing. The Shanghai Composite index added 0.6 percent to 28,944.33 and Hong Kong's Hang Seng jumped 1.7 percent to 3,044.63. South Korea's Kospi gained 0.3 percent...
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