Fiscal policy

FILE- In this Sept. 26, 2018, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington. On Wednesday, Oct. 17, the Federal Reserve releases minutes from its September meeting when it lifted rates for the third time this year. (AP Photo/Susan Walsh, File)
October 17, 2018 - 3:42 pm
WASHINGTON (AP) — Federal Reserve officials last month debated how high they should raise interest rates to achieve their economic goals, with some arguing that they might need to lift rates to a level that would modestly restrain growth. In the end, the Fed modestly raised its key short-term rate...
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October 15, 2018 - 2:10 pm
WASHINGTON (AP) — The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday that the deficit climbed $113...
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FILE- In this Sept. 27, 2018, file photo a bilingual help wanted sign for Auto Zone, a retailer of aftermarket automotive parts and accessories, is posted outside the store in Canton, Miss. Another healthy picture of hiring is expected when the U.S. government issues its September jobs report Friday, Oct. 5. (AP Photo/Rogelio V. Solis, File)
October 05, 2018 - 8:59 pm
WASHINGTON (AP) — The U.S. unemployment rate fell in September to 3.7 percent, the lowest since 1969, when young men were being drafted to fight in Vietnam and the American auto industry and the space program were going full blast. The Labor Department reported Friday that the rate edged down from...
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FILE- In this June, 19, 2018, file photo, an Ever Green Line refrigerated container is delivered to a ship to shore crane working the container ship Ever Linking at the Port of Savannah in Savannah, Ga. On Thursday, Sept. 27, the Commerce Department issues the final estimate of how the U.S. economy performed in the April-June quarter. (AP Photo/Stephen B. Morton, File)
September 27, 2018 - 8:58 am
WASHINGTON (AP) — The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. The performance of the gross domestic product, the...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)
September 26, 2018 - 3:37 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:20 p.m. Federal Reserve Chairman Jerome Powell is downplaying the risk that higher mortgage rates were increasing costs for would-be homebuyers. Powell cites the affordability index from the National...
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September 26, 2018 - 3:20 am
WASHINGTON (AP) — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government...
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Ralph Brinkhaus, deputy chairman of the joint faction of the Christian Democratic parties smiles before a faction meeting in Berlin Tuesday, Sept. 25, 2018. (Kay Nietfeld/dpa via AP)
September 25, 2018 - 11:40 am
BERLIN (AP) — A close ally of Chancellor Angela Merkel was ousted Tuesday as head of her conservative bloc's parliamentary group, a surprise defeat that dealt a blow to the longtime German leader's authority in her own ranks. Volker Kauder, who had led the parliamentary group of Merkel's Union bloc...
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From left, Sen. Patrick Leahy, D-Vt., questions Supreme Court nominee Brett Kavanaugh about his time in the White House, as Sen. Dick Durbin, D-Ill., center and Sen. Sheldon Whitehouse, D-R.I., right, listen during the second day of his confirmation hearing before the Senate Judiciary Committee, on Capitol Hill in Washington, Wednesday, Sept. 5, 2018. (AP Photo/J. Scott Applewhite)
September 18, 2018 - 2:34 pm
WASHINGTON (AP) — The Senate on Tuesday approved a wide-ranging, $854 billion bill that funds the military and a host of civilian agencies for the next year and provides a short-term fix to keep the government open through early December. The measure includes $675 billion for the Defense Department...
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FILE - This Wednesday, Aug. 1, 2018, file photo shows the Capitol in Washington. As a potentially catastrophic hurricane heads for the Carolinas, Congress is moving to avert a legislative disaster that could lead to a partial government shutdown just weeks before the November midterm elections. (AP Photo/J. Scott Applewhite, File)
September 13, 2018 - 12:36 pm
WASHINGTON (AP) — As a potentially catastrophic hurricane heads for the Carolinas, Congress is moving to avert a legislative disaster that could lead to a partial government shutdown just weeks before the November midterm elections. The House is set to vote Thursday on a $147 billion package to...
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FILE- In this Wednesday, June 20, 2018, file photo, Jason Joshua waits on customers at Zak the Baker in Miami. Americans who quit to take new jobs are enjoying pay raises that are one-third larger than raises for workers who stay put, a gap that has reached the widest point since the Great Recession. At the same time, retail and restaurant workers are receiving more generous raises than manufacturing workers are. (AP Photo/Lynne Sladky, File)
September 08, 2018 - 8:36 am
WASHINGTON (AP) — U.S. employers likely hired at a healthy pace in August, emboldened by brisk consumer spending and an economy that keeps growing steadily. Economists have forecast that employers added 189,000 jobs in August and that the unemployment rate dipped from an already-low 3.9 percent to...
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