Economic policy

House Speaker Nancy Pelosi of Calif., center, with House Democrats including House Majority Whip James Clyburn, of S.C., left, and Chairman of the House Energy and Commerce Committee Rep. Frank Pallone, D-N.J., speaks during a news conference about COVID-19, Thursday, Sept. 17, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
September 18, 2020 - 10:29 pm
WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee...
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FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are falling early on Wall Street Thursday, Sept. 17, as the late selling from the previous day carries over. (AP Photo/Mary Altaffer, File)
September 17, 2020 - 1:16 pm
U.S. stocks are closing lower Thursday as Wall Street continues to swirl after the Federal Reserve said it will keep interest rates at nearly zero for years to help nurse the wheezing economy. The S&P 500 fell 0.8%. The selling was widespread, with eight of 11 sectors that make up the S&P...
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FILE - In this Sept. 7, 2020, file photo, a firefighter battles the Creek Fire as it threatens homes in the Cascadel Woods neighborhood of Madera County, Calif. This year's fires have taxed the human, mechanical and financial resources of the nation's wildfire fighting forces to a degree that few past blazes did. And half of the fire season is yet to come. (AP Photo/Noah Berger,File)
Associated Press
September 17, 2020 - 8:19 am
Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the flames. Before that, he and his crew had worked for 20 days, followed by a three-day break. Silvera, a 43-year-old battalion chief with Cal Fire,...
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FILE - In this file photo dated Wednesday, March 11, 2020, pedestrians wearing face masks walk past the Bank of England in London. The Bank of England kept its main interest rate unchanged at the record low of 0.1% on Thursday Sept. 17, 2020, as it waits to see how the economy recovers from recession and what Britain’s future trade relationship with the European Union will be. (AP Photo/Matt Dunham, FILE)
September 17, 2020 - 7:49 am
LONDON (AP) — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit. After unanimously deciding to maintain the...
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FILE -- In this Wednesday, Nov. 28, 2018 file photo clouds of smoke are pictured over Europe's largest lignite power plant in Belchatow, central Poland. Government stimulus programs to pull the world out of the coronavirus pandemic offer “a tremendous opportunity” to build a clean-energy economy, former California governor Arnold Schwarzenegger said Thursday, calling on governments not to “invest in the past." Speaking video link from Los Angeles to the Austrian World Summit in Vienna, Schwarzenegger said that “forward-looking decisions” are needed now as trillions are being poured into rebuilding economies around the globe.A group of Greenpeace environment activists have climbed its 180-meter smokestack to spur participants in next week's global climate summit in Poland into taking decisions on limiting the use of coal.(AP Photo/Czarek Sokolowski, file)
September 17, 2020 - 5:55 am
VIENNA (AP) — U.N. Secretary-General Antonio Guterres called Thursday on governments not to “throw away” economic stimulus funds by supporting fossil fuel industries that contribute to global warming. Speaking at a virtual conference on climate change, Guterres noted that countries have “a choice...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)
September 16, 2020 - 8:27 pm
Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S...
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FILE - In this June 30, 2020, file photo Federal Reserve Board Chairman Jerome Powell, reflected in the sneeze guard set up between himself and members of the House Committee on Financial Services, speaks during a hearing on oversight of the Treasury Department and Federal Reserve pandemic response on Capitol Hill in Washington. The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. The Fed on Wednesday, Sept. 16, also left its benchmark short-term rate unchanged at nearly zero, where it has been since the pandemic intensified in March. (Bill O'Leary/The Washington Post via AP, Pool)
September 16, 2020 - 3:55 pm
WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a...
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Yoshihide Suga is applauded after being elected as Japan's new prime minister at parliament's lower house in Tokyo, Wednesday, Sept. 16, 2020. Suga was formally elected Wednesday as Japan’s new prime minister in a parliamentary vote, replacing Shinzo Abe. (AP Photo/Koji Sasahara)
September 16, 2020 - 6:20 am
TOKYO (AP) — Japan's Parliament elected Yoshihide Suga as prime minister Wednesday, replacing long-serving leader Shinzo Abe with his right-hand man. Keeping his usual straight face, Suga bowed deeply several times when the results were announced as his fellow ruling party lawmakers applauded in...
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A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 16, 2020. Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. (AP Photo/Lee Jin-man)
September 15, 2020 - 8:59 pm
Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. Benchmarks rose modestly in Tokyo, Hong Kong and Seoul but the Shanghai Composite index was almost flat. Investors are awaiting the outcome of the U.S. Federal...
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Molten aluminum is seen inside a smelter at the Alouette aluminum plant in Sept-Iles, Quebec, on May 21, 2019. The Trump administration said Tuesday, Spet. 15, 2020, it is dropping taxes on Canadian aluminum, easing tensions with a close ally and preempting Canada’s plans to impose retaliatory sanctions. (Jacques Boissinot/The Canadian Press via AP)
September 15, 2020 - 12:57 pm
WASHINGTON (AP) — The Trump administration said Tuesday that it is dropping taxes on Canadian aluminum, easing tensions with a close ally just hours before Canada was prepared to impose retaliatory sanctions. The Office of the U.S. Trade Representative said the U.S. is ending the 10% tariffs a...
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