Economic policy

Cars are parked to be exported at Yokohama port, near Tokyo on Sept. 29, 2020. The drop in Japanese exports diminished last month, according to government data released Monday, Oct. 10, 2020, underlining how the blunt of the trade damage from the coronavirus pandemic may be gradually easing. (AP Photo/Koji Sasahara)
October 19, 2020 - 12:12 am
TOKYO (AP) — Japan's exports fell at a slower pace in September in a sign that trade damage from the coronavirus pandemic is easing, according to Finance Ministry data released Monday. The report showed Japan’s exports in September declined 4.9%, better than the nearly 15% drop in August. The...
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October 18, 2020 - 12:01 pm
MINNEAPOLIS (AP) — James A. Johnson, a former Democratic campaign operative who was CEO of housing lender Fannie Mae in the 1990s and served as chairman of Walter Mondale's presidential bid, died Sunday at his home in Washington. He was 76. Johnson's son, Alfred, confirmed that his father had died...
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The Union flag flies above a souvenir stand in front of Big Ben in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal. (AP Photo/Kirsty Wigglesworth)
October 18, 2020 - 8:00 am
LONDON (AP) — A senior British official said Sunday the door is “still ajar” for post-Brexit talks to continue with the European Union if officials in the bloc change their position on key points. Michael Gove's comments came after Prime Minister Boris Johnson’s spokesman said Friday that the trade...
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FILE - In this Sept. 1, 2020 file photo, Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing on Capitol Hill in Washington. The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday, Oct. 16, that the deficit for the budget year that ended on Sept. 30 was three times the size of last year's deficit of $984 billion. (Graeme Jennings/Pool via AP, File)
October 16, 2020 - 11:44 am
WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday that the deficit for the budget year that...
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English flags and a Union flag fly above a souvenir stand opposite Britain's Parliament in London, Friday, Oct. 16, 2020. Britain’s foreign minister says there are only narrow differences remaining in trade talks between the U.K. and the European Union. But Dominic Raab insists the bloc must show more “flexibility” if it wants to make a deal. (AP Photo/Kirsty Wigglesworth)
October 16, 2020 - 8:06 am
LONDON (AP) — British Prime Minister Boris Johnson said Friday that the U.K. must prepare for a no-deal break with the European Union unless there is a “fundamental” change of position from the bloc, as the two sides swapped blame for failing to strike a trade deal with just weeks until the end-of-...
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European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier leaves after addressing a media conference at an EU summit in Brussels, Thursday, Oct. 15, 2020. European Union leaders met in person for the first day of a two-day summit, amid the worsening coronavirus pandemic, to discuss topics ranging from Brexit to climate and relations with Africa. (Yves Herman, Pool via AP)
October 15, 2020 - 4:00 pm
BRUSSELS (AP) — With both sides digging in their heels as another Brexit deadline passed Thursday, the European Union and Britain demanded concessions from one another in talks on a basic trade deal that would soften the economic blow of the coronavirus pandemic for all. The EU leaders meeting in a...
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FILE — In this Thursday, June 20, 2019 file photo, South African President Cyril Ramaphosa delivers his State of the Nation Address in parliament in Cape Town, South Africa. Ramaphosa announced Thursday, Oct. 15, 2020 that his government will be extending relief measures to the country's poor who have been hurt by the economic downturn caused by COVID-19. (Rodger Bosch/Pool Photo via AP, FILE)
October 15, 2020 - 9:31 am
JOHANNESBURG (AP) — South African President Cyril Ramaphosa announced Thursday that his government will extend relief grants to 6 million of the country’s unemployed who have been hurt by the economic downturn caused by the COVID-19 outbreak. Ramaphosa, delivering an economic recovery plan to...
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FILE - In this Friday, Oct. 2, 2020 file photo, pedestrians pass the New York Stock Exchange, in New York. Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. The S&P 500 added 0.3% in early trading Wednesday. A loss in the index a day earlier broke a four-day winning streak. (AP Photo/John Minchillo, File)
October 15, 2020 - 7:22 am
Stocks are falling on Wall Street in early trading Thursday, extending the market's pullback this week as optimism that Congress will deliver another round of stimulus for the economy wanes and new data show another weekly surge in the number of Americans seeking unemployment aid. The S&P 500...
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FILE - In this Friday, Oct. 2, 2020 file photo, pedestrians pass the New York Stock Exchange, in New York. Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. The S&P 500 added 0.3% in early trading Wednesday. A loss in the index a day earlier broke a four-day winning streak. (AP Photo/John Minchillo, File)
October 14, 2020 - 1:48 pm
Stocks gave up early gains and closed lower Wednesday, adding to Wall Street's losses from a day earlier. The S&P 500 fell 0.7% after spending the morning swaying between small gains and losses. Companies that rely on consumer spending, banks and technology and communication stocks bore the...
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British Brexit negotiator David Frost, center, and Britain's Ambassador to the European Union Tim Barrow, right, arrive for a meeting with European Commission's Head of Task Force for Relations with the United Kingdom Michel Barnier at EU headquarters in Brussels, Monday, Oct. 12, 2020. (AP Photo/Francisco Seco)
October 14, 2020 - 3:44 am
BRUSSELS (AP) — On the eve of a European Union summit which British Prime Minister Boris Johnson had set as a deadline to get a post-Brexit trade agreement between both sides, talks remained in a deep rut over fundamental differences regarding anything from state aid to fisheries. EU nations are...
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