Financial crisis

FILE - This images shows a depiction of Abraham Lincoln taking the oath of office as the 16th president of the United States administered by Chief Justice Roger B. Taney in front of the U.S. Capitol in Washington, on March 4, 1861. Historians cite the first inaugural speeches of Thomas Jefferson and Abraham Lincoln as possible parallels for Joe Biden, who has said his goal is to “restore the soul” of the country even as millions baselessly insist incumbent Donald Trump was the winner. (AP Photo, File)
January 15, 2021 - 8:46 am
NEW YORK (AP) — When Joe Biden addresses the country for the first time as president, his inaugural speech is likely to echo calls for unity that predecessors have invoked since the first time George Washington was sworn in. Unity has since been a theme, and an anxiety, for many incoming presidents...
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Police bike officers patrol on the empty waterfront promenade as the country starts a new lockdown, in Beirut, Lebanon, Thursday, Jan. 14, 2021. Lebanese authorities began enforcing an 11-day nationwide shutdown and round the clock curfew Thursday, hoping to limit the spread of coronavirus infections spinning out of control after the holiday period. (AP Photo/Bilal Hussein)
January 14, 2021 - 9:44 am
BEIRUT (AP) — It was a choice between containing a spiraling virus outbreak and resuscitating a dying economy in a country that has been in steady financial and economic meltdown over the past year. Authorities in Lebanon chose the latter. Now, virus patients struggling to breathe wait outside...
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FILE - In this file photo dated Sunday, March 3, 2019, Chairwoman of the Reform Party Kaja Kallas arrives at a polling station during a parliamentary elections in Tallinn, Estonia. President Kersti Kaljulaid said Thursday Jan. 14, 2021, in a statement that Kaja Kallas would now have 14-days to put together a new Cabinet, after Prime Minister Juri Ratas stepped down in the wake of a corruption scandal. (AP Photo/Raul Mee)
January 14, 2021 - 5:22 am
HELSINKI (AP) — Estonia’s president on Thursday tasked the leader of the main opposition party to form a new government, a day after Prime Minister Juri Ratas and his Cabinet stepped down in the wake of a corruption scandal in Ratas' ruling Center Party. Kaja Kallas, chairwoman of the center-right...
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FILE - This Aug. 24, 2020 file photo shows Treasury Secretary Stephen Mnuchin at the White House in Washington. The U.S. government’s deficit in the first three months of the budget year was a record-breaking $572.9 billion. The Treasury Department reported Wednesday, Jan. 13, 2021 that with three months gone in the budget year, the deficit was $216.3 billion higher than the same October-December period a year ago. (AP Photo/J. Scott Applewhite, File)
January 13, 2021 - 1:05 pm
WASHINGTON (AP) — The U.S. government's deficit in the first three months of the budget year was a record-breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the COVID-19 pandemic surged while revenue declined. The Treasury Department reported Wednesday...
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FILE - In this Jan. 11, 2021, file photo, Grace Mathre, server at Longfellow Grill, checks on University of St. Thomas students Lundsey Schulz and Maren Daggett in Minneapolis. As the U.S. finds itself in the most lethal phase of the coronavirus outbreak yet, governors and local officials in hard-hit parts of the country are showing little willingness to impose any new restrictions on businesses to stop the spread. (Glen Stubbe/Star Tribune via AP, File)
January 12, 2021 - 12:29 pm
PHOENIX (AP) — As the U.S. goes through the most lethal phase of the coronavirus outbreak yet, governors and local officials in hard-hit parts of the country are showing little willingness to impose any new restrictions on businesses to stop the spread. And unlike in 2020, when the debate over...
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FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington. Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, Jan. 8, 2021 showed that the chief concern was whether the Fed would be acting prematurely in starting to raise rates given how low inflation was at the time. (AP Photo/Patrick Semansky, File)
January 08, 2021 - 9:31 am
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade. Transcripts of their discussions, released Friday, showed that the chief...
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A police officer issues fines on vehicles that violate the odd and even license plate rule on alternating days as the country began a three-week lockdown to limit the spread of coronavirus amid a post-holiday surge in the past 10 days in Beirut, Lebanon, Thursday, Jan. 7, 2021. (AP Photo/Bilal Hussein)
January 07, 2021 - 9:48 am
BEIRUT (AP) — Lebanon began a 25-day nationwide lockdown Thursday to limit the spread of the coronavirus as infections hit a record high in the tiny Mediterranean nation and patients overwhelmed the health care sector. In Israel, the government prepared for a two-week shutdown as the country’s...
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FILE - In this Sept. 29, 2020 file photo, former Nissan Motor Co. Chairman Carlos Ghosn holds a press conference at the Maronite Christian Holy Spirit University of Kaslik, north of Beirut, Lebanon. In an opinion published Monday, Nov. 23, 2020, a panel of human rights experts working with the United Nations says former Renault-Nissan boss Carlos Ghosn was wrongly detained in Japan in late 2018 and has urged “compensation” and “other reparations” for him from the Japanese government. (AP Photo/Hussein Malla, file)
January 04, 2021 - 1:49 pm
BEIRUT (AP) — Former Renault-Nissan boss Carlos Ghosn said in an interview aired Monday that French investigators are coming to question him in Lebanon over some legal challenges in France, asking why don't the Japanese do the same thing. Ghosn’s comments came two weeks after a Lebanese justice...
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Pedro Pierluisi, gubernatorial candidate with the New Progressive Party (PNP), arrives at Vivo Beach Club to celebrate a slim lead of the pro-statehood party in the Puerto Rican general elections, in Carolina, Puerto Rico, Tuesday, Nov. 3, 2020. Pierluisi briefly served as governor following last year's massive protests that led to the resignation of former Gov. Ricardo Rosselló. (AP Photo/Carlos Giusti)
January 02, 2021 - 1:31 pm
SAN JUAN, Puerto Rico (AP) — Pedro Pierluisi vowed to achieve statehood for Puerto Rico and fight against poverty, corruption and COVID-19 after he was sworn in Saturday as the U.S. territory’s new governor. Pierluisi, a Democrat who previously served as Puerto Rico’s representative in Congress for...
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FILE - In this Thursday, Oct. 29, 2020 file photo, European Council President Charles Michel speaks with EU leaders during an EU Summit video conference at the European Council building in Brussels, to address the need to strengthen the collective effort to fight the COVID-19 pandemic. A last-minute trade deal with the United Kingdom coupled with the rollout of COVID-19 vaccines in the final days of the year produced a sense of success for the 27-nation bloc and brought glimmers of hope to the EU's 450 million residents. (Olivier Hoslet/Pool via AP, File)
January 01, 2021 - 12:06 am
BRUSSELS (AP) — Between the specter of Brexit, the coronavirus pandemic and a new leadership team facing a budget battle, the European Union looked set to remember 2020 as an “annus horribilis.” Instead, a last-minute trade deal with the United Kingdom coupled with the rollout of COVID-19 vaccines...
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