Fiscal policy

A passer-by walks past a store closing sign, right, in the window of a department store, Tuesday, Oct. 27, 2020, in Boston. Americans may feel whiplashed by a report Thursday, Oct. 29, on the economy's growth this summer, when an explosive rebound followed an epic collapse. The government will likely estimate that the economy grew faster on an annualized basis last quarter than in any such period since record-keeping began in 1947.(AP Photo/Steven Senne)
October 30, 2020 - 7:16 am
WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding to concerns that Americans remain cautious with the viral pandemic resurging across the country and impeding the economy. The September gain...
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FILE - In this Sept. 11, 2020 file photo, European Central Bank (ECB) President Christine Lagarde attends a news conference during the Informal Meeting of Economics and Finance Ministers in Berlin, Germany. The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn early this year. The bank on Thursday, Oct. 29, made no change to its 1.35 trillion ($1.58 trillion) pandemic emergency bond purchase program, which pumps newly created money into the economy to keep credit flowing to businesses and promote economic activity. Hannibal Hanschke/Pool Photo via AP, File)
October 29, 2020 - 9:32 am
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was “little doubt” that more action would be coming at its December meeting as surging coronavirus infections and new restrictions on activity...
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FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange. Stocks are mixed on Wall Street, following gains in European markets, as more U.S. companies report encouraging results for the summer earnings period. (AP Photo/Frank Franklin II)
October 23, 2020 - 1:11 pm
Stocks shrugged off a sluggish start and ended mostly higher on Wall Street Friday. The S&P 500 managed a gain of 0.3%, but still posted its first weekly loss in four weeks. Facebook led gains in communications stocks. Intel fell sharply after reporting weakness in its data center business...
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October 23, 2020 - 8:14 am
PARIS (AP) — The international organization that monitors protections against money laundering and terrorism financing said Friday that fraud related to coronavirus is on the rise. The Financial Action Task Force said fraud linked to counterfeit medical supplies, economic stimulus measures and...
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People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election. (AP Photo/Vincent Yu)
October 19, 2020 - 8:54 pm
TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty...
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FILE - In this Aug. 25, 2020 file photo, U.S. Secretary of State Mike Pompeo stands with Sudanese Gen. Abdel-Fattah Burhan, the head of the ruling sovereign council, in Khartoum, Sudan. President Donald Trump on Monday, Oct. 19, 2020 said Sudan will be removed from the U.S. list of state sponsors of terrorism if it follows through on its pledge to pay $335 million to American terror victims and families. (Sudanese Cabinet via AP, File)
October 19, 2020 - 3:38 pm
CAIRO (AP) — President Donald Trump on Monday said Sudan will be removed from the U.S. list of state sponsors of terrorism if it follows through on its pledge to pay $335 million to American terror victims and their families. The move would open the door for the African country to get international...
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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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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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