Latest Government subsidies News

Egypt increases fuel prices, as part of austerity measures

Jun. 16, 2018 2:33 PM EDT

CAIRO (AP) — Egypt announced Saturday steep increases in fuel and cooking gas prices as part of the country's economic reforms and austerity measures designed to overhaul the country's ailing economy. The new prices went into effect Saturday morning, the Ministry of Oil said in a statement. Prices for...

The Latest: Activists say 2 killed by Syria shelling

Jun. 15, 2018 7:59 AM EDT

GAZA CITY, Gaza Strip (AP) — The Latest on Eid al-Fitr (all times local): 3 p.m. Syrian activists say two people were killed when the government shelled a cemetery where they were visiting the graves of their relatives on the first day of the Eid al-Fitr holiday. Mahmoud al-Hamawi says three others were...

Senate panel OKs farm bill, but House wants work provisions

Jun. 13, 2018 2:22 PM EDT

WASHINGTON (AP) — A Senate panel approved a modest, bipartisan rewrite of federal farm and nutrition programs on Wednesday, sidestepping a fight for now but setting up a clash with House Republicans intent on beefing up work requirements for food stamps. The legislation, approved by a bipartisan 20-1 vote,...

Egypt defends austerity measures amid fears of unrest

Jun. 13, 2018 12:16 PM EDT

CAIRO (AP) — Egypt's President Abdel-Fattah el-Sissi on Tuesday defended austerity measures aimed at reviving the economy, amid fears of public anger that may have motivated the arrests of activists and bloggers in recent weeks. The government recently raised the price of electricity and tap water as part...

Maine individual insurers seek 9 percent rate hike

Jun. 10, 2018 8:49 AM EDT

PORTLAND, Maine (AP) — Two insurers on Maine's individual health insurance market are requesting lower-than-expected rate increases for 2019. Portland Press Herald reports the insurers are requesting average rate increases of over 9 percent in 2019. Higher federal subsidies could help 85 percent of...

Senate unveils farm bill, leaves food stamps alone

Jun. 8, 2018 4:13 PM EDT

WASHINGTON (AP) — The Senate Agriculture Committee on Friday released a bipartisan farm bill that makes mostly modest adjustments to existing programs and, unlike the House version of the bill, doesn't pick a fight over food stamps. The Senate bill, dubbed the "Agriculture Improvement Act of 2018," is...

IMF agrees to $50 billion deal to help Argentina's economy

Jun. 7, 2018 9:54 PM EDT

WASHINGTON (AP) — Argentina and the International Monetary Fund agreed Thursday on a three-year $50 billion stand-by financing deal aimed at strengthening the South American country's economy and helping it fight inflation. The IMF said the staff-level agreement will be subject to approval by the...

The Latest: Putin says 'always thinking' about successor

Jun. 7, 2018 9:48 AM EDT

MOSCOW (AP) — The Latest on President Vladimir Putin's annual call-in television show (all times local): 4:30 p.m. Russian President Vladimir Putin says he is "always thinking" about who will succeed him when his term is over. Putin, who has ruled Russia since 2000, was re-elected for his fourth term in...

Putin calls for World Cup stadiums to be self-sustaining

Jun. 7, 2018 6:47 AM EDT

MOSCOW (AP) — Russian President Vladimir Putin says Russia's 12 World Cup stadiums must be financially self-sustaining, following calls from some officials for government subsidies. "All the facilities need to be able to cover their costs," Putin said during an annual phone-in on Thursday. He suggested the...

New Jordan PM promises chance as anti-tax protests resume

Jun. 6, 2018 4:29 PM EDT

AMMAN, Jordan (AP) — Jordan's incoming prime minister said Wednesday he will work with different parties on a fair tax system, suggesting he will be responsive to criticism of a tax plan that forced out his predecessor. Omar Razzaz posted the conciliatory message on Twitter a day after Jordan's King...