Latest Economic policy News

EU-UK talks, fishing threat kick Brexit back into high gear

Oct. 15, 2021 08:26 AM EDT

BRUSSELS (AP) — The Brexit brawl kicked into high gear Friday on sticking points over Northern Ireland and French fishing, coming almost a year after a deal on a free trade agreement was supposed to have officially sealed the separation between the European Union and the United Kingdom. ...

Japan PM dissolves lower house for Oct. 31 national election

Oct. 14, 2021 08:48 AM EDT

TOKYO (AP) — Japan’s new Prime Minister Fumio Kishida dissolved the lower house of parliament Thursday, paving the way for elections that will be the country's first of the pandemic. At stake in the Oct. 31 polls will be how Japan faces a potential coronavirus...

UN investigator: North Korea kids and elderly risk starving

Oct. 13, 2021 18:36 PM EDT

UNITED NATIONS (AP) — North Koreans living under strict pandemic restrictions are facing a growing food crisis and the most vulnerable children and elderly people in the isolated Asian nation are at risk of starvation, a U.N. investigator said in a report released Wednesday. ...

Fed officials: Bond purchases could end by middle of 2022

Oct. 13, 2021 16:15 PM EDT

WASHINGTON (AP) — Federal Reserve officials agreed at their last meeting that if the economy continued to improve, they could start reducing their monthly bond purchases as soon as next month and bring them to an end by the middle of 2022. The discussion was revealed...

Burgum petition calling for support of tax relief plan

Oct. 13, 2021 15:58 PM EDT

BISMARCK, N.D. (AP) — North Dakota Gov. Doug Burgum is asking supporters to sign a petition endorsing his plan to use some of the state treasury’s bulging surpluses to offset income taxes, an unorthodox move that is perceived as an end-run on a Legislature that has signaled no appetite...

Great Brexit brawl: EU offers to improve N Ireland deal

Oct. 13, 2021 13:49 PM EDT

BRUSSELS (AP) — The great Brexit brawl headed into its next standoff Wednesday when European Union concessions to improve trade in Northern Ireland were likely to be deemed insufficient by the United Kingdom. The EU’s top Brexit official, Maros Sefcovic, proposed...

EXPLAINER: Why are UK and the EU still fighting over Brexit?

Oct. 13, 2021 13:18 PM EDT

LONDON (AP) — “Get Brexit done” was British Prime Minister Boris Johnson’s slogan when he ran for election two years ago. Since then, the U.K. has pulled out of the European Union after more than four decades of membership and several years of wrangling over divorce terms. ...

House sends debt limit hike to Biden, staving off default

Oct. 13, 2021 07:01 AM EDT

WASHINGTON (AP) — The House has approved a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. The $480...

House sends debt limit hike to Biden, staving off default

Oct. 12, 2021 19:28 PM EDT

WASHINGTON (AP) — Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. ...

Divorced UK and EU head for new Brexit fight over N Ireland

Oct. 12, 2021 12:53 PM EDT

BRUSSELS (AP) — It was late last Christmas Eve when the European Union and Britain finally clinched a Brexit trade deal after years of wrangling, threats and missed deadlines to seal their divorce. There was hope that now-separated Britain and the 27-nation bloc would...