Latest Economic policy News

A worker wearing a face mask to protect against the new coronavirus guides the loading of a shipping container at a container port in Qingdao in eastern China's Shandong Province, Thursday, July 9, 2020. China’s imports of U.S. goods rose 10.6% in June over a year earlier and its global trade also increased in a fresh sign the world’s second-largest economy is gradually recovering from the coronavirus pandemic, customs data showed Tuesday July 14, 2020. (Chinatopix via AP)

China's trade rises as economy recovers from virus slump

Jul. 14, 2020 2:21 AM EDT

BEIJING (AP) — China’s trade improved in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand. Chinese imports rose 3% over a...

Petrochemical tax break bill speeds through Senate

Jul. 13, 2020 7:01 PM EDT

HARRISBURG, Pa. (AP) — New legislation to extend millions of dollars in tax breaks to turn natural gas into fertilizer and other chemicals won approval in Pennsylvania's Senate on Monday, barely hours after the measure emerged from closed-door negotiations between Gov. Tom Wolf and top Republican...

German Chancellor Angela Merkel, left, and Italian Prime Minister Guiseppe Conte, right, talk prior to a meeting at the German government's guest house 'Meseberg' in Gransee, north of Berlin, Germany, Monday, July 13, 2020. (Tobias Schwarz/Pool Photo via AP)

Merkel: 2nd summit may be needed to forge EU stimulus deal

Jul. 13, 2020 2:39 PM EDT

BERLIN (AP) — “Bridges still need to be built” between European Union countries at odds over plans for a massive stimulus package to help the bloc's economies recover from the coronavirus pandemic, German Chancellor Angela Merkel said Monday, warning that if a summit this week doesn't result...

Britain's Prime Minister Boris Johnson, wearing a face mask, talks with paramedic Cindy Fu during a visit to the headquarters of the London Ambulance Service NHS Trust in London, Monday July 13, 2020. (Ben Stansall/Pool via AP)

Brexit is back: UK aims to prepare public for Jan 1 EU break

Jul. 13, 2020 12:02 PM EDT

LONDON (AP) — The British government told individuals and businesses Monday to get ready for new costs and red tape — but also an exciting “new start” — when the U.K. leaves the European Union's economic embrace in less than six months. The government unveiled details of new...

Editorial Roundup:

Jul. 13, 2020 10:00 AM EDT

Des Moines Register. July 9, 2020. In face of coronavirus pandemic, Iowa should position itself for a largely remote general election in November Gov. Kim Reynolds has still not signed an executive order restoring voting rights to felons. She did, however, find a pen to sign a bill that could reduce voter...

FILE - In this Sunday, Jan. 19, 2020 file photo, participants wave British and U.S. flags during a rally demanding electoral democracy and call for boycott of the Chinese Communist Party and all businesses seen to support it in Hong Kong. Only five years ago, former British Prime Minister David Cameron was celebrating a “golden era” in U.K.-China relations, bonding with President Xi Jinping over a pint of beer at the pub and signing off trade deals worth billions. Those friendly scenes now seem like a distant memory, with hostile rhetoric ratcheting up this week over Beijing’s new national security law on Hong Kong. China has threatened “consequences” after Britain offered refuge to millions in the former colony. (AP Photo/Ng Han Guan, file)

UK-China ties freeze with debate over Huawei, Hong Kong

Jul. 13, 2020 3:09 AM EDT

LONDON (AP) — Only five years ago, then-British Prime Minister David Cameron was celebrating a “golden era” in U.K.-China relations, bonding with President Xi Jinping over a pint of beer at the pub and signing off on trade deals worth billions. Those friendly scenes now seem like a distant...

Vetoed petrochemical tax break bill revived in Pennsylvania

Jul. 12, 2020 4:42 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania state lawmakers could vote on legislation this week that provides millions of dollars in tax breaks to turn natural gas into fertilizer and other chemicals, emerging from closed-door negotiations after Gov. Tom Wolf vetoed a similar bill earlier this year, officials...

FILE - In this June 29, 2019, file photo President Donald Trump, left, poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has fast become a top election issue as President Donald Trump and Democrat Joe Biden engage in a verbal brawl over who's better at playing the tough guy against Beijing. (AP Photo/Susan Walsh, File)

Trump, Biden try to outdo each other on tough talk on China

Jul. 12, 2020 3:32 PM EDT

WASHINGTON (AP) — China has fast become a top election issue as President Donald Trump and Democrat Joe Biden engage in a verbal brawl over who's better at playing the tough guy against Beijing. The Trump campaign put out ads showing Biden toasting China's Xi Jinping, even though Trump did just that with...

Workers in protective suits administer coronavirus tests at a COVID-19 testing site for those who were potentially exposed to the coronavirus at a wholesale food market in Beijing, Wednesday, June 17, 2020. As the number of cases of COVID-19 in Beijing climbed in recent days following an outbreak linked to a wholesale food market, officials announced they had identified hundreds of thousands of people who needed to be tested for the coronavirus. (AP Photo/Mark Schiefelbein)

The Latest: China rejects food imports after virus detected

Jul. 10, 2020 10:47 PM EDT

BEIJING — New coronavirus cases have dropped sharply in China, and authorities are turning their attention to concerns that the virus could spread through imported food. Those worries have risen since a June outbreak in Beijing that was linked to the city’s largest wholesale market. Testing has...

FILE - This July 31, 2019, file photo, shows the Federal Reserve logo ahead of the start of a scheduled news conference by Chairman Jerome Powell in Washington. The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June 2020 as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. (AP Photo/Manuel Balce Ceneta, File)

Fed buys more corporate bonds but may soon end purchases

Jul. 10, 2020 7:55 PM EDT

WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT&T,...