Latest Government pay News

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)

European Central Bank: Just wait until December

Oct. 29, 2020 12:33 PM EDT

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...

FILE - In this Oct. 30, 2007 file photo, employees are silhouetted at the Boehringer Ingelheim pharmaceutical factory in Ingelheim, central Germany. New statistics show unemployment in Germany fell unexpectedly in October, suggesting that Europe’s largest economy was beginning to shake off the negative impact of the coronavirus just as the pandemic started to spread rapidly again. (AP Photo/Michael Pobst, file)

German unemployment drops unexpectedly in October

Oct. 29, 2020 7:49 AM EDT

BERLIN (AP) — Unemployment in Germany fell unexpectedly in October, according to statistics released Thursday, suggesting that Europe's largest economy was beginning to shake off the negative impact of the coronavirus pandemic just as confirmed cases started to rise rapidly again. The jobless rate fell to...

Pallets of various foods are stacked on shelves in the extensive warehouse at the Houston Food Bank Wednesday, Oct. 14, 2020, in Houston. It's the largest U.S. food bank and national food bank leaders say they don't see an end in sight to the demand. (AP Photo/Michael Wyke)

Feeding Houston's hungry: 1M pounds of food daily for needy

Oct. 26, 2020 12:01 PM EDT

HOUSTON (AP) — In car lines that can stretch half a mile (0.8 kilometers), workers who lost jobs because of the coronavirus pandemic and other needy people receive staggering amounts of food distributed by the Houston Food Bank. On some days, the hundreds of sites supplied by the country's largest food...

FILE - In this June 23, 2020, file photo, President Donald Trump tours a section of the border wall in San Luis, Ariz. During his 2016 primary run, Trump sought to mark his ground as a hard-line immigration enforcer who would build “a great, great wall on our southern border.” Nearly four years later, Trump still has work to do completing his wall and much that has been completed has been paid by U.S. taxpayers despite promises otherwise. (AP Photo/Evan Vucci, File)

Four years in, Trump has plenty of unfinished business

Oct. 24, 2020 8:42 AM EDT

WASHINGTON (AP) — President Donald Trump swept into office nearly four years ago as an outsider who promised to get things done quickly on behalf of the American people through sheer force of will and unrivaled knowledge about the art of the deal. He has checked off some items on his to-do list. Trump...

People shop for clothing at the used-clothes market in Baghdad, Iraq, Tuesday, Oct. 20, 2020.  Iraq is in the throes of an unprecedented liquidity crisis, as the cash-strapped state wrestles to pay public sector salaries and import essential goods while oil prices remain dangerously low. (AP Photo/Khalid Mohammed)

Bloated public salaries at heart of Iraq's economic woes

Oct. 23, 2020 1:55 PM EDT

BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills. A graphic designer for the Health Ministry, he uses about half his salary to pay his rent of nearly 450,000 Iraqi dinars a...

A pedestrian walks past an empty business available for lease, Monday, Oct. 12, 2020, in downtown Surfside, Fla.  The pandemic and recession are squeezing big apartment building owners, with a surge in vacancies leading to a decline in rent growth for the first time in years. The U.S. vacancy rate for apartments rose to 5% in the third quarter, the highest level in eight years, according to Moody’s Analytics REIS.  (AP Photo/Wilfredo Lee)

Rising vacancies, declining rents squeezing apartment REITs

Oct. 22, 2020 11:00 AM EDT

LOS ANGELES (AP) — The pandemic is squeezing big apartment building owners, with a surge in vacancies leading to a decline in rent growth for the first time in years. The U.S. vacancy rate for apartments rose to 5% in the third quarter from 4.6% a year earlier, according to Moody’s Analytics REIS....

FILE - In this Friday, Oct. 9, 2020 file photo, a waiter wearing a face mask to prevent the spread of coronavirus sweeps the terrace of a bar in downtown Madrid, Spain. Europe’s economy was just catching its breath from what had been the sharpest recession in modern history. A resurgence in coronavirus cases in October 2020 risks undoing that and will likely turn what was meant to be a period of healing for the economy into a lean winter of job losses and bankruptcies. (AP Photo/Manu Fernandez, File)

Dark déjà vu for European economy as virus cases spike

Oct. 17, 2020 3:06 AM EDT

LONDON (AP) — Europe’s economy was just catching its breath from what had been the sharpest recession in modern history. A resurgence in coronavirus cases this month is a bitter blow that will likely turn what was meant to be a period of healing for the economy into a lean winter of job losses and...

Ali Allawi, Iraq's finance minister speaks during an interview with The Associated Press in Baghdad, Iraq, Thursday, Oct. 15, 2020. Allawi said on Thursday there is growing political will to execute drastic reforms needed for the country to grapple with a daunting liquidity crisis, which has left Iraq teetering on the brink of collapse. (AP Photo/Khalid Mohammed)

Finance minister says Iraq's leaders willing to make reforms

Oct. 15, 2020 12:41 PM EDT

BAGHDAD (AP) — Iraq's finance minister said Thursday there is growing political will to undertake drastic reforms needed for the country to tackle a daunting liquidity crisis, which has pushed Iraq to the brink of collapse. “There is more will now than there was five months ago,” Finance...

FILE - This Sept. 13, 2014, file photo, shows the Chase bank logo in New York. JPMorgan Chase says profits improved marginally in the third quarter, a notable change after the nation’s largest bank had to set aside billions in the last two quarters to cover losses from the coronavirus pandemic. The New York-based bank said it earned a profit of $9.44 billion, or $2.92 a share, in the July to September period.  (AP Photo/Frank Franklin II, File)

Bank profits remain resilient despite lingering pandemic

Oct. 14, 2020 4:36 PM EDT

CHARLOTTE, North Carolina (AP) — Unemployment remains high, many small businesses are struggling, and there are few signs that Congress and the White House can soon agree on another stimulus package to help the U.S. economy in the pandemic. But Wall Street banks are on the rebound after slumping the first...

A medical staff takes a swab from a woman as residents line up for the COVID-19 test near the residential area in Qingdao in east China's Shandong province on Monday, Oct. 12, 2020. Authorities in the eastern Chinese port city of Qingdao said Tuesday that they have completed coronavirus tests on more than 3 million people following the country's first reported local outbreak of the virus in nearly two months. (Chinatopix ia AP)

The Latest: China carries out 4.2 million tests in Qingdao

Oct. 13, 2020 9:42 PM EDT

BEIJING — China says it has carried out more than 4.2 million tests in the northern port city of Qingdao, with no new cases of coronavirus found among the almost 2 million sets of results received. The city has reported a total of 12 cases, six with symptoms and six without, since the new outbreak was...