Latest Fiscal policy News

Mexico's Slim supports president's objectives

Oct. 16, 2019 7:12 PM EDT

MEXICO CITY (AP) — Mexican billionaire Carlos Slim says he supports President Andrés Manuel López Obrador's objectives and estimates that he will make investments of more than $5.2 billion through his companies during López Obrador's six-year term. Slim highlighted the president's efforts to...

Eurozone inflation revised down to near 3-year lows

Oct. 16, 2019 6:48 AM EDT

BRUSSELS (AP) — Inflation in the 19-country eurozone was revised down in September to its lowest rate in nearly three years as energy prices fell by more than initially thought, official figures showed Wednesday. In an update, statistics agency Eurostat found that consumer prices rose by an annual rate of...

After ending protests, Ecuador faces dire economic outlook

Oct. 15, 2019 6:17 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64 billion public...

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...

Polish conservatives win lower house but lose Senate

Oct. 14, 2019 6:00 PM EDT

WARSAW, Poland (AP) — Poland's conservative Law and Justice party capitalized on its popular social spending policies to win a majority in the lower house of parliament and another four-year term in government, according to final election results Monday. The party won almost 44% of votes, which translated...

Ecuador indigenous, president strike deal to end protests

Oct. 13, 2019 11:14 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.  Under the agreement announced just before 10...

European Central Bank minority opposed bond-buying stimulus

Oct. 10, 2019 12:47 PM EDT

FRANKFURT, Germany (AP) — European Central Bank policymakers haggled extensively over several parts of the stimulus package unveiled at their meeting last month, with dissenters objecting to the relaunch of bond purchases aimed at lifting inflation and growth in the 19-country eurozone economy. The written...

3 more stand-alone spending measures head to NC governor

Oct. 9, 2019 5:10 PM EDT

RALEIGH, N.C. (AP) — Three more spending measures gleaned from the vetoed North Carolina state budget bill have cleared the General Assembly and next go to Gov. Roy Cooper's desk. The House voted overwhelmingly on Wednesday for legislation that funds transportation projects and the community college...

Rural broadband spending measure heading to NC governor

Oct. 8, 2019 5:54 PM EDT

RALEIGH, N.C. (AP) — Another spending proposal that contains another small portion of the North Carolina state budget bill idled since Gov. Roy Cooper's veto is now heading to his desk. The House gave final legislative approval on Tuesday to a measure which expands a recently created matching grant program...

Eurozone inflation drops, underlining case for stimulus

Oct. 1, 2019 6:17 AM EDT

BRUSSELS (AP) — Inflation in the 19-country eurozone weakened in September, slipping farther from the European Central Bank's goal and underlining President Mario Draghi's arguments for a recent stimulus package. Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9% in...