Latest Government subsidies News

Toyota, China's BYD announced electric car venture

Apr. 2, 2020 8:39 AM EDT

BEIJING (AP) — Toyota Motor Co. and Chinese electric automaker BYD Co. announced a partnership Thursday to develop battery-powered vehicles, adding to a flurry of industry tie-ups to share soaring development costs. Automakers are spending billions of dollars to create low-cost models that appeal to...

Alaska residents to use tax credits to increase air quality

Mar. 28, 2020 5:56 PM EDT

JUNEAU, Alaska (AP) — Local governments in Alaska will be able to create and utilize property tax credits to increase energy efficiency and air quality under a bill passed by the Legislature. The Senate approved the bill with a 17-1 vote on Thursday. The measure now heads to Republican Gov. Mike Dunleavy...

FILE - In this March 28, 2018 file photo, former U.S. Sen. Tom Coburn speaks at a news conference in Oklahoma City. Coburn has died. He was 72. A cousin tells The Associated Press that he died early Saturday, March 28, 2020. Coburn had been diagnosed with prostate cancer years earlier. The Oklahoma Republican railed against federal earmarking and earned a reputation as a political maverick.   (AP Photo/Sue Ogrocki, File)

Ex-Sen. Tom Coburn, conservative political maverick, dies

Mar. 28, 2020 3:11 PM EDT

OKLAHOMA CITY (AP) — Former U.S. Sen. Tom Coburn was stubborn as a mule and conservative to his core. But the Oklahoma family doctor, known for railing against federal earmarks, didn’t let political differences dictate whom he called friends — even if it didn’t sit well with some of...

President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. Listening are from left, Larry Kudlow, White House chief economic adviser, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarty of Calif. (AP Photo/Evan Vucci)

Trump signs $2.2T stimulus after swift congressional votes

Mar. 28, 2020 12:09 AM EDT

WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law after swift and near-unanimous action by Congress to support businesses, rush resources to overburdened health care providers and help struggling families during the deepening coronavirus...

Canada to cover up to 75 percent of salaries for businesses

Mar. 27, 2020 4:05 PM EDT

TORONTO (AP) — Canada is increasing a payroll subsidy to small- and medium-sized businesses to now cover up to 75 percent of salaries as the country braced for a shutdown that a top health official said will last months. Canada's Deputy Chief Public Health Officer, Dr. Howard Njoo, said they are in it for...

Governor vetoes petrochemical plant tax break bill

Mar. 27, 2020 1:42 PM EDT

HARRISBURG, Pa. (AP) — Gov. Tom Wolf on Friday followed through on his threat to veto a bill to provide potentially hundreds of millions of dollars in tax breaks for petrochemical plants that use natural gas extracted in the state. In his veto message, Wolf said he could support awarding an incentive like...

House Speaker Nancy Pelosi of Calif. arrives to read a statement outside her office on Capitol Hill, Monday, March 23, 2020, in Washington. (AP Photo/Andrew Harnik, Pool)

Washington set to deliver $2.2 trillion virus rescue bill

Mar. 26, 2020 9:36 PM EDT

WASHINGTON (AP) — With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system. The House is set to pass the sprawling, $2.2...

Senate Majority Leader Mitch McConnell of Ky., rides a subway car on Capitol Hill in Washington, Wednesday, March 18, 2020, before a vote on a coronavirus response bill. (AP Photo/Patrick Semansky)

GOP economic recovery plan at a glance

Mar. 20, 2020 1:00 AM EDT

WASHINGTON (AP) — President Trump’s Senate GOP allies Thursday released a $1 trillion-plus economic recovery plan to speed direct payments of up to $1,200 to individuals, help small businesses stay afloat, and provide subsidized loans to the airlines and other industries distressed by the economic...

Canada announces massive aid package amid pandemic

Mar. 18, 2020 4:04 PM EDT

TORONTO (AP) — Canadian Prime Minister Justin Trudeau said Wednesday his government is deferring tax payments until August, providing a wage subsidy for small businesses and pausing student loan payments as part of massive stimulus package to limit economic damage from the coronavirus pandemic. Trudeau...

Sen. Bernie Sanders, I-Vt., participates in a Democratic presidential primary debate with former Vice President Joe Biden at CNN Studios, Sunday, March 15, 2020, in Washington. (AP Photo/Evan Vucci)

The Latest: Biden, Sanders debate electability versus Trump

Mar. 15, 2020 10:09 PM EDT

WASHINGTON (AP) — The latest from the Sunday night Democratic debate between former Vice President Joe Biden and Sen. Bernie Sanders (all times local): 10:15 p.m. Bernie Sanders says he has doubts about Joe Biden’s ability to energize enough voters to defeat President Donald Trump. Sanders said in...