Latest Economic policy News

US criticizes EU for moving too slowly in trade talks

Oct. 17, 2018 12:50 PM EDT

BRUSSELS (AP) — U.S. Secretary of Commerce Wilbur Ross on Wednesday criticized the European Union for moving too slowly in trade talks and warned that President Donald Trump's patience with the Europeans might soon run out. Amid rising trans-Atlantic tensions and fears of an all-out trade war, Trump and EU...

The Latest: Lithuanian leader: Brexit goals 'a great secret"

Oct. 17, 2018 12:36 PM EDT

BRUSSELS (AP) — The Latest on Britain's upcoming exit from the European Union (all times local): 6:10 p.m. Lithuania's president says Britain hasn't really been able to explain how it wants to leave the European Union and she thinks domestic politics are to blame. President Dalia Grybauskaite said...

UK PM May opens summit talks with Brexit deal in balance

Oct. 17, 2018 12:36 PM EDT

BRUSSELS (AP) — British Prime Minister Theresa May opened a Brexit summit Wednesday seeking to convince fellow European Union leaders her plans for a friendly divorce were not dead and that a deal can be achieved in weeks, despite the bloc's calls for her to come up with a new approach. The prime...

Wisconsin Democrat Barnes: '09 lingerie party was 'immature'

Oct. 17, 2018 12:19 PM EDT

MADISON, Wis. (AP) — Wisconsin Democratic lieutenant governor candidate Mandela Barnes was tagged as the co-host of a lingerie party in 2009 when he was 22, extending an online invitation that joked about "stimulus packages" and used derogatory slang to refer to people who would be turned away. Barnes, now...

Russian and Egyptian presidents sign partnership treaty

Oct. 17, 2018 9:57 AM EDT

MOSCOW (AP) — Russian President Vladimir Putin and Egyptian President Abdel-Fattah el-Sissi signed a strategic cooperation treaty Wednesday that is intended to bolster trade and other ties between the two nations. The treaty capped a three-day visit to Russia by the Egyptian leader. During his talks with...

UK inflation drop eases central bank dilemma ahead of Brexit

Oct. 17, 2018 6:06 AM EDT

LONDON (AP) — Inflation in Britain eased markedly during September, official figures showed Wednesday, a development that lowers the pressure on the Bank of England to raise interest rates at a time when the country faces acute uncertainty from Brexit. The Office for National Statistics said consumer...

US to enter trade talks with Japan, European Union, Britain

Oct. 16, 2018 6:30 PM EDT

WASHINGTON (AP) — The Trump administration notified Congress on Tuesday that it plans to pursue trade agreements with the European Union, Japan and Britain. The announcement comes two weeks after the administration reached a deal with Canada and Mexico to rewrite the North American Free Trade Agreement....

Trump escalates his attacks on Fed: 'My biggest threat'

Oct. 16, 2018 6:02 PM EDT

WASHINGTON (AP) — Stepping up his attacks on the Federal Reserve, President Donald Trump declared Tuesday that the Fed is "my biggest threat" because he thinks it's raising interest rates too quickly. Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but...

Trump criticizes Fed for raising interest rates too quickly

Oct. 16, 2018 4:38 PM EDT

WASHINGTON (AP) — President Donald Trump is criticizing the Federal Reserve for raising interest rates too quickly. The recent increase in interest rates has spooked investors who fear higher borrowing costs could slow down the economy. Trump has blamed the market's big sell-off on rising rates and has...

As an oil giant, Saudi threats against US loom large

Oct. 16, 2018 2:19 PM EDT

DALLAS (AP) — Saudi Arabia's status as the biggest oil exporter gives it the power to jolt the global economy — if it wants. That was the kingdom's message when it warned Washington and President Donald Trump against imposing sanctions over the disappearance of Saudi journalist Jamal Khashoggi, a...