Latest Economic stimulus News

Dems shift line of attack, warning of GOP threat to Medicare

Oct. 17, 2018 2:46 PM EDT

WASHINGTON (AP) — With the GOP tax plan contributing to rising federal deficits, Democrats are warning that Republicans will seek cuts to Medicare, Medicaid and Social Security to balance budgets if they keep control of Congress in the November election. It's a familiar message for Democrats, who have for...

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...

European Central Bank confident in plan to remove stimulus

Oct. 11, 2018 8:43 AM EDT

FRANKFURT, Germany (AP) — Top European Central Bank officials expressed confidence at their last meeting that inflation is trending toward levels consistent with a strong economy — more confirmation that their 2.5 trillion-euro ($2.9 trillion) stimulus program will cease at year end. The written...

French government to cut taxes on businesses, households

Sep. 24, 2018 9:11 AM EDT

PARIS (AP) — The French government plans to cut taxes by 24.8 billion euros ($29.2 billion) next year in an effort to boost the economy and create more jobs. Budget Minister Gerald Darmanin presented on Monday the country's budget for 2019, based on estimated economic growth of 1.7 percent. To be able to...

Fed member sees gradual interest rates hikes in short term

Sep. 13, 2018 6:49 PM EDT

JACKSON, Miss. (AP) — Atlanta Federal Reserve Bank President Raphael Bostic said Thursday that he believes growth remains strong despite uncertainty over trade tensions, and he expects interest rates to continue to rise to a point where they neither stimulate nor slow the economy. "When the economy is...

ECB's Draghi: Trade war chief worry for global economy

Sep. 13, 2018 10:43 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region's growth. But its president, Mario Draghi, warned that the United States' trade dispute with several major powers has become a key...

Britain's May in Kenya to boost economic ties amid Brexit

Aug. 30, 2018 1:32 PM EDT

NAIROBI, Kenya (AP) — British Prime Minister Theresa May on Thursday became the first UK leader to visit Kenya in 30 years, bringing security and development funding to East Africa's commercial hub and neighboring Somalia as Britain seeks to boost economic ties ahead of a bumpy exit from the European Union...

European Central Bank: Slower growth likely temporary

Aug. 23, 2018 11:11 AM EDT

FRANKFURT, Germany (AP) — European Central Bank policymakers view slower-than-expected growth as a temporary hiccup and believe that the 19-country eurozone's upswing remains solid amid strengthening wage growth, the group said in a note released Thursday. The written account of the bank's July 26 meeting...