Latest Economy News

European Commission President Ursula von der Leyen makes a statement on camera regarding Brexit negotiations, after a phone call with British Prime Minister Boris Johnson, at EU headquarters in Brussels, Saturday, Dec. 5, 2020. (Julien Warnand)

Crunch UK-EU talks on post-Brexit ties to resume Sunday

Dec. 5, 2020 4:13 PM EST

LONDON (AP) — The European Union and the United Kingdom decided Saturday to press on with negotiating a post-Brexit trade deal, with all three key issues still unresolved ahead of a year-end cutoff. European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson said after a...

Keli Paaske stands outside her home in Olathe, Kan. Friday, Dec. 4, 2020. Paaske was laid off in August from a company supplying fire doors to hospitals after being furloughed for five months and has struggled to find a new job. (AP Photo/Charlie Riedel)

A bleak outlook for millions facing cutoff of US jobless aid

Dec. 5, 2020 12:02 PM EST

INDIANAPOLIS (AP) — Tina Morton recently faced a choice: Pay bills — or buy a birthday gift for a child? Derrisa Green is falling further behind on rent. Sylvia Soliz has had her electricity cut off. Unemployment has forced aching decisions on millions of Americans and their families in the face of...

A man casts heis vote for parliamentary elections in the town of Hawally, Kuwait, Saturday, Dec. 5, 2020. (AP Photo/Jaber Abdulkhaleg)

Kuwait votes for parliament amid economic, virus challenges

Dec. 5, 2020 6:29 AM EST

KUWAIT CITY (AP) — Kuwait voted Saturday for its National Assembly, the first election since the death of its longtime ruling emir and as the oil-rich nation faces serious economic problems under the coronavirus pandemic. This tiny country's hundreds of thousands of voters selected lawmakers for 50 seats...

In this image from video, Rep. Marcia Fudge, D-Ohio, speaks on the floor of the House of Representatives at the U.S. Capitol in Washington, Thursday, April 23, 2020. Two Democratic women are contenders to be President-elect Joe Biden's secretary of agriculture. Rep. Marcia Fudge of Ohio and former Sen. Heidi Heitkamp of North Dakota are in the running for the Cabinet position. (House Television via AP)

Biden weighs pick for agriculture chief from diverse slate

Dec. 5, 2020 12:23 AM EST

WASHINGTON (AP) — One leading candidate for agriculture secretary hails from Cleveland, has the backing of progressives and has worked for years to boost food stamp programs. Another is a former senator from farm-state North Dakota who has championed production agriculture and boasts of a voting record...

House Speaker Nancy Pelosi, of Calif., speaks during her weekly briefing, Friday, Dec. 4, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

COVID-19 relief: What's on the table as Congress seeks deal

Dec. 5, 2020 12:08 AM EST

WASHINGTON (AP) — After numerous fits and starts and months of inaction, optimism is finally building in Washington for a COVID-19 aid bill that would offer relief for businesses, the unemployed, schools, and health care providers, among others struggling as caseloads are spiking. Under pressure from...

President-elect Joe Biden speaks about jobs at The Queen theater, Friday, Dec. 4, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

The Latest: Female lawmakers want Flournoy as defense chief

Dec. 4, 2020 8:05 PM EST

WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): 8:05 p.m. More than a half dozen Democratic congresswomen have sent an open letter to President-elect Joe Biden urging him to make Michèle Flournoy the country's first female defense secretary. They say in the letter dated...

FILE- In this March 31, 2020 file photo, members of the Connecticut Air and Army National Guard unload hospital supplies referred to as

The Latest: Conn. extends pandemic jobless benefit to 38,000

Dec. 4, 2020 7:26 PM EST

HARTFORD, Conn. — Connecticut Gov. Ned Lamont has signed an order allowing the state Department of Labor to expand eligibility for a federal pandemic unemployment program to an estimated 38,000 people who were previously disqualified. Under Friday’s order, $7.5 million from the state’s...

FILE - In this Oct. 15, 2020, file photo Secretary of Education Betsy DeVos speaks at the Phoenix International Academy in Phoenix. DeVos has extended the moratorium on student loan payments and the accrual of interest until Jan. 31, 2021. (AP Photo/Matt York, File)

DeVos suspends student federal loan payments through January

Dec. 4, 2020 7:21 PM EST

The Trump administration on Friday suspended all federal student loan payments through the end of January and kept interest rates at 0%, extending a moratorium that started early in the pandemic but was set to expire at the end of this month. By extending payments by one month, the administration is effectively...

House Speaker Nancy Pelosi, of Calif., speaks during her weekly briefing, Friday, Dec. 4, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

COVID-19 relief: What's on the table as Congress seeks deal

Dec. 4, 2020 7:03 PM EST

WASHINGTON (AP) — After numerous fits and starts and months of inaction, optimism is finally building in Washington for a COVID-19 aid bill that would offer relief for businesses, the unemployed, schools, and health care providers, among others struggling as caseloads are spiking. Under pressure from...

President-elect Joe Biden speaks about jobs at The Queen theater, Friday, Dec. 4, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)

Biden predicts 'bleak future' if Congress doesn't act on aid

Dec. 4, 2020 5:10 PM EST

WILMINGTON, Del. (AP) — President-elect Joe Biden is predicting a “bleak future” if Congress doesn't take speedy action on a coronavirus aid bill amid a nationwide spike in the virus that's hampering the country's economic recovery. He also expressed concern that so far he’s seen...