Latest Fiscal policy News

FILE - In this May 14, 2020, file photo security officers walk in front of the Supreme Court in Washington. (AP Photo/Andrew Harnik, File)

Supreme Court upholds Puerto Rico financial oversight board

Jun. 1, 2020 12:49 PM EDT

WASHINGTON (AP) — The Supreme Court on Monday upheld the oversight board established by Congress to help Puerto Rico out of a devastating financial crisis that has been exacerbated by the coronavirus outbreak, recent earthquakes and damage from Hurricane Maria in 2017. The justices reversed a lower court...

In this May 21, 2020, photo, grave diggers bury a body at Radwan Cemetery in Aden, Yemen. At a cemetery in Yemen’s largest southern city, dozens of fresh graves are a testament to a spike in deaths amid the coronavirus pandemic. The cemetery workers who bury them don’t know what killed the newly deceased. But there’s no denying that there's been an increasing number of people getting sick in the port city of Aden — likely from the coronavirus. (AP Photo)

The Latest: UN urges $2.4 billion in aid for war-torn Yemen

May. 29, 2020 1:31 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — UN urgently appeals for $2.4 billion to help Yemen cope...

FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)

White House punts economic update as election draws near

May. 29, 2020 12:06 AM EDT

WASHINGTON (AP) — The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...

FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)

White House punts economic update as election draws near

May. 28, 2020 5:58 PM EDT

WASHINGTON (AP) — The White House took the unusual step on Thursday of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...

Delegates stand during the closing session of China's National People's Congress (NPC) in Beijing, Thursday, May 28, 2020. China's ceremonial legislature has endorsed a national security law for Hong Kong that has strained relations with the United States and Britain. (AP Photo/Mark Schiefelbein)

Chinese lawmakers endorse Hong Kong national security law

May. 28, 2020 11:17 AM EDT

BEIJING (AP) — China’s legislature endorsed a national security law for Hong Kong on Thursday that has strained relations with the United States and Britain and prompted new protests in the territory. The National People’s Congress approved the bill as it wrapped up an annual session that was...

A women wearing a face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange, Thursday, May 28, 2020. Asian stocks are mixed after an upbeat open, as hopes for an economic rebound from the coronavirus crisis were dimmed by tensions between the U.S. and China over Hong Kong and other issues. (AP Photo/Vincent Yu)

Asian shares mixed after Wall Street rally; Hong Kong lower

May. 28, 2020 12:36 AM EDT

BANGKOK (AP) — Asian stocks were mixed after an upbeat open on Thursday, as investors pinned their hopes on an economic rebound from the coronavirus crisis. Shares rose in Tokyo, Sydney and Shanghai but dropped in Hong Kong, where tensions are flaring over Beijing’s effort to exert more control...

A medical worker collects a swab sample from a journalist for a COVID-19 test before the National People's Congress closing session and the Chinese Premier press conference in Beijing, on Thursday, May 28, 2020. (AP Photo/Ng Han Guan)

The Latest: South Korea's central bank lowers rate to 0.5%

May. 27, 2020 10:26 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — US deaths from coronavirus surpass 100,000 mark. —...

People hold a minute of silence for the victims of COVID-19 at Sol square in downtown Madrid, Spain, Wednesday, May 27, 2020. Flags are flying at half-mast on more than 14,000 public buildings in Spain as the European nation holds its first of 10 days of national mourning for the victims of the coronavirus. (AP Photo/Manu Fernandez)

What you need to know today about the virus outbreak

May. 27, 2020 8:51 PM EDT

Las Vegas casinos plan to welcome tourists again on June 4. South Korea on Wednesday announced a spike in new coronavirus infections and considered reimposing social distancing restrictions, revealing the potential setbacks ahead for others on the road to reopening. The European Union unveiled a massive stimulus...

FILE - In this April 22, 2020, file photo, pallbearers, who were among only 10 allowed mourners, walk the casket for internment at the funeral for Larry Hammond, who died from the coronavirus, at Mount Olivet Cemetery in New Orleans. Hammond was Mardi Gras royalty, and would have had hundreds of people marching behind his casket in second-line parades. (AP Photo/Gerald Herbert, File)

US death toll from coronavirus surges past 100,000 people

May. 27, 2020 8:16 PM EDT

HARTFORD, Conn. (AP) — The U.S. surpassed a jarring milestone Wednesday in the coronavirus pandemic: 100,000 deaths. That number is the best estimate and most assuredly an undercount. But it represents the stark reality that more Americans have died from the virus than from the Vietnam and Korean wars...

In this May 20, 2020, file photo, House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as Pelosi wants for the next relief bill or hit “pause” as Senate Majority Leader Mitch McConnell insists. (AP Photo/Manuel Balce Ceneta)

Deadlocked Congress shifts virus focus to small business aid

May. 26, 2020 6:31 PM EDT

WASHINGTON (AP) — Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small business aid in hopes of helping employers reopen shops and survive the pandemic. Bipartisan legislation that would give small employers more time to take advantage...