Latest Economic policy News
Jimmy Carter at 100: A century of changes for a president, the US and the world since 1924
Already the longest-lived of the 45 men to serve as U.S. president, Jimmy Carter is about to reach the century mark. The 39th president, who remains under home hospice care, will turn 100 on Tuesday, Oct. 1, celebrating in the same south Georgia town where he was born in 1924. ...
Mexico's president touts austerity on his way out of office but lavishes largesse on friends
MEXICO CITY (AP) — Mexico’s outgoing president has always taken pride in his reputation as a penny-pincher but on Friday, three days before leaving office, Andrés Manuel López Obrador announced generous cash giveaways for his allies in a radical union movement. It was part of...
Trump favors huge new tariffs. What are they, and how do they work?
WASHINGTON (AP) — Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. The former president and current Republican nominee asserts that tariffs — basically import taxes — will...
Official report says Argentina's poverty rate has spiked to 53% in first six months of austerity under President Milei
Trump listens during a farming event in rural Pennsylvania, then threatens John Deere with tariffs
SMITHTON, Pa. (AP) — Donald Trump sat in a large barn in rural Pennsylvania on Monday, asking questions of farmers and offering jokes but, in a rarity for his campaign events, mostly listening. The bombastic former president was unusually restrained at an event about China's...
The Bank of England is widely expected to hold interest rates as inflation stays above target
LONDON (AP) — The Bank of England is widely expected to keep interest rates unchanged on Thursday, a day after official figures showed inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills. ...
Argentina's President Milei presents 2025 budget, vowing austerity and setting up a showdown
BUENOS AIRES, Argentina (AP) — Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country's chronic fiscal deficit and signaled a new phase of confrontation with lawmakers. ...
Hungary prepared to sue EU executive for border protection costs, minister says
BUDAPEST, Hungary (AP) — Hungary is exploring legal avenues for forcing the European Union’s executive commission to reimburse it for funds it has spent on border protection, a minister said on Thursday, potentially deepening a conflict with the EU over Hungary's restrictive immigration and...
Sudan accuses UAE of arming rivals and prolonging war, UAE accuses Sudan of refusing to talk peace
UNITED NATIONS (AP) — The Sudanese government accused the United Arab Emirates on Wednesday of providing weapons to its rival paramilitary force and prolonging the 17-month war. The UAE called the allegations “utterly false” and “baseless” and accused the government of refusing to...
Biden says rural electrification and internet improvements underscore 'American comeback'
WESTBY, Wisconsin (AP) — President Joe Biden traveled to rural southwest Wisconsin on Thursday to champion new investments in electrification and expanded high-speed internet, proclaiming that “all these investments mean family farms can stay in the family.” In the town of...