Latest Government policy News

Stocks fall on Wall Street as turbulent trading persists

Jul. 06, 2022 12:50 PM EDT

NEW YORK (AP) — Stocks turned lower in afternoon trading on Wall Street Wednesday as worries about inflation, rising interest rates and a potential recession weigh on the broader market. The S&P 500 fell 0.3% as of 12:43 p.m. Eastern. The Dow Jones Industrial Average fell 119...

Russian foreign minister stops in Vietnam ahead of G-20

Jul. 06, 2022 08:53 AM EDT

HANOI, Vietnam (AP) — Russian Foreign Minister Sergey Lavrov visited Vietnam on Wednesday as part of an effort to bolster ties with a country that has not openly condemned its invasion of Ukraine or imposed sanctions against it. Lavrov, on his way to the Indonesian island of Bali...

Marcos plays balancing act in meeting with China's FM

Jul. 06, 2022 07:55 AM EDT

MANILA, Philippines (AP) — New Philippine President Ferdinand Marcos Jr. met with China’s top diplomat Wednesday to take up long-simmering disputes in the South China Sea, as he waded into foreign policy dilemmas that include the U.S.-China rivalry in the region. Chinese Foreign...

OPEC secretary-general dies, just weeks shy of departure

Jul. 06, 2022 06:36 AM EDT

ABUJA, Nigeria (AP) — The Secretary-General of the Organization of Petroleum Exporting Countries has died, Nigerian authorities and the oil cartel announced Wednesday. Only hours before his death, he'd met with Nigeria's president and spoken in defense of the energy industry amid increasing...

Asian benchmarks mostly lower after tepid Wall St session

Jul. 06, 2022 00:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday after tepid trading on Wall Street amid worries about a global recession. Major benchmarks fell across Asia. Oil prices recouped some lost ground after plunging on Monday. Analysts said markets were focusing on a variety of...

Sri Lanka's crisis rings alarm for other troubled economies

Jul. 06, 2022 00:23 AM EDT

BANGKOK (AP) — Sri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and teachers to classrooms. Its effort to arrange a bailout from the International Monetary Fund has been hindered by the severity of its financial...

Federal appeals court greenlights federal deportation policy

Jul. 05, 2022 19:12 PM EDT

COLUMBUS, Ohio (AP) — Federal guidance prioritizing the deportation of people in the country illegally who pose the greatest public safety risk can be implemented, a federal appeals court ruled Tuesday. At issue is a September directive from the U.S. Department of Homeland Security...

Capitol quiet during 5th day without new Pennsylvania budget

Jul. 05, 2022 18:08 PM EDT

HARRISBURG, Pa. (AP) — Most Pennsylvania lawmakers were absent from the state Capitol on Tuesday, five days into the new budget year without a state government spending agreement in place. Leaders were hoping negotiations would wrap up over the coming days and the House announced...

NC court: Restaurants can't get insurance payouts for virus

Jul. 05, 2022 15:00 PM EDT

RALEIGH, N.C. (AP) — Over a dozen North Carolina restaurants that closed during the coronavirus pandemic when government orders restricted their services can't be recompensed for those financial losses through their commercial insurance policies, the state Court of Appeals ruled on Tuesday. ...

Russia foreign minister visits Mongolia in drive for support

Jul. 05, 2022 06:59 AM EDT

BEIJING (AP) — Russian Foreign Minister Sergey Lavrov met with leaders in Mongolia on Tuesday during a trip to Asia to seek support amid his country’s diplomatic isolation by the West and punishing sanctions leveled over its invasion of Ukraine. Lavrov met with Mongolian Foreign...