Latest Government policy News

Australia's next prime minister came from humble beginnings

May. 21, 2022 23:12 PM EDT

CANBERRA, Australia (AP) — Australia's Prime Minister-elect Anthony Albanese is a politician molded by his humble start to life as the only child of a single mother who raised him on a pension in gritty inner-Sydney suburbia. He is also a hero of multicultural Australia, describing...

Australian Labor topples conservatives; PM faces early tests

May. 21, 2022 12:13 PM EDT

CANBERRA, Australia (AP) — Australia’s center-left opposition party toppled the conservative government after almost a decade in power, and Prime Minister-elect Anthony Albanese in his Saturday election victory speech promised sharper reductions in greenhouse gas emissions while he faces an...

Biden risks troubled Americas summit in Los Angeles

May. 21, 2022 00:27 AM EDT

WASHINGTON (AP) — While President Joe Biden travels in Asia, his administration is scrambling to salvage next month’s summit focused on Latin America. The Summit of the Americas, which the United States is hosting for the first time since the inaugural event in 1994, has risked...

Final-hour rally yanks Wall Street from maw of bear market

May. 20, 2022 21:57 PM EDT

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much...

Kirby to lead Biden's national security communications team

May. 20, 2022 20:31 PM EDT

WASHINGTON (AP) — President Joe Biden on Friday named Pentagon press secretary John Kirby to be the new National Security Council coordinator for strategic communications. Kirby "will coordinate interagency efforts to explain United States policy and will serve as a senior...

The AP Interview: US trade rep. sees opportunity in recovery

May. 20, 2022 20:13 PM EDT

BANGKOK (AP) — With world economies all suffering from more than two years of the coronavirus pandemic and global supply problems exacerbated by Russia’s invasion of Ukraine, the United States has an “incredible opportunity” to engage with other nations on a common playing field and forge...

US stocks got close to a bear market. Here’s what that means

May. 20, 2022 16:46 PM EDT

NEW YORK (AP) — The bear came close to Wall Street but then backed off. The stock market’s slump this year briefly pulled the S&P 500 into what's known as a bear market Friday, before a late rally put the index in the green. The prevailing sentiment among investors remains...

Biden's approval dips to lowest of presidency: AP-NORC poll

May. 20, 2022 13:13 PM EDT

President Joe Biden’s approval rating dipped to the lowest point of his presidency in May, a new poll shows, with deepening pessimism emerging among members of his own Democratic Party. Only 39% of U.S. adults approve of Biden’s performance as president, according to the poll...

N Ireland party leader pans Pelosi's warning on Brexit terms

May. 20, 2022 09:37 AM EDT

LONDON (AP) — U.S. House Speaker Nancy Pelosi is facing criticism from the leader of Northern Ireland’s biggest unionist party after saying Congress won’t approve a trade deal with the U.K. if Britain scraps the agreement governing post-Brexit trade on the Irish island. The...

Biden in Asia: New friends, old tensions, storms at home

May. 20, 2022 08:36 AM EDT

SEOUL, South Korea (AP) — President Joe Biden hopes to use his visit to Asia to confirm his belief that long-standing friendships can afford to become even friendlier — and pay dividends. He opened the trip in South Korea on Friday and will end in Japan next week at a time when world events are...