Latest Economic policy News

A man pushing a shopping cart with food on the street as South African National Defence Forces drive through a densely populated Alexandra township east of Johannesburg, South Africa, Saturday, March 28, 2020. South Africa went into a nationwide lockdown for 21 days in an effort to control the spread of the COVID-19 coronavirus. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Themba Hadebe)

'Complete collapse of economies' ahead as Africa faces virus

Apr. 5, 2020 5:57 AM EDT

KAMPALA, Uganda (AP) — Some of Uganda’s poorest people used to work here, on the streets of Kampala, as fruit sellers sitting on the pavement or as peddlers of everything from handkerchiefs to roasted peanuts. Now they're gone and no one knows when they will return, victims of a global economic...

FILE - In this Feb. 4, 2020, file photo, President Donald Trump look to the first lady's box before delivering his State of the Union address to a joint session of Congress in the House Chamber on Capitol Hill in Washington,  as Vice President Mike Pence and Speaker Nancy Pelosi watch. Trump and Pelosi have not spoken in five months at a time when the nation is battling its worst health crisis in a century. (Leah Millis/Pool via AP)

In time of crisis, Trump-Pelosi relationship remains broken

Apr. 3, 2020 7:40 PM EDT

WASHINGTON (AP) — Two of the most powerful people in Washington haven't spoken in five months at a time when the nation is battling its worst health crisis in a century, one that has already killed more than 6,000 Americans and put 10 million others out of work. President Donald Trump and House Speaker...

Kansas governor signs bill to launch new transportation plan

Apr. 3, 2020 6:10 PM EDT

TOPEKA, Kan. (AP) — Kansas Gov. Laura Kelly signed legislation Friday to launch a new, 10-year transportation program she and other officials see as a $10 billion stimulus to counter the economic damage from the coronavirus pandemic. The program will use use existing funds to pay for $1 billion a year in...

This combination of 2019 file photos shows U.S. Rep. Thomas Massie, R-Ky., left, in Washington, and Todd McMurtry, an attorney who represented a Kentucky student embroiled in media lawsuits after a viral encounter with a Native American activist, in Frankfort, Ky. In 2020, while Massie defends his lone-wolf effort to resist a $2.2 trillion coronavirus-relief package, McMurtry, his primary campaign opponent in Kentucky is pouncing with a new TV ad accusing the Republican incumbent of betraying President Donald Trump. (AP Photo/J. Scott Applewhite, Adam Beam)

Ad: Kentucky congressman betrayed Trump on virus relief bill

Apr. 3, 2020 12:56 PM EDT

FRANKFORT, Ky, (AP) — While U.S. Rep. Thomas Massie defends his lone-wolf effort to resist a $2.2 trillion coronavirus-relief package, his primary campaign opponent in Kentucky is pouncing with a new TV ad accusing the Republican incumbent of betraying President Donald Trump. With his ad, Todd McMurtry is...

Missouri hospitals on a financial brink now face coronavirus

Apr. 3, 2020 1:01 AM EDT

KANSAS CITY, Mo. (AP) — Randy Tobler says his Missouri hospital has until mid-May before it runs out of money — that’s the rosy projection, anyway. Tobler, chief executive of Scotland County Hospital in northeast Missouri, told The Kansas City Star he has about $1.7 million in cash, including...

An Impoverished Indians gives his finger print on a biometric machine after purchasing food ration in Prayagraj, India, Thursday, April 2, 2020. India is adding more resources to tackle its increase in coronavirus cases by announcing that private hospitals may be requisitioned to help treat virus patients, and turning railway cars and a motor racing circuit into makeshift quarantine facilities. The steps were taken after a nationwide lockdown announced last week by Prime Minister Narendra Modi led to a mass exodus of migrant workers from cities to their villages, often on foot and without food and water, raising fears that the virus may have reached to the countryside, where health care facilities are limited. (AP Photo/Rajesh Kumar Singh)

The Latest: India's PM looks to boost country's morale

Apr. 3, 2020 12:38 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: — India's PM urges citizens to light candles Sunday night to...

A woman and child walk past North Salem High School on Tuesday, March 31, 2020, which like all schools in Oregon, is closed until April 28, 2020, because of the coronavirus. Facing an expected closure through the end of the academic year, schools across Oregon have been told to begin distance learning on April 13, 2020. (AP Photo/Andrew Selsky)

Oregon health officer: Spike in virus cases can be averted

Apr. 2, 2020 9:45 PM EDT

SALEM, Ore. (AP) — As the COVID-19 pandemic claims a record number of jobs, Oregon's health officer shared good news Thursday: Modeling shows the state won't see a huge rise in cases as long as stay-at-home orders are heeded. Dean Sidelinger, who is also state epidemiologist with the Oregon Health...

In this March 27, 2020, photo, House Speaker Nancy Pelosi of Calif., walks to her office after signing the Coronavirus Aid, Relief, and Economic Security (CARES) Act on Capitol Hill in Washington. President Donald Trump wants to spend $2 trillion on infrastructure projects to create jobs and help the collapsing economy rebuild from the coronavirus' stunning blows. Pelosi says that seems about right. Sounds like the prelude to a bipartisan deal. Except that when it comes to trying to upgrade the country's road, rail, water and broadband systems, Washington frequently veers off the tracks — usually over the bill's contents and how to pay for it. (AP Photo/Andrew Harnik)

Record jobless claims but Dems, GOP divide over rescue bill

Apr. 2, 2020 6:42 PM EDT

WASHINGTON (AP) — Fresh data on Thursday that detailed a record avalanche of unemployment claims offered no signs of easing the rift between Democrats and Republicans over the need for new legislation financing infrastructure and other job-creation programs. With the coronavirus barreling across the...

In this Wednesday, April 1, 2020 photo, Ryan Eble, left, and his father, Chris, talk in their milk house while fresh milk gushes down a drain at the Eble family's Golden E Dairy near West Bend, Wis. Many dairy processing plants across Wisconsin have more product than they can handle and that's forced farmers to begin dumping their milk down the drain. The Eble's are forced to dump 25,000 gallons of milk a day from their 2400 milling cows. The coronavirus has dried up the marketplace for dairy products as restaurants, schools and business in food service have been closed.  (Mark Hoffman/Milwaukee Journal-Sentinel via AP)

Dairy farmers begin to flush away milk due to coronavirus

Apr. 2, 2020 6:25 PM EDT

WEST BEND, Wis. (AP) — Many dairy processing plants across Wisconsin have more product than they can handle and that's forced farmers to begin dumping their milk down the drain. That's the case at Golden E Dairy near West Bend. Farmer Ryan Elbe told WISN-TV they are dumping about about 30,000 gallons...

Lauren Friel, owner of Rebel Rebel Wine Bar, in Somerville, Mass., stands for a portrait at the wine bar, Thursday, April 2, 2020. An Associated Press review of the small business aid passed by Congress as part of its coronavirus stimulus package shows that larger companies could quickly claim a disproportionate share of the money, squeezing out many small, locally-based businesses. (AP Photo/Steven Senne)

Stimulus aid for 'small business' will go to some big chains

Apr. 2, 2020 4:09 PM EDT

IOWA CITY, Iowa (AP) — As the federal government prepares to launch a $349 billion loan program meant to help small businesses survive the coronavirus pandemic, critics have growing concerns that some mom-and-pop shops might get squeezed out. The Paycheck Protection Program — part of the $2 trillion...