Latest Economic stimulus News

Asian leaders at economic summit vow to help Afghanistan

Nov. 28, 2021 14:13 PM EST

ASHGABAT, Turkmenistan (AP) — The leaders of several Asian countries called for boosting their economic ties and pledged to provide assistance to Afghanistan during a summit in Turkmenistan on Sunday. The countries, which are part of the 10-member Economic Cooperation...

Japan seeks extra defense budget amid China, N Korea concern

Nov. 26, 2021 06:45 AM EST

TOKYO (AP) — Japan’s Cabinet on Friday approved a 770 billion yen ($6.8 billion) request for an extra defense budget through March to expedite the purchase of missiles, anti-submarine rockets and other weapons amid rising concern over the escalation of military activities by China, Russia...

Asian stocks down after Fed says ready to act on inflation

Nov. 24, 2021 22:50 PM EST

BEIJING (AP) — Asian stock markets fell Thursday after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation. Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney declined. Tokyo advanced. ...

Fed's Powell will aim to win a high-stakes bet in 2nd term

Nov. 23, 2021 06:56 AM EST

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell gambled last year that his ultra-low rate policies would help revive an economy that had sunk deep into a pandemic-induced recession. So far, his bet has mostly paid off. Growth and hiring have rebounded faster than...

Japan Cabinet OKs record stimulus package to fix economy

Nov. 19, 2021 08:15 AM EST

TOKYO (AP) — Japan's Cabinet approved on Friday a record 56 trillion yen ($490 billion) stimulus package, including cash handouts and aid to ailing businesses, to help the economy out of the doldrums worsened by the coronavirus pandemic. “The package has more than...

Asian shares mixed after US inflation report

Nov. 10, 2021 22:56 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a worrisome report on U.S. inflation that slammed into the bond market and knocked stocks lower on Wall Street. In Japan, where investors are awaiting an economic stimulus package from newly elected Prime Minister...

Heavy burden for consumers as holidays near: Soaring prices

Nov. 10, 2021 14:57 PM EST

WASHINGTON (AP) — A worsening surge of inflation for such bedrock necessities as food, rent, autos and heating oil is setting Americans up for a financially difficult Thanksgiving and holiday shopping season. Prices for U.S. consumers jumped 6.2% in October compared...

Biden faces fresh challenges after infrastructure victory

Nov. 08, 2021 14:05 PM EST

WASHINGTON (AP) — He has been here before. President Joe Biden doesn't need to look any further back than his time as vice president to grasp the challenges that lie ahead in promoting his new $1 trillion infrastructure deal to the American people and getting the money...

North Dakota lawmakers to consider money for gas pipeline

Nov. 06, 2021 16:47 PM EDT

BISMARCK, N.D. (AP) — A proposal to use $150 million in federal stimulus money to build another pipeline to carry natural gas from the Bakken region to eastern North Dakota will be on the table as state lawmakers convene at the Capitol. Lawmakers plan to divvy up $1...

Globe bounces back to nearly 2019 carbon pollution levels

Nov. 03, 2021 21:24 PM EDT

GLASGOW, Scotland (AP) — The dramatic drop in carbon dioxide emissions from the pandemic lockdown has pretty much disappeared in a puff of coal-fired smoke, much of it from China, a new scientific study found. A group of scientists who track heat-trapping gases that...