Latest Government policy News
What Trump's decision to wade into spending fight tells us about the next 4 years
WASHINGTON (AP) — After days of threats and demands, Donald Trump had little to show for it once lawmakers passed a budget deal in the early hours of Saturday, narrowly averting a pre-Christmas government shutdown. The president-elect successfully pushed House Republicans to...
Hungary's Orbán blames immigration and EU for the deadly attack in Germany
BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orbán on Saturday drew a direct link between immigration and an attack in Germany where a man drove into a Christmas market teeming with holiday shoppers, killing at least five people and injuring 200 others. During a rare...
Zimbabwe launches new land policy to empower Black farmers with direct farm ownership
HARARE, Zimbabwe (AP) — Zimbabwean President Emmerson Mnangagwa on Friday launched a new policy that will allow beneficiaries of land taken from white people under contentious land reforms to sell it and to be able to borrow from banks using it as collateral. This marks a major...
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
WEST PALM BEACH, Fla. (AP) — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. The Dow Jones stock index essentially ended Thursday flat after having posted 10 days...
Democratic governors hammered Trump before the election. Now they're hoping to work with him
ALBANY, N.Y. (AP) — They warned about him. Now they'll have to work with him. A handful of prominent Democratic governors are quickly adjusting their approach to President-elect Donald Trump before he takes office, hoping to avoid antagonizing him to ensure they'll have a working...
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
WASHINGTON (AP) — The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product...
Bank of England warns of 'heightened uncertainty' as it keeps interest rates on hold
LONDON (AP) — The U.K.’s central bank warned Thursday of “heightened uncertainty" as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best. The Bank of England’s nine-member Monetary Policy...
The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
NEW YORK (AP) — The Federal Reserve's third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. But with inflation pressures still elevated and with concern that...
Ontario's premier says Trump's tariffs would be a disaster for US markets
TORONTO (AP) — The premier of Canada's most populous province said Tuesday President-elect Donald Trump's plan to impose sweeping 25% tariffs on all Canadian products would be a "disaster" that would hurt U.S. stock markets. Ontario Premier Doug Ford also said in an interview with...
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased,...
