Latest Economic policy News

California inks contract with new 40K-member childcare union

Jul. 23, 2021 18:37 PM EDT

SACRAMENTO, Calif. (AP) — At a time when labor unions are struggling across the United States, California on Friday signed a first-time contract with 40,000 childcare providers under a new collective bargaining agreement. With his signature, Democratic Gov. Gavin...

NY releases some rent aid, but lawmakers say it's too little

Jul. 22, 2021 17:45 PM EDT

ALBANY, N.Y. (AP) — New York state has sent out just $117,000 in coronavirus pandemic rent relief money to help bail out struggling landlords and tenants as of Thursday, and lawmakers say that is far too little as the expiration of the state's eviction moratorium nears. ...

TAKEAWAYS: Ex-utility regulator had outsized role in scheme

Jul. 22, 2021 17:42 PM EDT

CLEVELAND (AP) — A statement of facts included with FirstEnergy's deferred prosecution agreement announced Thursday by the U.S. Attorney's Office in Cincinnati sheds new light on the role a former utility regulator played in a $60 million corruption scheme involving the Akron-based company....

ECB says low rates to stay until the job is done

Jul. 22, 2021 08:57 AM EDT

FRANKFURT, Germany (AP) — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target. The...

UK irks EU with call to change post-Brexit trade rules

Jul. 21, 2021 15:08 PM EDT

LONDON (AP) — The British government said Wednesday that post-Brexit trade rules it negotiated with the European Union “cannot go on” and need a major rewrite, straining already tense U.K.-EU relations and drawing a message of concern from the U.S. government. The...

Editorial Roundup: U.S.

Jul. 21, 2021 11:11 AM EDT

Excerpts from recent editorials in the United States and abroad: July 20 The Wall Street Journal on billionaires in space — more than a joy ride: The richest man on Earth briefly lost that title Tuesday morning, but only because...

State urges fishing industry to apply for $24M in virus aid

Jul. 21, 2021 08:55 AM EDT

BOSTON (AP) — Massachusetts' fishing industry is being urged to apply for nearly $24 million in federal coronavirus relief funds. Gov. Charlie Baker's administration said Tuesday that commercial fishermen, shellfish farmers and seafood processors, and for-hire...

Biden's 3rd trip to reddish Ohio pushes his economic agenda

Jul. 21, 2021 07:13 AM EDT

WASHINGTON (AP) — President Joe Biden just can't quit Ohio — even if it rejected him in last year's election. The Democrat travels to Cincinnati on Wednesday to push his economic policies. It's the third visit of his presidency to Ohio, the only state he lost that he...

Japanese envoy says Tokyo 'struggles every day' with China

Jul. 21, 2021 01:20 AM EDT

CANBERRA, Australia (AP) — Japan’s relationship with China was no better than notoriously strained Sino-Australian relations, the Japanese ambassador to Australia said on Wednesday. Japan’s ties with China are often held up as an example to Australia of how...

State using $186M of COVID funds for health care, workforce

Jul. 19, 2021 16:08 PM EDT

BOSTON (AP) — Massachusetts will use $186 million in federal aid for the coronavirus pandemic to help struggling hospitals, bolster the local health care workforce and invest in workforce training efforts, Republican Gov. Charlie Baker announced Monday. The governor...