Latest Fiscal policy News

A man walks on Wall Street, Thursday, July 16, 2020 in New York. Stocks are opening broadly lower on Wall Street Thursday, extending weakness in overseas markets.  (AP Photo/Mark Lennihan)

Wall Street drifts lower as markets retreat worldwide

Jul. 16, 2020 12:23 PM EDT

NEW YORK (AP) — Wall Street is drifting lower Thursday after mixed reports on the economy highlighted its uncertain path, including one showing that layoffs continue at a stubbornly steady pace. The S&P 500 was 0.6% lower in early afternoon trading, following up on declines across Europe and Asia, as...

A group of ultra-Orthodox Jewish youth wear protective face masks following government measures to help stop the spread of the coronavirus, as they walk in Jerusalem's Old City, Thursday, July 16, 2020. (AP Photo/Oded Balilty)

As Israel virus cases surge, government weighs new lockdown

Jul. 16, 2020 9:40 AM EDT

TEL AVIV, Israel (AP) — Israel's prime minister said Thursday he is meeting with senior officials to discuss “interim steps” to try and contain a coronavirus surge without having the country return to a general lockdown as the number of new cases reaches record levels. Large demonstrations...

European Central Bank leaves stimulus programs unchanged ahead of a key meeting of EU leaders on economic recovery plan

Jul. 16, 2020 7:51 AM EDT
FRANKFURT, Germany (AP) — European Central Bank leaves stimulus programs unchanged ahead of a key meeting of EU leaders on economic recovery plan.
FILE - in this March 22, 2019, file photo, from left to right, Thailand's Suwit Mesinsee, Uttama Savanayana, Sontirat Sontijirawong and Kobsak Pootrakul, arrive for a campaign rally ahead of general elections in Bangkok, Thailand. Four key ministers in Cabinet announced their resignations Thursday, July 16, 2020 as a military clique within the ruling party continues to consolidate power. The most prominent member to depart was Somkid, a deputy prime minister who has been in several governments during the past 19 years and who has been overseeing recent economic stimulus packages. (AP Photo/Sakchai Lalit, File)

4 Thai Cabinet ministers resign after party leader shakeup

Jul. 16, 2020 5:07 AM EDT

BANGKOK (AP) — Four key ministers in Thailand's Cabinet announced their resignations Thursday, as a military clique within the ruling coalition's most powerful political party continues to consolidate power. The most prominent member to depart was Somkid Jatusripitak, a deputy prime minister who has been...

Rails of a subway line are seen in Frankfurt, Germany, as the sun rises Saturday, June 27, 2020. (AP Photo/Michael Probst)

German railway orders 30 high-speed trains for $1.1 billion

Jul. 15, 2020 6:07 AM EDT

BERLIN (AP) — Germany's national railway operator is ordering 30 new high-speed trains from industrial conglomerate Siemens for some 1 billion euros ($1.1 billion). State-owned Deutsche Bahn said Wednesday that the new ICE trains will go into service from 2022, initially between the populous western North...

Helge Braun Head of Federal Chancellery and German Minister for Special Task answered questions during an interview with the Associated Press at the chancellery in Berlin, Germany, Tuesday, July 14, 2020. Helge Braun, says Germany has managed to flatten the curve of new coronavirus infections to three per 100,000 inhabitants a week, a very low rate by international comparison, and that the country can avoid a 'second wave' of infections in the fall if citizens keep following rules on social distancing, wearing masks and, if necessary, quarantining in areas that experience spikes in new cases. (AP Photo/Markus Schreiber)

Germany eyes local travel bans to prevent 2nd virus wave

Jul. 14, 2020 2:42 PM EDT

BERLIN (AP) — The government official overseeing Germany's pandemic response expressed confidence Tuesday that his country can avoid a second big wave of coronavirus cases if people respect rules such as social distancing and wearing masks, but also floated the idea of local quarantines to curb fresh...

Hungary lawmakers back Orban's position on EU recovery plan

Jul. 14, 2020 11:58 AM EDT

BUDAPEST, Hungary (AP) — Hungarian lawmakers passed a resolution Tuesday calling on Prime Minister Viktor Orban’s populist government to ensure that the European Union’s economic stimulus plan meets certain conditions, including the fair distribution of funds among richer and poorer countries...

German Chancellor Angela Merkel, left, and Italian Prime Minister Guiseppe Conte, right, talk prior to a meeting at the German government's guest house 'Meseberg' in Gransee, north of Berlin, Germany, Monday, July 13, 2020. (Tobias Schwarz/Pool Photo via AP)

Merkel: 2nd summit may be needed to forge EU stimulus deal

Jul. 13, 2020 2:39 PM EDT

BERLIN (AP) — “Bridges still need to be built” between European Union countries at odds over plans for a massive stimulus package to help the bloc's economies recover from the coronavirus pandemic, German Chancellor Angela Merkel said Monday, warning that if a summit this week doesn't result...

Prime Minister Justin Trudeau arrives for a news conference on the COVID-19 pandemic outside his residence at Rideau Cottage in Ottawa, Thursday, June 18, 2020. (Justin Tang/The Canadian Press via AP)

Canada predicts historic deficit due to pandemic spending

Jul. 8, 2020 4:41 PM EDT

OTTAWA (AP) — The Canadian government is predicting a historic CDN$343 billion (US$254 billion) deficit for 2020-21 resulting from its economic and stimulus plans to battle COVID-19. The amount, included in a fiscal “snapshot” the Liberal government released Wednesday, is a huge jump from the...

British Chancellor of the Exchequer Rishi Sunak leaves number 11 Downing Street, to deliver a financial announcement to the Houses of Parliament in London, Wednesday, July 8, 2020. British Treasury chief Rishi Sunak on Wednesday is set to announce a 2-billion-pound ($2.5 billion) program to create jobs for young people as the government tries to revive an economy battered by the COVID-19 pandemic. (AP Photo/Matt Dunham)

UK gets creative: Job bonus and eating out schemes announced

Jul. 8, 2020 1:46 PM EDT

LONDON (AP) — The British government unveiled a raft of measures Wednesday it hopes will limit an anticipated spike in unemployment as a result of the coronavirus pandemic. Most noteworthy were a new bonus plan aimed at getting firms to retain workers that have been idle for months, as well as tax cuts for...