Latest Government subsidies News

Dems want to tax high earners to protect Medicare solvency

Jul. 07, 2022 10:53 AM EDT

WASHINGTON (AP) — Senate Democrats want to boost taxes on some high earners and use the money to extend the solvency of Medicare, the latest step in the party's election-year attempt to craft a scaled-back version of the economic package that collapsed last year, Democratic aides told The...

Inflation pushed 71M people into poverty since Ukraine war

Jul. 07, 2022 04:58 AM EDT

DUBAI, United Arab Emirates (AP) — A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia's invasion of Ukraine, the United Nations Development Program said in a report Thursday. ...

Sri Lanka's crisis rings alarm for other troubled economies

Jul. 06, 2022 00:23 AM EDT

BANGKOK (AP) — Sri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and teachers to classrooms. Its effort to arrange a bailout from the International Monetary Fund has been hindered by the severity of its financial...

McConnell warns Dems of fallout for reviving Biden bill

Jun. 30, 2022 20:22 PM EDT

WASHINGTON (AP) — Senate Republican leader Mitch McConnell threatened Thursday to derail a bill designed to boost semiconductor manufacturing in the United States if Democrats revive their stalled package of energy and economic initiatives. The rejuvenation of the Democratic...

Fuel, transport subsidies help keep German inflation at 7.6%

Jun. 29, 2022 10:36 AM EDT

BERLIN (AP) — Inflation in Germany eased slightly in June compared to the previous month, in part due to new subsidies that helped rein in the price of gasoline and public transport. Official figures released Wednesday show inflation hit 7.6% this month, down from 7.9% in May,...

Alaska governor outlines finalized state budget

Jun. 28, 2022 20:27 PM EDT

JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy announced a finalized state budget Tuesday that he said will pay off the state's lingering oil and gas tax credits and invest in areas such as public safety, education and infrastructure. Dunleavy, a Republican who faces reelection...

Germany to charge most citizens for COVID-19 rapid tests

Jun. 24, 2022 09:21 AM EDT

BERLIN (AP) — Germany will start charging for rapid COVID-19 tests that were previously free, though vulnerable groups will be exempt from the fee. Health Minister Karl Lauterbach said Friday that starting July 1 the rapid tests widely available at centers across Germany will cost...

Japan suspect in COVID relief fraud deported by Indonesia

Jun. 22, 2022 08:22 AM EDT

TOKYO (AP) — A Japanese man accused of defrauding the government of 1 billion yen ($7.3 million) intended for small Japanese businesses hurt by the coronavirus pandemic was arrested on board a flight Wednesday after being deported from Indonesia, where he fled 1 1/2 years ago. ...

WTO talks down to the wire with no major deals yet in sight

Jun. 16, 2022 11:54 AM EDT

GENEVA (AP) — Talks went down to the wire Thursday as the World Trade Organization was set to wrap up its first ministerial-level meeting in more than four years, with no firm deal so far on issues like food security, the fight against overfishing in the seas, and efforts to broaden access to...

Public workers strike in Tunisia, signaling national crisis

Jun. 16, 2022 11:25 AM EDT

TUNIS, Tunisia (AP) — A nationwide public sector strike in Tunisia is poised to paralyze land and air transportation and other vital activities Thursday with the North African nation already in the midst of a deteriorating economic crisis. Tunisia’s powerful General Labour Union...