Fiscal policy

FILE - In this file photo dated Wednesday, March 11, 2020, Pedestrians wearing face masks pass the Bank of England in London. In forecasts published Thursday May 7, 2020, The Bank of England has warned that the British economy could be nearly a third smaller by the end of the first half of this year as a result of the coronavirus pandemic, but also notes the economy could revive quickly. (AP Photo/Matt Dunham, FILE)
May 07, 2020 - 1:09 pm
LONDON (AP) — The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction since the Spanish War of Succession a little over three centuries ago as a result of the coronavirus pandemic, before roaring back next year. In what it describes as a “plausible”...
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FILE - in this Wednesday, April 22, 2020 file photo, a man with a face mask and a child with an European flag attend an event of the Pulse of Europe movement to collect signatures for more support for Italy during the coronavirus and the COVID-19 outbreak in front of the Italian embassy in Berlin, Germany. European Union leaders are preparing for a new virtual summit, which will take place Thursday, April 23, 2020, to take stock of the damage the coronavirus has inflicted on the lives and livelihoods of the bloc's citizens and to thrash out a more robust plan to revive their ravaged economies. (AP Photo/Markus Schreiber, File)
April 23, 2020 - 7:11 am
BRUSSELS (AP) — European Union leaders are set to weigh Thursday the damage the coronavirus has inflicted on health care systems and the lives of around half a billion citizens across the bloc as they struggle to devise a more robust plan to resuscitate their ravaged economies. As businesses...
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April 22, 2020 - 5:13 pm
NEW YORK (AP) — The idea of taking government money was once anathema to news organizations that guarded their independence, but attitudes change when survival is at stake. Axios disclosed to readers of its daily newsletter on Wednesday that it had received a small business loan as part of the...
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FILE - In this July 18, 2019, file photo, former Vice President Al Gore speaks at Fordham University in New York. Gore endorsed Joe Biden’s White House bid on Wednesday, April 22, 2020, declaring that choosing the presumptive Democratic nominee over President Donald Trump is “not rocket science” and “not a close call.” (AP Photo/Richard Drew, File)
April 22, 2020 - 12:40 pm
ATLANTA (AP) — Former Vice President Al Gore, now one of the world's leading climate activists, endorsed Joe Biden’s White House bid on Wednesday, declaring that choosing the presumptive Democratic nominee over President Donald Trump is “not rocket science” and “not a close call.” “This is the...
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Tokyo 2020 Organizing Committee President Yoshiro Mori, left, and CEO Toshiro Muto, right, attend teleconference with International Olympic Committee member John Coates, who heads the inspection team for Tokyo Olympics, in Tokyo Thursday, April 16, 2020. Tokyo Olympic organizers and the IOC said Thursday they will cut some of the extras out of next year’s postponed games, an attempt to limit what is expected to be billions of dollars in added expenses.(Kazuhiro Nogi/Pool Photo via AP)
April 17, 2020 - 7:43 am
TOKYO (AP) — IOC member John Coates, who oversees planning for next year's Tokyo Olympics, has claimed the postponed games could help “kick start” Japan’s economy. Japan has been devastated like many countries by the coronavirus pandemic and could be in a recession when the Olympics are to open on...
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In this April 15, 2020 photo, people wear facemasks to protect against the spread of the new coronavirus cleans as they ride an escalator at a shopping mall in Beijing. China has reported its biggest economic decline since the 1970s as it fought the coronavirus in the first quarter of the year. (AP Photo/Mark Schiefelbein)
April 17, 2020 - 5:00 am
BEIJING (AP) — China faces a drawn-out struggle to revive an economy that suffered its biggest contraction since possibly the mid-1960s after millions of people were told to stay home to fight the coronavirus. The world’s second-largest economy shrank by 6.8% from a year earlier in the quarter...
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In this April 13, 2020, photo, a couple walk through the capital city's popular shopping mall in Beijing. Chinese leaders have reopened factories and shops in an effort to revive the economy, but the consumers whose spending propels most of China's growth have been slow to return to shopping malls and auto dealerships. (AP Photo/Andy Wong)
April 15, 2020 - 10:13 pm
BEIJING (AP) — China, where the coronavirus pandemic started in December, is cautiously trying to get back to business, but it’s not easy when many millions of workers are wary of spending much or even going out. Factories and shops nationwide shut down starting in late January. Millions of...
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A elderly man wearing a face mask to protect from coronavirus pulls his shopping trolley at Varvakios meat market in Athens, on Tuesday, April 14, 2020. Eating lamb, usually roasted whole on a spit, is traditional for Greek Easter, which is by far the most important religious holiday of the year in this predominantly Orthodox country. Due to lockdown measures taken to prevent the spread of the COVID-19 this year, the government has said traditional family gatherings cannot be held this Easter on Sunday, April 19. (AP Photo/Thanassis Stavrakis)
April 15, 2020 - 6:51 am
ATHENS, Greece (AP) — Greece has launched a 7-year bond auction, taking advantage of an improvement in borrowing rates driven by massive European stimulus packages to address the impact of the coronavirus pandemic. The government backed the country’s second issue of the year on Wednesday and argued...
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In this April 6, 2020 photo, a bus drives past a roadwork construction project in Seattle where ramps off of the Highway 520 floating bridge meet Montlake Blvd. that has been shut down due to concern over the spread of the coronavirus. The $2 trillion federal stimulus package enacted in March included billions of dollars for public transit systems, publicly owned commercial airports and Amtrak passenger train service, but earmarked nothing for state highways and bridges. Many of those projects across the country have been put on hold because of a sharp drop in fuel taxes, tolls and user fees since the coronarvirus-related shutdowns suspended much of the U.S. economy. (AP Photo/Ted S. Warren)
April 12, 2020 - 11:22 am
JEFFERSON CITY, Mo. (AP) — America’s roads are a lot less congested, due to coronavirus shutdowns that have kept millions of commuters, shoppers and vacationers parked at their homes. While that makes it easier to patch potholes, it also could spell trouble for road and bridge projects. The longer...
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FILE - In this March 27, 2020, file photo, members of the House of Representatives walk down the steps of Capitol Hill in Washington, after passing a coronavirus rescue package. For libertarians the very thought of massive government aid or the enforced closings of businesses is usually indefensible. But those beliefs can change in a time of crisis, like now. The spread of the coronavirus has renewed a long-running debate among libertarians over such core beliefs as private enterprise and individual autonomy. (AP Photo/Susan Walsh, File)
April 11, 2020 - 6:05 pm
NEW YORK (AP) — Steve Baker, one of the British parliament's leading libertarians, was nearly in tears as he addressed the House of Commons in support of a bill that once seemed unthinkable: a massive economic aid package in response to the coronavirus pandemic. “Libertarian though I may be, this...
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