Fiscal policy

Senate Majority Leader Mitch McConnell of Ky., is followed by reporters and staff as he leaves a meeting on Capitol Hill in Washington, Friday, March 20, 2020, to work on an economic package to deal with the coronavirus. (AP Photo/Susan Walsh)
March 23, 2020 - 1:23 am
WASHINGTON (AP) — In the fall of 2008, an unlikely alliance of lawmakers, regulators and Bush administration officials banded together to rescue an economy they feared was hours away from collapse. They also unwittingly reshaped American politics, unleashing a populist furor that lingers in both...
Read More
A man with a protective mask in the rain looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, March 23, 2020. Shares dropped in Hong Kong and South Korea early Monday. However, Japan's Nikkei 225 index held steady, gaining 0.8% on news the International Olympic Committee plans to discuss potentially changing the timing of the Tokyo Games, due to begin in July. (AP Photo/Eugene Hoshiko)
March 22, 2020 - 11:05 pm
BANGKOK (AP) — U.S. futures dropped more than 4% and Australia's share benchmark initially plunged 8.5% as work on more stimulus for the U.S. economy hit snags in the U.S. Senate. Shares dropped more than 4% in Hong Kong and 5% in South Korea. The Shanghai Composite index lost 2.6%. However, Japan'...
Read More
This photo provided by the New York Stock Exchange shows trader Patrick Casey, left, and specialist Peter Mazza as they work on the trading floor on Friday, March 20, 2020. Stocks turned lower Friday after New York became the latest major state to mandate nearly all workers stay home to limit the spread of the new coronavirus. (Nicole Pereira/NYSE via AP)
March 20, 2020 - 5:13 pm
Wall Street ended the week the same way it began: in full retreat from the coronavirus. Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation’s economy in the hope of limiting the spread of the outbreak. The...
Read More
Senate Majority Leader Mitch McConnell of Ky., walk to attend a Republican policy lunch on Capitol Hill in Washington, Thursday, March 19, 2020. (AP Photo/Susan Walsh)
March 19, 2020 - 9:25 pm
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell unveiled a sweeping economic rescue plan Thursday to pump $1,200 direct checks to taxpayers, $300 billion for small businesses to keep idled workers on payroll and $208 billion in loans to airlines and other industries. It's the initial...
Read More
People walk among U.S. flags with the U.S. Capitol in the background, Sunday, March 15, 2020, in Washington. House Speaker Nancy Pelosi, D-Calif., said Congress has started work on a new coronavirus aid package after the one just approved by the House early Saturday. (AP Photo/Jacquelyn Martin)
March 19, 2020 - 5:53 am
WASHINGTON (AP) — The fast-moving coronavirus upending every facet of American life is testing whether Washington, a capital city fractured by years of bitter partisanship and inaction, can still do big things. Not since the Great Recession of 2008, and before that the Sept. 11 attacks of 2001, has...
Read More
A man walks past a banner showing Saudi King Salman, right, and his Crown Prince Mohammed bin Salman, outside a mall in Jiddah, Saudi Arabia, Saturday, March 7, 2020. (AP Photo/Amr Nabil)
March 19, 2020 - 3:57 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion, to offset the impact of plunging oil prices and the effects of the new coronavirus on its economic outlook and deficit. In a statement carried by the state-run Saudi Press Agency...
Read More
President Donald Trump speaks during a press briefing with the coronavirus task force, in the Brady press briefing room at the White House, Monday, March 16, 2020, in Washington. (AP Photo/Evan Vucci)
March 17, 2020 - 1:35 pm
WASHINGTON (AP) — Ahead of an expected surge in coronavirus cases, President Donald Trump on Tuesday moved to blunt the impact of the pandemic on the U.S. economy, fundamentally altered by a push for a nation to stay home. As the global markets fluctuated amid fears of a recession, the president...
Read More
FILE - In this May 8, 2019, file photo, New Zealand's Reserve Bank Governor Adrian Orr speaks to the media in Wellington, New Zealand. New Zealand's central bank on Monday, March 16, 2020 cut the benchmark interest rate to a record low 0.25%. The cut of 0.75% came outside of the bank's normal schedule for changing rates. The Reserve Bank of New Zealand said in a statement that the negative impact of the pandemic on the New Zealand economy will be significant. For most people, the new coronavirus causes only mild or moderate symptoms. For some, it can cause more severe illness, especially in older adults and people with existing health problems. (AP Photo Nick Perry, File)
March 16, 2020 - 10:56 pm
WELLINGTON, New Zealand (AP) — New Zealand's government said Tuesday it would spend billions of dollars supporting hard-hit companies as it tries to shore up an economy headed for recession because of the coronavirus. The stimulus package is equivalent to 4% of GDP. A large chunk of the new...
Read More
In this Tuesday, March 10, 2020, security guards patrolling the quiet Wangfujing shopping, a usually popular tourist spot before the new coronavirus outbreak in Beijing. China's consumer spending and other business activity fell even more than expected in January and February due to its virus outbreak, adding to the ruling Communist Party's challenges as it tries to revive the world's second-largest economy. (AP Photo/Andy Wong)
March 16, 2020 - 3:52 am
BEIJING (AP) — China’s consumer spending and factory activity fell more than expected in January and February as it fought a virus outbreak, prompting some forecasters to warn this year’s economic growth might slump to its lowest level since the 1970s. Retail sales fell 20.5% from a year ago after...
Read More
Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
Associated Press
March 15, 2020 - 6:56 pm
WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its worry that...
Read More

Pages