Financial crisis

This Sept. 18, 2019, photo shows the view of the U.S. Capitol building from the Washington Monument in Washington. The federal deficit for the 2019 budget year is expected to have soared to near $1 trillion, up more than $200 billion from last year and the largest such gap in seven years. (AP Photo/Patrick Semansky)
October 25, 2019 - 2:25 pm
WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...
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October 25, 2019 - 10:36 am
ALBANY, N.Y. (AP) — Smaller bonuses last year contributed to a 5.6% drop in average Wall Street salaries, according to a report released Friday by New York state's comptroller. The average 2018 salary, including bonuses, for New York City's securities industry employees was $398,600. That was down...
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Argentine President Mauricio Macri, who is running for reelection with the "Juntos Por el Cambio" party, gets a kiss from his wife Juliana Awada during his campaign rally in Cordoba, Argentina, Thursday, Oct. 24, 2019. Argentina will hold its presidential election on Oct. 27. (AP Photo/Nicolas Aguilera)
October 25, 2019 - 8:16 am
BUENOS AIRES, Argentina (AP) — Frustration over a bruising economic crisis and rising poverty has eroded support for Argentina's pro-business incumbent ahead of Sunday's presidential election and boosted a populist challenger whose victory would mark a tilt to the center-left in a region rocked by...
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Anti-government protesters stand under their umbrellas wave Lebanese flags and shout slogans during a protest, in downtown Beirut, Lebanon, Thursday, Oct. 24, 2019. Lebanon's president pleaded Thursday with tens of thousands of protesters who have blocked main roads and paralyzed the nation for days, urging them to back economic reforms proposed by the prime minister as the "first step" toward saving the country from economic collapse. (AP Photo/Hussein Malla)
October 25, 2019 - 7:02 am
BEIRUT (AP) — The Latest on anti-government protests in Lebanon (all times local): 5:05 p.m. Lebanon's Hezbollah leader says nationwide protests against the country's political class are being exploited by the politicians and are no longer popular or spontaneous. Hassan Nasrallah says Friday that...
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Cars pass by near the skyline with the buildings of the banking district in Frankfurt, Germany, Tuesday, Oct. 22, 2019. (AP Photo/Michael Probst)
October 25, 2019 - 2:18 am
BERLIN (AP) — German consumers are growing more pessimistic amid concerns about the global economic downturn, trade conflicts and Brexit, a survey showed Friday, while a second study indicated the country's businesses are less happy with their current situation but have greater hope for the coming...
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Anti-government protesters with the colors of the Lebanese national flag painted on their faces and with Arabic that reads "Revolution," pose for a photograph in front of the government palace in Beirut, Lebanon, Monday, Oct. 21, 2019. Protesters have closed major roads around Lebanon ahead of an emergency Cabinet meeting to discuss a rescue plan for the country's crumbling economy. AP Photo/Hassan Ammar)
October 21, 2019 - 9:21 am
BEIRUT (AP) — Lebanon's Cabinet approved a package of economic reforms and a 2020 budget with no new taxes on Monday, hoping to appease the thousands of protesters that have taken to the streets for the last five days to demand the government step down. Prime Minister Saad Hariri described the...
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Anti-government protesters shout slogans against the Lebanese government during a protest in Beirut, Lebanon, Saturday, Oct. 19, 2019. The blaze of protests was unleashed a day earlier when the government announced a slate of new proposed taxes, including a $6 monthly fee for using Whatsapp voice calls. The measures set a spark to long-smoldering anger against top leaders from the president and prime minister to the numerous factional figures many blame for decades of corruption and mismanagement. (AP Photo/Hassan Ammar)
October 19, 2019 - 2:49 pm
BEIRUT (AP) — Lebanon's influential Hezbollah leader said Saturday he is against the government's resignation as nationwide protests gained momentum on their third day, calling for the removal of the country's political elite. Hassan Nasrallah said the current unity government should instead bring...
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October 10, 2019 - 12:43 pm
WASHINGTON (AP) — The Federal Reserve has approved a package of rules that will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules. The Fed's rule changes approved...
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FILE - In this May 23, 2019, file photo, customers shop near a section selling Marvel Avengers toys by American toymaker Hasbro at a toy store in Beijing. The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. (AP Photo/Andy Wong, File)
October 07, 2019 - 12:37 am
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with...
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Portuguese Prime Minister and Socialist Party leader Antonio Costa celebrates after wining the Portugal election, in Lisbon Sunday night, Oct. 6, 2019. Portugal's center-left Socialist Party has collected the most votes in Sunday's general election, leaving it poised to continue in government for another four years. (AP Photo/Armando Franca)
October 06, 2019 - 4:51 pm
LISBON, Portugal (AP) — The center-left Socialist Party got the most votes in Portugal's general election Sunday, leaving it poised to continue leading the government for another four years. With 226 seats in the 230-seat parliament awarded in the official count, the Socialists reached 106 seats,...
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