Fiscal policy

People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 17, 2020. Markets are mixed in Asia, with Japan's benchmark slipping 0.8% after the government reported the economy contracted in the last quarter. (AP Photo/Vincent Yu)
February 16, 2020 - 8:30 pm
BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China's shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of...
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Rep. Ro Khanna, D-Calif., accompanied by Sen. Chris Van Hollen, D-Md., Sen. Patrick Leahy, D-Vt., and Rep. Pramila Jayapal, D-Wash., speaks during a news conference on a measure limiting President Donald Trump's ability to take military action against Iran, on Capitol Hill, in Washington, Thursday, Jan. 9, 2020. (AP Photo/Jose Luis Magana)
January 30, 2020 - 10:24 am
WASHINGTON (AP) — Refocusing a debate on war and peace in the midst of the Senate impeachment trial, the Democratic-controlled House on Thursday approved measures reasserting congressional authority over war powers. The House passed a proposal to repeal the 2002 congressional authorization for the...
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U.S. President Donald Trump leaves the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. Trump's two-day stay in Davos is a test of his ability to balance anger over being impeached with a desire to project leadership on the world stage. (AP Photo/Markus Schreiber)
January 22, 2020 - 2:05 pm
WASHINGTON (AP) — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the future, a move that would mark a tectonic shift from his stance during his 2016 run for the White House. Trump suggested he was open to a cut in...
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Passengers wearing masks walk by as a quarantine officer, center, monitors a thermography during a quarantine inspection at Kansai international airport in Osaka, western Japan, Wednesday, Jan. 22, 2020. Chinese health authorities urged people in the city of Wuhan to avoid crowds and public gatherings after warning on Wednesday that a new viral illness infecting hundreds of people in the country. Japan, South Korea, the United States and Taiwan have all reported one case each. All of the illnesses were of people from Wuhan or who recently had traveled there. (Kota Endo/Kyodo News via AP)
January 22, 2020 - 10:05 am
BANGKOK (AP) — News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum. Health authorities across Asia have been stepping up...
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In this Jan. 3, 2020, photo, workers make sneakers in a factory in Jinjiang city in southeastern China's Fujian province. China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday, Jan. 17, showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the previous quarter’s level of 6%. (Chinatopix Via AP)
January 17, 2020 - 8:27 am
BEIJING (AP) — China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. The world’s second-largest economy grew by 6.1%, down from 2018’s 6.6%,...
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Jung Ji-won, third from left, chief executive of the Korea Exchange, and Financial Services Commission Chairman Eun Sung-soo, fourth from left, applaud with other participants during the opening of this year's trading in Seoul, South Korea, Thursday, Jan. 2, 2020. The sign read: "Opening ceremony of 2020 trading." (AP Photo/Ahn Young-joon)
January 02, 2020 - 5:47 am
TOKYO (AP) — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1% as well,...
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January 01, 2020 - 2:20 am
BEIJING (AP) — China's central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy. The People's Bank of China announced that the reserve requirement ratio for financial institutions would be lowered by 50...
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In this Sept. 23, 2019 photo, rescued migrants look at a map of Europe aboard the Ocean Viking humanitarian ship as it sails in the Mediterranean Sea. The misery of migrants in Libya has spawned a thriving and highly lucrative business, in part funded by the EU and enabled by the United Nations, an Associated Press investigation has found. (AP Photo/Renata Brito)
December 31, 2019 - 8:16 am
TRIPOLI, Libya (AP) — When the European Union started funneling millions of euros into Libya to slow the tide of migrants crossing the Mediterranean, the money came with EU promises to improve detention centers notorious for abuse and fight human trafficking. That hasn’t happened. Instead, the...
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FILE — In this Aug. 28, 2019 file photo supporters of a measure to limit when companies can label workers as independent contractors circle the Capitol during a rally in Sacramento, Calif. Gov. Gavin Newsom signed a measure, to take effect in 2020, making it harder for industries to treat workers like contractors instead of employees who are entitled to minimum wage and other benefits. Uber, Lyft and DoorDash have said they'll spend $30 million to put an initiative on the 2020 ballot to overturn the law. (AP Photo/Rich Pedroncelli, File)
December 29, 2019 - 8:32 am
SACRAMENTO, Calif. (AP) — California’s long tradition of advancing nation-leading legislation continues into the new year, with laws reining in the gig economy, boosting online privacy and discouraging shootings by police, among other potential trend-setters. The laws have sent businesses including...
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Chinese investors monitor stock prices at a brokerage house in Bejiing, Thursday, Dec. 26, 2019. Shares are mostly higher in Asia with many world markets closed for Christmas holidays. (AP Photo/Mark Schiefelbein)
December 26, 2019 - 12:33 am
TOKYO (AP) — Global markets edged higher on Thursday though trading was subdued after the Christmas holidays. Chinese markets surged after the government announced a relaxation of residency restrictions for small and medium cities that boosted property stocks. The Shanghai Composite index jumped 0...
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