Financial crisis

House Speaker Nancy Pelosi of Calif., smiles during a news conference on Capitol Hill, Thursday, May 14, 2020, in Washington. (AP Photo/Andrew Harnik)
May 14, 2020 - 10:10 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi lashed out Thursday at Trump administration officials and congressional Republicans seeking to slow work on a fresh round of coronavirus relief. The White House responded minutes later with a threat that President Donald Trump would veto the $3 trillion...
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FILE - In this Feb. 18, 2020 file photo, people walk on a bridge under an election campaign billboard for the Blue and White party, then an opposition party led by Benny Gantz, left, and showing Israeli Prime Minister Benjamin Netanyahu, in Ramat Gan, Israel. After three deadlocked and divisive elections, and a year and a half of political paralysis, Israel is finally swearing in a new government, with Netanyahu securing a historic fifth term in office thanks to a controversial power-sharing deal with rival-turned-partner Gantz. The deal calls for Netanyahu to serve as prime minister for the government’s first 18 months before being replaced by Gantz. (AP Photo/Oded Balilty)
May 14, 2020 - 7:43 am
JERUSALEM (AP) — After three deadlocked and divisive elections, and a year and a half of political paralysis, Israel was finally swearing in a new government on Thursday, with Prime Minister Benjamin Netanyahu securing a historic fifth term in office thanks to a controversial power-sharing deal...
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New Zealand Prime Minister Jacinda Ardern, right, walks with Deputy Prime Minister Winston Peters to the house for the budget delivery speech at Parliament in Wellington, New Zealand, Thursday, May 14, 2020. New Zealand's government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. (Hagen Hopkins/Pool Photo via AP)
May 14, 2020 - 3:58 am
WELLINGTON, New Zealand (AP) — New Zealand’s government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. Finance Minister Grant Robertson on Thursday unveiled a budget unlike any in the nation's history. Debt would...
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FILE - In this May 12, 2020, file photo, a teacher removes students’ artwork from a bulletin board as she packs the art in her kindergarten classroom at an elementary school in Olathe, Kan. The coronavirus is proving ruinous to state budgets, forcing many governments to consider once-unthinkable cuts to schools, universities, health care programs and a wide array of other basic functions. (AP Photo/Charlie Riedel, File)
May 13, 2020 - 10:00 pm
As the nation enters a third month of economic devastation, the coronavirus is proving ruinous to state budgets, forcing many governments to consider deep cuts to schools, universities, health care and other basic functions that would have been unthinkable just a few months ago. Many states expect...
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FILE - In this May 2, 2020, file photo, people, including those with the boogaloo movement, demonstrate against business closures due to concern about COVID-19, at the State House in Concord, N.H. It's a fringe movement with roots in a online meme culture steeped in irony and dark humor. But experts warn that the anti-government boogaloo movement has attracted a dangerous element of far-right extremists. (AP Photo/Michael Dwyer, File)
May 13, 2020 - 6:26 pm
SILVER SPRING, Md. (AP) — They carry high-powered rifles and wear tactical gear, but their Hawaiian shirts and leis are what stand out in the crowds that have formed at state capital buildings to protest COVID-19 lockdown orders. The signature look for the “boogaloo” anti-government movement is...
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House Speaker Nancy Pelosi of Calif., speaks during an interview with The Associated Press on Capitol Hill in Washington, Wednesday, May 13, 2020. (AP Photo/Patrick Semansky)
May 13, 2020 - 6:26 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi on Wednesday defended the stunning $3 trillion price tag on Democrats' pandemic relief package as what is needed to confront the “villainous virus” and economic collapse. “The American people are worth it,” Pelosi told The Associated Press. In an...
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Angie Moorefield unfolds material to begin sewing a disposable gown at Burlington Medical in Newport News Wednesday, May 6, 2020. The manufacturing business recently shifted from producing radiation protection gear for medical facilities to in-demand personal protective equipment such as masks, gowns and plastic face shields. (Jonathon Gruenke/The Virginian-Pilot via AP)
May 13, 2020 - 9:31 am
WASHINGTON (AP) — Wholesale prices slid a record 1.3% in April led by a 19% plunge in the cost of energy, further signaling the potential threat of deflation in the United States. The Labor Department said Wednesday that its producer price index, which measures inflation before it reaches the...
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A custiomer shops in a garden and DIY centre, as the country is in lockdown to help stop the spread of coronavirus, Tuesday, May 12, 2020. The government has announced that as of Wednesday May 13 garden centres will be opening but operating with new measures such as social distancing. (AP Photo/Kirsty Wigglesworth)
May 13, 2020 - 5:49 am
LONDON (AP) — The U.K. government warned Wednesday of a “significant” recession after official figures showed the economy shrank 2% in the first quarter of the year even though it included just one week of the coronavirus lockdown. The Office of National Statistics found that the slump was getting...
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A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index in Hong Kong, Wednesday, May 13, 2020. Shares fell in Asia on Wednesday after Wall Street logged its biggest loss since the start of the month on worries about the downside of reopening the economy too soon. (AP Photo/Vincent Yu)
May 12, 2020 - 11:54 pm
Shares fell in Asia on Wednesday after Wall Street logged its biggest loss since the start of the month on worries about the downside of reopening the economy too soon. Benchmarks slid in Tokyo, Shanghai and Hong Kong but rose in Taiwan. The top U.S. infectious diseases expert, Dr. Anthony Fauci,...
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FILE - In this March 15, 2019, file photo, Buffalo's Dontay Caruthers (22) looks to pass as Central Michigan's Dallas Morgan (23) defends during the first half of an NCAA college basketball game in the semifinals of the Mid-American Conference men's tournament in Cleveland. The Mid-American Conference is eliminating postseason tournaments in eight sports, including baseball and softball, and men's and women's basketball are among nine sports that will have postseasons scaled back. The MAC's announced the cost-cutting move Tuesday in response to the financial crisis being brought on by the coronavirus pandemic. (AP Photo/Tony Dejak, File)
May 12, 2020 - 7:58 pm
The Mid-American Conference is eliminating postseason tournaments in eight sports, including baseball and softball, and men's and women's basketball are among nine sports that will have postseasons scaled back. The MAC's announced the cost-cutting move Tuesday in response to the financial crisis...
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