Financial crisis

FILE - In this Thursday, March 23, 2017, file photo, Federal Reserve Chair Janet Yellen steps offstage after speaking at the Federal Reserve System Community Development Research Conference in Washington. There isn’t much suspense about what the Fed will announce when its latest policy meeting ends: That it’s raising its key short-term rate for the third time in six months. But anticipation surrounds the possibility that the Fed could signal policy shifts in a statement it will issue, in updated economic forecasts and in a news conference with Yellen. (AP Photo/Cliff Owen, File)
June 14, 2017 - 2:09 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): ___ 2:05 p.m. Federal Reserve policymakers lowered their forecasts for inflation and unemployment, and continued to predict they would raise rates once more this year. Fed officials now expect the U.S...
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June 14, 2017 - 6:01 am
BEIJING (AP) — The International Monetary Fund urged China on Monday to speed up reforms meant to slow surging growth of debt that is fueling concern about the stability of its financial system. The announcement adds to mounting warnings China's rapid run-up in debt due to reliance on lending to...
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June 14, 2017 - 5:00 am
BEIJING (AP) — The International Monetary Fund has urged China to speed up reforms meant to slow surging growth of debt that is fueling concern about the stability of its financial system. The IMF's first deputy managing director, David Lipton, said Tuesday after meeting Chinese officials the...
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Puerto Rico Governor Ricardo Rossello celebrates the results of a referendum on the status of the island, at the New Progressive Party headquarters in San Juan, Puerto Rico, Sunday, June 11, 2017. The governor announced that the U.S. territory overwhelmingly chose statehood on Sunday in a non-binding referendum held amid a deep economic crisis that has sparked an exodus of islanders to the U.S. mainland. Voter turnout was just 23 percent. (AP Photo/Carlos Giusti)
June 11, 2017 - 8:59 pm
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor announced that the U.S. territory overwhelmingly chose statehood on Sunday in a nonbinding referendum held amid a deep economic crisis that has sparked an exodus of islanders to the U.S. mainland. Nearly half a million votes were cast for...
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Gov. Ricardo Rossello shows his ballot at the San Jose Academy during the fifth referendum in San Juan, Puerto Rico, Sunday, June 11, 2017. Puerto Ricans are getting the chance to tell U.S. Congress on Sunday which political status they believe best benefits the U.S. territory as it remains mired in a deep economic crisis that has triggered an exodus of islanders to the U.S mainland. Congress ultimately has to approve the outcome of Sunday's referendum that offers voters three choices: statehood, free association/independence or current territorial status. (AP Photo/Carlos Giusti)
June 11, 2017 - 6:41 pm
SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor announced that the U.S. territory has overwhelmingly chosen statehood in a nonbinding referendum Sunday held amid a deep economic crisis that has sparked an exodus of islanders to the U.S. mainland. Nearly half a million votes were cast for...
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FILE - In this May 21, 2010, file photo, then-Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., right, and then- House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., speak to reporters outside the White House in Washington, after their meeting with President Barack Obama. House Republicans headed toward a vote June 8, 2017, on dismantling sweeping financial rules established under Obama that were designed to head off economic meltdowns. Republicans are arguing that the many requirements imposed under what is known as the Dodd-Frank Act have actually harmed economic growth by making it harder for consumers and businesses to get credit.(AP Photo/Susan Walsh, File)
June 08, 2017 - 5:57 pm
WASHINGTON (AP) — The Republican-led House approved sweeping legislation Thursday to undo much of former President Barack Obama's landmark banking law created after the 2008 economic crisis that caused millions of Americans to lose their jobs and homes. The largely party-line vote was 233-186, as...
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June 06, 2017 - 7:50 pm
WASHINGTON (AP) — President Donald Trump has chosen a regional banker as his nominee for a key government position in bank regulation. Trump announced late Monday he is naming Joseph Otting as comptroller of the currency, heading a Treasury Department agency that is the chief overseer for federally...
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German Chancellor Angela Merkel, right, is flanked by International Monetary Fund Managing Director Christine Lagarde, in the Sicilian town of Taormina, Italy, Saturday, May 27, 2017. Leaders of the G7 meet Friday and Saturday, including newcomers Emmanuel Macron of France and Theresa May of Britain in an effort to forge a new dynamic after a year of global political turmoil amid a rise in nationalism. (AP Photo/Andrew Medichini)
May 29, 2017 - 12:00 pm
ATHENS, Greece (AP) — Greece's finance minister insists the country's international creditors must agree on how to make Greece's debt sustainable to help the nation emerge from its protracted financial crisis. Euclid Tsakalotos said Monday that Greece had met all its reform commitments, and that it...
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Pope Francis arrives at the ILVA steel-making company in Genoa, Italy, Saturday, May 27, 2017. Pope Francis has begun a one-day visit to the northern Italian port city of Genoa to meet with workers, poor and homeless people, refugees and prisoners. His opened his visit at ILVA, a troubled steel-making company, where workers in hard hats awaited him. The visit puts a focus on the plight of workers whose lives have been made precarious by years of economic crisis. (AP Photo/Antonio Calanni)
May 27, 2017 - 2:32 pm
GENOA, Italy (AP) — Pope Francis highlighted the struggles that workers face in a globalized economy with a visit Saturday to a troubled steel factory in Genoa, where he stressed how jobs give people a sense of human dignity and denounced those who exploit workers. The visit put a focus on the...
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May 24, 2017 - 8:41 pm
WASHINGTON (AP) — The architect of House legislation that would repeal much of the Dodd-Frank law enacted after the financial crisis agreed Wednesday to make a key change to the bill, clearing the way for the full House to take up the measure in coming weeks. Rep. Jeb Hensarling of Texas, the...
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