Financial crisis

Sen. Elizabeth Warren, D-Mass., speaks about a bill to cancel student loan debt, Tuesday, July 23, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 26, 2019 - 2:30 pm
WASHINGTON (AP) — Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she's staking her credentials on another forecast of fiscal trauma ahead. But even economists who like her prescription are skeptical about her diagnosis. The...
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People celebrate outside the governor's mansion La Fortaleza, after Gov. Ricardo Rossello announced that he is resigning Aug. 2 after nearly two weeks of protests and political upheaval touched off by a leak of crude and insulting chat messages between him and his top advisers, in San Juan, Puerto Rico, Thursday, July 25, 2019. (AP Photo/Dennis M. Rivera Pichardo)
July 25, 2019 - 10:30 am
SAN JUAN, Puerto Rico (AP) — Puerto Rico Gov. Ricardo Rosselló announced his resignation overnight, ceding power after nearly two weeks of furious protests and political upheaval touched off by a leak of crude and insulting chat messages between him and his top advisers. A crowd of thousands...
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Puerto Rican singer Ricky Martin, front atop truck, participates with other local celebrities in a protest demanding the resignation of governor Ricardo Rossello in San Juan, Puerto Rico, Monday, July 22, 2019. Protesters are demanding Rossello step down for his involvement in a private chat in which he used profanities to describe an ex-New York City councilwoman and a federal control board overseeing the island's finance. (AP Photo/Carlos Giusti)
July 22, 2019 - 5:16 pm
SAN JUAN, Puerto Rico (AP) — Waving flags, chanting and banging pots and pans, tens of thousands of Puerto Ricans jammed a highway Monday to demand the resignation of Gov. Ricardo Rosselló in a crisis triggered by a leak of offensive, obscenity-laden chat messages between him and his advisers. The...
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Conservative Party leadership contender Boris Johnson, centre right, leaves his office in Westminster area of London, Monday July 22, 2019. Voting closes Monday in the ballot to elect Britain's next prime minister, from the two contenders Jeremy Hunt and Boris Johnson, as critics of likely winner Boris Johnson condemned his vow to take Britain out of the European Union with or without a Brexit deal.(Yui Mok/PA via AP)
July 22, 2019 - 12:42 pm
LONDON (AP) — Voting closed Monday in the two-man contest to become Britain's next prime minister, as critics of likely winner Boris Johnson condemned his vow to take the U.K. out of the European Union with or without a divorce deal. Members of the governing Conservative Party had until 5 p.m. (...
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FILE - In this Wednesday, Jan 9, 2019 file photo, Britain's Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street for the House of Commons to attend Prime Minister's question time, in London. Hammond says he will quit if, as widely expected Boris Johnson becomes prime minister. Hammond said Sunday, July 21, 2109 that Johnson’s vow to take the U.K. out of the European Union on Oct. 31, with or without a divorce deal is “not something that I could ever sign up to.” (AP Photo/Alastair Grant, File)
July 21, 2019 - 7:38 am
LONDON (AP) — British Treasury chief Philip Hammond said Sunday that he will quit if — as widely expected — Boris Johnson becomes prime minister this week on a promise to leave the European Union with or without a divorce deal. Hammond said Johnson's vow to press for a no-deal Brexit if he can't...
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New Finance Minister Christos Staikouras, left, speaks as outgoing Finance Minister Euclid Tsakalotos is seen during a handover ceremony in Athens, Tuesday, July 9, 2019. Greece's new Cabinet was sworn in Tuesday, two days after conservative party leader Kyriakos Mitsotakis won early elections on pledges to make the country more business-friendly, cut taxes and negotiate an easing of draconian budget conditions agreed as part of the country's rescue program. (AP Photo/Thanassis Stavrakis)
July 09, 2019 - 12:34 pm
ATHENS, Greece (AP) — Greece's new government will press ahead with tax cuts for households and businesses despite skepticism from creditors, the country's finance minister said Tuesday after he and his Cabinet colleagues were sworn in. Christos Staikouras' comments during a handover ceremony at...
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FILE - In this June 19, 2019 file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. The Federal Reserve repeats its pledge to “act as appropriate” to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest rates. (AP Photo/Manuel Balce Ceneta)
July 09, 2019 - 9:07 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell the Fed's annual stress tests of the nation's largest banks will need to evolve to keep pace with a changing financial system. Powell calls the tests, which determine whether a bank could survive a severe economic downturn, were one of the "...
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FILE - In this Dec. 23, 2013, file photo, former Argentine President Fernando de la Rua, center, walks outside Argentina's Federal Court in Buenos Aires, Argentina. Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday, July 9, 2019. He was 81. (AP Photo/Victor R. Caivano, File)
July 09, 2019 - 8:41 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday at age 81. President Mauricio Macri sent a tweet expressing regrets at the death...
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July 09, 2019 - 8:02 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, has died. He was 81. The death was confirmed by the Argentine government. President Mauricio...
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A man walks past the Deutsche Bank sign in London, Monday, July, 8, 2019. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022, saying it is going “back to our roots” with a radical restructuring plan meant to focus the company on traditional strengths.(AP Photo/Natasha Livingstone)
July 08, 2019 - 3:01 pm
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
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