Fiscal policy

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. U.S. stocks are swinging between losses and gains in Thursday, Sept. 24, trading, as volatility continues to be the dominant force in Wall Street’s tumultuous September. (AP Photo/Mary Altaffer, File)
September 24, 2020 - 6:02 pm
Stocks eked out modest gains Thursday even as volatility continued to be the dominant force in Wall Street's tumultuous September. The S&P 500 rose 0.3% after earlier swinging between a loss of 0.9% and a gain of 1.3%. The market notched widespread gains, though technology stocks powered much...
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In this image made from UNTV video, Alassane Ouattara, President of Cote d'Ivoire, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly, Thursday Sept. 24, 2020, at UN headquarters, in New York. (UNTV via AP)
September 24, 2020 - 5:52 pm
JOHANNESBURG (AP) — African nations came out swinging on the third day of the United Nations annual gathering of world leaders Thursday, calling for dramatic fiscal measures to help economies survive the coronavirus pandemic — which one leader called the “fifth horseman of the apocalypse.” Africa's...
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September 23, 2020 - 6:59 am
GENEVA (AP) — The U.N. labor agency warned Wednesday that the coronavirus pandemic has led to a massive drop in income for workers around the world and of rising inequality between rich countries that have injected government cash into their economies and poorer countries that can’t. In a report...
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German Chancellor Angela Merkel attends the meeting of the Federal Cabinet in the Federal Chancellery in Berlin, Germany, Wednesday, Sept. 23, 2020. (Kay Nietfeld/dpa via AP)
September 23, 2020 - 6:15 am
Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen the fallout of the coronavirus crisis. The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from...
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FILE -- In this Wednesday, Nov. 28, 2018 file photo clouds of smoke are pictured over Europe's largest lignite power plant in Belchatow, central Poland. Government stimulus programs to pull the world out of the coronavirus pandemic offer “a tremendous opportunity” to build a clean-energy economy, former California governor Arnold Schwarzenegger said Thursday, calling on governments not to “invest in the past." Speaking video link from Los Angeles to the Austrian World Summit in Vienna, Schwarzenegger said that “forward-looking decisions” are needed now as trillions are being poured into rebuilding economies around the globe.A group of Greenpeace environment activists have climbed its 180-meter smokestack to spur participants in next week's global climate summit in Poland into taking decisions on limiting the use of coal.(AP Photo/Czarek Sokolowski, file)
September 17, 2020 - 8:55 am
VIENNA (AP) — U.N. Secretary-General Antonio Guterres called Thursday on governments not to “throw away” economic stimulus funds by supporting fossil fuel industries that contribute to global warming. Speaking at a virtual conference on climate change, Guterres noted that countries have “a choice...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)
September 16, 2020 - 11:27 pm
Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S...
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Utility worker Jake Orton examines a building destroyed by the Almeda Fire at the Parkview Townhomes in Talent, Ore., on Wednesday, Sept. 16, 2020. (AP Photo/Noah Berger)
September 16, 2020 - 9:02 pm
Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the flames. Before that, he and his crew had worked for 20 days, followed by a three-day break. Silvera, a 43-year-old battalion chief with Cal Fire,...
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Indian Prime Minister Narendra Modi addresses the media as he arrives at the Parliament in New Delhi, India, Monday, Sept.14, 2020. Indian lawmakers have returned to Parliament after more than five months even as coronavirus cases continue to surge at the fastest pace than anywhere else in the world. (AP Photo)
September 14, 2020 - 2:56 am
NEW DELHI (AP) — After a five-month absence, Indian lawmakers returned to Parliament on Monday with the government's response to the coronavirus pandemic, the nosediving economy and simmering tensions with China setting the stage for a turbulent session. The 18-day session comes as coronavirus...
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FILE - In this April 29, 2020 file photo, a man wearing a mask to protect against coronavirus, waits to cross the street as a digital sign displays groups of people walking above another sign displaying the size of the national debt along an empty K Street in Washington. The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday, Sept. 11. (AP Photo/Andrew Harnik, File)
September 11, 2020 - 6:55 pm
WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday. The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that...
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The European Central Bank is seen in Frankfurt, Germany, Thursday, Sept. 10, 2020. The governing council of the ECB will meet on Thursday. (AP Photo/Michael Probst)
September 10, 2020 - 2:32 pm
FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program for the economy will run into next year, joining the Federal Reserve in making it clear that stimulus will remain set on high as the pandemic...
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