MEXICO CITY (AP) — Mexico's treasury secretary resigned Tuesday, complaining of the appointment of unqualified officials by "influential people in the current administration who have clear...
WASHINGTON (AP) — Lower than expected tax revenues now mean there is a "significant risk" that the federal government will run out of borrowing authority in the early part of September, according...
WASHINGTON (AP) — President Donald Trump's vow to impose new tariffs on Mexican imports risks sabotaging not just his drive to forge more favorable trade deals but also a U.S. economy that he says...
SPRINGFIELD, Ill. (AP) — Gov. J.B. Pritzker's administration is pleased with the findings of a peer-reviewed study of a graduated income tax despite its conclusion that it would raise less revenue...
SPRINGFIELD, Ill. (AP) — A graduated income tax could narrow Illinois' growing income disparity, cut property — as well as income — tax bills and deliver billions of dollars in extra annual...
WASHINGTON (AP) — Democratic presidential candidate Kamala Harris on Saturday called for a significant federal investment in teacher pay, the first policy proposal that she has put forth since...
Yellen critical of Trump’s grasp of economic policy
WASHINGTON (AP) — Former Federal Reserve Chair Janet Yellen says she doubts that President Donald Trump has a good grasp of economic policy or even knows the Federal Reserve's mandates.
Steyer to hold Trump impeachment town hall in Las Vegas
LAS VEGAS (AP) — California billionaire and Democratic activist Tom Steyer is holding a town hall in Las Vegas to discuss his push to impeach President Donald Trump.
Steyer's event Monday night at the Nevada State Education Association will also discuss economic policy and the need for people to earn a living wage.
Steyer had been weighing a run for president in 2020 but announced last week he would not run and instead would focus on his impeachment campaign.
AP NewsBreak: Judge dismisses Alaska bonding plan lawsuit
JUNEAU, Alaska (AP) — A state court judge has dismissed a challenge to former Gov. Bill Walker's plan to use bonding to pay Alaska's oil and gas tax credit obligations.
Superior Court Judge Jude Pate, in a written order dated Wednesday, granted the state's request to dismiss the challenge by resident Eric Forrer.
Pate said his role is not to make economic policy judgments or second-guess the Legislature but to apply the law of the state Constitution as interpreted by the Alaska Supreme Court.
Kentucky’s Medicaid enrollment dips ahead of new rules
FRANKFORT, Ky. (AP) — After years of expansion because of a poor economy and new eligibility rules, Kentucky's Medicaid population has been steadily declining as more people get jobs that pay them too much to be eligible for government-funded health care.
Argentina’s central bank chief resigns amid IMF negotiations
BUENOS AIRES, Argentina (AP) — Argentina's central bank chief resigned Tuesday amid negotiations with the International Monetary Fund.
The surprise resignation of Luis Caputo was announced in a bank statement that said he was leaving for personal reasons. But it came as the government was pushing for a new financing deal with the IMF aimed at helping Argentina's struggling economy.
New speculation on successor to European bank chief Draghi
FRANKFURT, Germany (AP) — A German news media report has stirred new speculation about who will succeed Mario Draghi as head of the European Central Bank, one of the world's most powerful economic policy posts.
WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve's independence despite his condemnation of the central bank for raising interest rates.
WASHINGTON (AP) — President Donald Trump's top economic policymakers insisted Sunday that the robust growth marked in the April-June quarter will maintain its pace and that he respects the Federal Reserve's independence despite his condemnation of the central bank for raising interest rates.
WASHINGTON (AP) — The Latest on the trade dispute between the United States and China as they impose new tariffs.
9:45 a.m. (8:45 p.m. Beijing time)
China says it has filed a second complaint to the World Trade Organization over the United States' move to impose tariffs on Chinese goods.
The Commerce Ministry said in a brief statement on its website that Beijing submitted the WTO complaint Friday against measures taken by the U.S.
KUALA LUMPUR, Malaysia (AP) — Pardoned Malaysian politician Anwar Ibrahim said Thursday that decades-old affirmative action policies for the country's Malay majority must be discarded in favor of a new program to help the poor regardless of race.
In an interview with The Associated Press, the prime minister-in-waiting also said he plans to run in a by-election this year to become a member of Parliament but that he isn't in a rush to take over the top job.
Do wage theft laws in Ohio harm or help workers?
Cleveland, Ohio -- Matthew J. Grassi got to savor victory for only a few minutes.
The Ohio Department of Commerce had just awarded him $1,701 in a wage theft claim against his former employer. Then the investigator told him, "It is going to really be difficult for you to see this money."
- The Times-TribuneFortune 500 Company PPL Not Only Paid No Federal Taxes Last Year, It Got A $19 Million RebateMay 8, 2019
- Wilkes-Barre Citizens' VoiceRaise Minimum Wage In StateMarch 29, 2019
- Connecticut PostWhy Lehman will win the job as gov’s economic chiefMarch 4, 2019
- The DayMalloy's mixed and contentious legacyJanuary 7, 2019
WASHINGTON (AP) — President Donald Trump has nominated a University of Maryland professor to a Treasury department post.
The White House released a statement Tuesday announcing the intent to nominate Michael Faulkender to be assistant secretary of the Treasury for economic policy.
President Donald Trump will name Larry Kudlow, the conservative media analyst who served as his informal economic adviser during the 2016 campaign, as the next head of the White House National Economic Council, two sources familiar with the decision tell CNN.
Trump offered Kudlow the job Tuesday night over the phone and he accepted, the source said.
White House press secretary Sarah Sanders later confirmed Kudlow's hire in a statement to reporters.
WASHINGTON — Can we run the economy "hot"?
To those who think President Donald Trump's economic policy is simply an extended program to make the rich richer, there is another, more subtle possibility. The focus on the rich, while understandable, simplifies and misrepresents Trump's larger ambition. This is to create an economy that is operating at the outer edges of its productive capacity — one that is exhausting its supply of workers and surplus of goods and services.
CHERRY HILL, N.J. (AP) — In a story March 4 about some states trying to circumvent the new federal cap on state and local tax deductions, The Associated Press cited the wrong source for projections about the percentage of high-income residents in some states facing tax increases. The analysis was from the Institute on Taxation and Economic Policy, not the Tax Policy Center.
A corrected version of the story is below:
Democrats' seek to help wealthy in response to tax changes
Chinese president’s top economic adviser going to Washington
BEIJING (AP) — Chinese President Xi Jinping's top economic adviser will hold talks with American officials in Washington this week amid tensions over trade, technology and other issues, the foreign ministry announced Monday.
Liu He will discuss bilateral relations and cooperation on trade and economic matters, ministry spokesman Lu Kang said. He gave no details of whom Liu will meet or what message he will deliver on the six-day visit beginning Tuesday.
Most in survey see US fiscal policy as too aggressive
WASHINGTON (AP) — A majority of business economists now view the government's tax and spending policy as moving too aggressively to stimulate economic growth, setting up a potential increase in the deficit in the coming years, a new survey shows.
AP Analysis: Trump’s economic policy rooted in debt
WASHINGTON (AP) — One clear principle runs through President Donald Trump's emerging economic policy: Debt is good.
Analysis: Trump policy sees only good in borrowing, debt
WASHINGTON (AP) — One clear principle runs through President Donald Trump's emerging economic policy: Debt is good.
INSTITUTE ON TAXATION AND ECONOMIC POLICY: Impact of tax bills on N.C. residents’ federal taxes
Editor's note: The Institute on Taxation and Economic Policy, with offices in Washington D.C, and Durham, has analyzed the impact of the tax change proposals on North Carolina taxpayers. A full report with the state-by-state impact of the House plan is here. A report with the state-by-state impact of the Senate proposals is here.
- Business WireCTA: Even Delayed Tariffs Mean Consumer Pain, Business UncertaintyAugust 13, 2019
- Business WireNew Report: Voters “Cross-Pressured” on the Economy and Immigration Could Decide the 2020 ElectionAugust 6, 2019
- Business WireNew Report Shows that Democrats Are More Unified Than Republicans on Views About the EconomyJune 11, 2019
WASHIINGTON — It will be Powell's Fed.
Assuming he's confirmed by the Senate, Jerome ("Jay") Powell will become the 16th chairman of the Federal Reserve Board in early 2018. Almost by definition, he instantly becomes the most important economic policymaker in the world. But who is he? Outside economic circles, hardly anyone knows.
Experts: Kansas depends on immigrant labor, foreign trade
LAWRENCE, Kan. (AP) — Experts are saying the Kansas economy is heavily dependent on global free trade and immigrant labor at a time when both are heated political issues.
The University of Kansas' Institute for Policy and Social Research sponsored the annual Kansas Economic Policy Conference on Thursday, the Lawrence Journal-World reported.
Tackling income gaps means confronting U.S.-sanctioned segregation, author tells Minneapolis Fed audience
The wealth and income gaps in the U.S. will be difficult to fix without drawing a line to the U.S. governments role in creating them, the author of a new book on those policies said at the Federal Reserve Bank of Minneapolis Thursday.
Federal housing and labor laws that discriminated against blacks after World War II are well-documented and their effects persist, Richard Rothstein said at the banks latest public event on economic opportunity and inclusive growth.
VATICAN CITY (AP) — They are stylistic opposites, one a bombastic tycoon-turned-president, the other a famously modest pope. They disagree openly on such weighty issues as immigration, climate change and economic policy.
WASHINGTON (AP) — President Donald Trump's proposed 2018 federal budget could be a boost to Maryland's sprawling defense industry but negatively affect the state's economy in other areas, according to analysts.
The administration's so-called "skinny budget," unveiled in March, seeks to increase national defense spending by $54 billion.
VINA DEL MAR, Chile (AP) — Representatives from countries that signed the failed Trans-Pacific Partnership began meeting Tuesday to discuss a possible new regional trade deal.
Senior officials from the 12 countries of the TPP, plus China, Colombia and South Korea, gathered in the seaside resort city of Vina del Mar. It's the first time the nations have met since President Donald Trump withdrew from the U.S. from the deal.
TOKYO (AP) — Japan's ruling party approved a change in party rules Sunday that could pave the way for Prime Minister Shinzo Abe to become the country's longest-serving leader in the post-World War II era.
It is a remarkable turnaround for Abe, who lasted only a year during an earlier stint as prime minister, and in a country that had six prime ministers in the six years before Abe returned to office in December 2012.
Max Abrahms, professor, Northeastern University, Boston
Chris Ahmuty, ACLU of Wisconsin
Richard V. Allen, Hoover Institution of War and former Reagan policy adviser
Barbara Arnold, former president of Madison School Board and member of Grandparents United for Madison Public Schools
Dean Baker, macroeconomist, Center for Economic Policy and Research
U.S. Sen. Tammy Baldwin, D-Madison
April Barker, attorney and co-vice president, Wisconsin Freedom of Information Council
Study shows Jackson has the nation’s widest gap between rich and poor
Teton County exists largely in its own world. Jackson Hole Airport is by far the busiest in the state and a thriving tourism economy has insulated the region from Wyoming's economic downturn driven by plummeting energy prices.
But that doesn’t mean Jackson doesn’t have its own problems.
A June study found that the resort town had the widest gap between rich and poor in the nation.
For now, Trump bears signs of a dealmaker, not a policymaker
WASHINGTON (AP) — He phones. He kibitzes. He cajoles. He threatens. He rewards.
It's a freewheeling style that President-elect Donald Trump used to stop Carrier from shipping 800 jobs from an Indiana factory to Mexico. And it marks a radical shift from the measured words and scripted events that typify most presidents-elect.
World Bank: Boosted spending can expand Philippine economy
MANILA, Philippines (AP) — The Philippine economy may grow faster than expected if public infrastructure spending is increased as planned, the World Bank said Monday.
If that happened, the country's economic growth may exceed the earlier forecasts of 6.4 percent this year and 6.2 percent in the next two years, the bank said.
It also noted some businesses might be cautious given uncertainty over the ultimate direction of macroeconomic policy under President Rodrigo Duterte's administration.
GOP Ohio lawmaker to resign, take Chamber of Commerce job
COLUMBUS, Ohio (AP) — A Republican state lawmaker from northwest Ohio plans to resign in two weeks to work for the Ohio Chamber of Commerce.
The Ohio House speaker says Rep. Jeff McClain, of Upper Sandusky, will resign Oct. 2. He's taking a job as the director of tax and economic policy for the chamber of commerce.
A great mystery of our time — one that should frame the campaign debate — is why the economic recovery has been so sluggish.
WASHINGTON ? A great mystery of our time ? one that should frame the campaign debate ? is why the economic recovery has been so sluggish. Consider this comparison.
After the brutal recession of the early 1980s (peak unemployment: 10.8 percent), it took only 11 months for employment to regain its pre-recession level. By contrast, it required 51 months after the Great Recession for employment to reach its pre-recession numbers.
AP FACT CHECK: Trump shapes facts to fit economic agenda
WASHINGTON (AP) — Donald Trump changed some of his facts to fit his agenda in what was billed as a major economic policy speech.
He wrongly accused Hillary Clinton of proposing to increase middle-class taxes and blamed crumbling roads and bridges on money spent on refugees, a minuscule expense in comparison with infrastructure. He overstated the corporate tax burden and declared the jobless rate — the prime statistic for holding leaders accountable for the state of the...