BERLIN (AP) — The German government is dismissing talk of a stimulus package for Europe's biggest economy as growth slows amid international trade tensions and one-off factors at home.
SANTA FE, N.M. (AP) — New Mexico legislators inched closer Wednesday to an annual budget agreement that is likely to increases spending on education by nearly half a billion dollars and channel a...
China’s premier reassures region on growth, South China Sea
SINGAPORE (AP) — China's premier sought Tuesday to reassure its neighbors that Beijing will push ahead with reforms needed to support growth across the region and also keep the peace in contested waters in the South China Sea.
Premier Li Keqiang said his government will favor reforms in the world's No. 2 economy over temporary boosts from economic stimulus as China copes with a gradual slowing of growth and a trade war with the United States.
FRANKFURT, Germany (AP) — Top officials at the European Central Bank were concerned about a strengthening euro and the possibility of a global trade war as they decided at their last meeting to go slow in removing economic stimulus.
GOP Sen. Orrin Hatch calls 'bull crap' on Sen. Sherrod Brown
WASHINGTON — Ohio Democrat Sen. Sherrod Brown on Thursday engaged in a heated exchange with Utah Republican Sen. Orrin Hatch over the Republican tax rewrite plan, ABC News reports.
Republican representatives on Thursday approved the $1.5 trillion tax cut in the U.S. House. On the same day, Republican U.S. senators signed off on its version of the tax cut during a Senate Finance Committee over Democrats' protests.
Republican tax cuts are being sold as economic stimulus. How does that differ from Obama’s stimulus?
Republican tax cuts are being sold as economic stimulus. How does that differ from Obama's stimulus?
WASHINGTON – The tax bill Congress might pass assumes that if corporations keep more of their profits by paying lower income taxes, the money will find its way back into a bigger, stronger economy.
Companies will invest, Republican lawmakers insist. Wages will grow. Hiring will pick up. Tax cuts, say supporters, are the ultimate economic stimulus.
Australian PM: Tony Abbott was once too drunk for Parliament
CANBERRA, Australia (AP) — Australia's prime minister confirmed Friday that his predecessor and intra-party rival Tony Abbott had once been too drunk to vote in Parliament, an incident that's been a poorly kept secret in political circles for eight years.
Prime Minister Malcolm Turnbull told Melbourne Radio 3AW on Friday that he was opposition leader in 2009 when Abbott was incapable of voting against government legislation to massively increase economic stimulus spending.
Raw: Tempers Flare in Taiwanese Parliament
WASHINGTON (AP) — President Donald Trump disparaged his predecessor's economic stimulus spending Tuesday as a windfall for social programs and said he's unaware of anything built from the money steered to infrastructure.
That's a mischaracterization of former President Barack Obama's 2009 stimulus package, which had tax cuts as its largest component and plowed more than $100 billion into highway, transit and other "shovel-ready" infrastructure projects, to use the buzz phrase of that time.
Southern Indiana city renames road after President Obama
NEW ALBANY, Ind. (AP) — The southern Indiana city of New Albany has renamed a local road in honor of President Barack Obama days before the president leaves office.
Crews installed signs Friday renaming Reas Lane as Barack Obama Way. The Ohio River city's board of works approved the name-change in late 2016.
Global stocks lower after Trump offers scant policy details
KUALA LUMPUR, Malaysia (AP) — Global stocks mostly fell Thursday after President-elect Donald Trump offered scant details on policies during his news conference. Investors had been hoping for a clearer sense of his plans for trade and economic stimulus.
Asian shares mixed after Trump offers scant policy details
KUALA LUMPUR, Malaysia (AP) — Asian shares were mixed Thursday following President-elect Donald Trump's press conference. Trump offered scant details on policies, disappointing investors hoping for a clearer sense of his plans for trade and economic stimulus.
Yellen signals caution about Trump’s economic stimulus plan
WASHINGTON (AP) — President-elect Donald Trump has pledged deep tax cuts and increased infrastructure spending to restore lost jobs, accelerate the economy and bring prosperity to more Americans.
Janet Yellen has her doubts.
After a presidential campaign full of blunt words and sweeping promises, the Federal Reserve chair sought Wednesday to make a nuanced point: The moment for a deficit-fueled stimulus to improve job creation has likely passed.
Global stocks extend European stimulus-inspired rally
KUALA LUMPUR, Malaysia (AP) — Global stocks continued to rise Friday as investors remained buoyed by the European Central Bank's decision to extend its bond-buying economic stimulus program. South Korea's benchmark slipped as lawmakers voted to impeach President Park Geun-hye over a corruption scandal.
Asian shares meander as ECB-inspired rally fades
KUALA LUMPUR, Malaysia (AP) — Asian shares meandered Friday as an overnight rally in U.S. markets helped by the European Central Bank's decision to extend its bond-buying economic stimulus program faded. South Korea's benchmark slipped as lawmakers prepared to vote on whether or not to impeach President Park Geun-hye.
With a gaping hole in the state budget, depleted reserves and no chance of salvation from the sort of federal economic stimulus funding that saved New Mexico during another financial predicament in 2010, any solution legislators craft for the current budget crisis will likely require compromise from both parties.
The backdrop of an election season, however, has cast doubt on the prospects of a quick and clean deal.
Japan Cabinet OKs new stimulus package to pump up growth
TOKYO (AP) — Japan's Cabinet approved a fresh economic stimulus package on Tuesday worth more than 28 trillion yen ($275 billion), Prime Minister Shinzo Abe's latest effort to get the stalling recovery back on track.
Abe called the package, part of a supplementary budget for the parliament to approve in an extraordinary session starting in September, "an investment for the future."
It focuses on Japan's agriculture and tourism, and on providing support for the...
TOKYO (AP) — Japanese Prime Minister Shinzo Abe announced plans Wednesday for a fresh barrage of economic stimulus to help revive stalling growth.
Speaking in the southern city of Fukuoka, Abe put the scale of the extra spending at more than 28 trillion yen ($265 billion).
That would be nearly 6 percent of Japan's GDP. But analysts said they believed much of the money was already in the pipeline, and the money would be spread out over multiple years, diluting its...
TOKYO (AP) — Japan's government and central bank appear to be readying a fresh dose of economic stimulus to help revive stalling growth.
Shares in Tokyo jumped Wednesday after the Fuji TV network reported Prime Minister Shinzo Abe planned to introduce a new economic stimulus package amounting to about 27 trillion yen ($254 billion).
Staff in Abe's office would not confirm reports he planned to make a formal announcement of the proposal sometime later in the...