Government finance

FILE - In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. Hundreds of thousands of dollars in coronavirus relief payments have been sent to people behind bars across the United States, and now the IRS is asking state officials to help claw back the cash that the federal tax agency says was mistakenly sent. (AP Photo/Eric Gay, File)
June 24, 2020 - 12:01 pm
BOISE, Idaho (AP) — Hundreds of thousands of dollars in coronavirus relief payments have been sent to people behind bars across the United States, and now the IRS is asking state officials to help claw back the cash that the federal tax agency says was mistakenly sent. The legislation authorizing...
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Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as the viral outbreak keeps more people at home. (AP Photo/Keith Srakocic)
June 22, 2020 - 9:34 am
WASHINGTON (AP) — Existing home sales in the U.S. plunged 9.7% in May. It was the third straight monthly decline and further evidence of the harm the virus pandemic has done to the housing market. The National Association of Realtors said Monday that the monthly decline pushed sales down to a...
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European Council President Charles Michel, top of screen, speaks to EU leaders during an EU summit, in video conference format, at the European Council in Brussels, Friday, June 19, 2020. As they brace for the worst economic downturn since the Great Depression, leaders of the European Union's member states will discuss on Friday the bloc's future long-term budget and a multi-billion post-coronavirus recovery plan. (Olivier Hoslet, Pool Photo via AP)
June 19, 2020 - 7:57 am
BRUSSELS (AP) — European Union leaders found that a quick deal on the bloc’s future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach Friday as the coronavirus ravages their economies. Following a four-hour video summit aimed at paving the way for a...
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Builders work on ascaffolding in London, Wednesday, June 17, 2020. After the easing of lockdown during the COVID-19 pandemic, most construction companies have restarted their business but official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its lockdown. (AP Photo/Frank Augstein)
June 18, 2020 - 12:55 pm
LONDON (AP) — The Bank of England unveiled another big stimulus package for the U.K. economy as it tries to limit the scale of the coronavirus recession, which it now believes will be “less severe” than it feared last month. In a statement Thursday, the bank’s policy making panel said it was...
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In this picture taken on Thursday, June 11, 2020, Viktor Babariko, candidate presidential elections and the former head of Belgazprombank, speaks to media during a news conference in Minsk, Belarus. Belarusian authorities have taken control of a Russia-owned commercial bank that was led by a man who is now running to challenge Belarus’ authoritarian president. President Alexander Lukashenko, who is seeking a sixth term in the Aug. 9 election, has accused Belgazprombank chief executive Viktor Babariko of corruption and called him a “scoundrel.” (AP Photo/Sergei Grits)
June 18, 2020 - 12:02 pm
Belarusian authorities on Thursday detained the former head of a Russia-owned commercial bank who has emerged as the top challenger to Belarus’ authoritarian leader in the August election. President Alexander Lukashenko, who is seeking a sixth term in the Aug. 9 vote, has accused Belgazprombank...
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FILE - In this Wednesday, April 15, 2020 file photo, European Council President Charles Michel speaks during a media conference on the European Union response to the COVID-19 crisis at EU headquarters in Brussels. European leaders on Friday June 19, 2020, are to discuss a multi-billion post-coronavirus recovery plan and details of the next long-term EU budget, but without real hope a compromise will be found. (John Thys, Pool Photo via AP, File)
June 18, 2020 - 8:44 am
BRUSSELS (AP) — With much discord still among European Union leaders, a video summit this week seems to have no hope of finding a compromise on a multibillion-euro post-coronavirus recovery plan or on the long-term EU budget. Several EU officials and government leaders have shot down expectations...
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FILE - In this Wednesday, June 10, 2020 file photo, French Finance Minister Bruno Le Maire attends a press conference after the weekly cabinet meeting. France’s finance minister has called the withdrawal of the Trump administration from negotiations on a major digital services tax a “provocation.” Bruno Le Maire made the comment Thursday, June 18, 2020 on France Inter, saying France will still implement the tax. Le Maire was referring to a letter in which U.S. Treasury Secretary Steven Mnuchin told the finance ministers of France, Spain, Italy and the United Kingdom that he was suspending talks on the tax. The letter was first reported by the Financial Times. (Ludovic Marin, Pool via AP, File)
June 18, 2020 - 8:23 am
PARIS (AP) — European countries are slamming the Trump administration's withdrawal from negotiations on a major digital services tax. French Finance Minister Bruno Le Maire, speaking on France Inter, called it a “provocation” and said France will still implement the tax regardless of the U.S...
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This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve said Monday, June 15, 2020 that it will begin purchasing corporate bonds as part of a previously-announced program to ensure companies can borrow through the bond market during the pandemic The program will purchase already-issued bonds on the open market and will seek to build a “broad and diversified” portfolio that will mimic a bond-market index. (AP Photo/Patrick Semansky)
June 15, 2020 - 7:35 pm
WASHINGTON (AP) — The Federal Reserve said Monday that it will begin purchasing corporate bonds as part of a previously announced plan to ensure companies can borrow through the bond market during the pandemic. The program will purchase existing bonds on the open market, as opposed to newly issued...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)
June 15, 2020 - 4:20 pm
NEW YORK (AP) — Wall Street rallied back from a sharp, early slump on Monday to notch modest gains after the Federal Reserve unveiled its latest push to prop up the economy. The S&P 500 climbed 0.8% in the latest day of big swings for global markets, as a remarkable, weekslong rally shows some...
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President Donald Trump listens during a roundtable discussion about "Transition to Greatness: Restoring, Rebuilding, and Renewing," at Gateway Church Dallas, Thursday, June 11, 2020, in Dallas.(AP Photo/Alex Brandon)
June 12, 2020 - 4:51 pm
President Donald Trump said Friday he wants “a new and updated” Republican Party platform after the Republican National Committee voted this week to carry over the 2016 document. But Trump may be stuck with the old platform, which is peppered with jeremiads about the “current administration” that...
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