Government finance

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 10, 2020 - 6:32 pm
WASHINGTON (AP) — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022. At the same time, the Fed said it will keep buying about $120 billion in Treasury and...
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Treasury Secretary Steven Mnuchin speaks during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, Wednesday, June 10, 2020 on Capitol Hill in Washington. (Kevin Dietsch/Pool via AP)
June 10, 2020 - 6:14 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin on Wednesday said he believes the U.S. economy will need more help to pull out of the recession, but added that the next round of support should be more targeted to the hardest hit parts of the economy. Mnuchin, testifying before the Senate Small...
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This May 14, 2020, photo shows an AMC theater sign at a nearly empty parking lot for the theater in Londonderry, N.H. After three months of near total blackout of cinemas nationwide, movie theaters are preparing to reopen - even if it means only a few titles on the marquee and showings limited to as little as 25% capacity. (AP Photo/Charles Krupa)
June 10, 2020 - 3:20 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ SALES RESULTS: — AMC Entertainment lost nearly $2...
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A shopper in a mask walks in front of a shuttered store in downtown Allentown, Pa., Friday, May 29, 2020. Unfilled potholes, uncollected trash, un-mowed grass and, most significantly, fewer cops on the street are some of what the city of Allentown, Pennsylvania, says it’s facing unless Washington helps it plug a multimillion-dollar budget hole left by the pandemic. (AP Photo/Matt Rourke)
June 10, 2020 - 3:17 pm
ALLENTOWN, Pa. (AP) — Unfilled potholes, uncollected trash, unmown grass and, most significantly, fewer police on the street are some of what Allentown says it’s contemplating unless Washington helps it plug a multimillion-dollar budget hole left by the coronavirus pandemic. Pennsylvania’s third-...
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FILE - In this Dec. 9, 2019, file photo mist rolls over the U.S. Capitol dome on Capitol Hill in Washington. The federal government recorded a budget deficit of $1.88 trillion for the first eight months of 2020, larger than even any annual shortfalls in U.S. history. The sea of red ink grew as government spending shot up to deal with the coronavirus pandemic and tax revenue shrank when millions lost their jobs. (AP Photo/Patrick Semansky, File)
June 10, 2020 - 3:09 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget year, larger than even any annual shortfalls in U.S. history. The sea of red ink grew as government spending shot up to deal with the coronavirus pandemic and tax revenue...
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George Floyd's funeral procession arrives at Houston Memorial Gardens cemetery, Tuesday, June 9, 2020, in Pearland, Texas. (AP Photo/Eric Gay)
June 09, 2020 - 11:43 pm
TOP OF THE HOUR: — `He is going to change the world’: Funeral held for George Floyd. — New York passes bill to unveil police discipline records. — Officials back off removing temporary fencing at White House. — Portland mayor to redirect $7 million from police budget to other areas. — National...
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Chairman Sen. Chuck Grassley, R-Iowa, listens during a Senate Finance Committee hearing on "COVID-19/Unemployment Insurance" on Capitol Hill in Washington on Tuesday, June 9, 2020. (Leah Millis/Pool via AP)
June 09, 2020 - 5:32 pm
WASHINGTON (AP) — Compounding the hardships of the coronavirus, some nursing homes have demanded that low-income residents turn over their $1,200 economic stimulus checks, a cash grab lawmakers want to halt. On Tuesday, Sens. Chuck Grassley, R-Iowa, and Ron Wyden, D-Ore., called on the Health and...
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This image released by Netflix shows, from left, Isiah Whitlock Jr., Norm Lewis, Clarke Peters, Delroy Lindo and Jonathan Majors in a scene from the Spike Lee film "Da 5 Bloods." (David Lee/Netflix via AP)
June 08, 2020 - 2:59 pm
Here’s a collection curated by The Associated Press’ entertainment journalists of what’s arriving on TV, streaming services and music platforms this week. MOVIES “Da 5 Bloods”: It’s always the right time for a Spike Lee joint and thankfully Netflix has his latest ready to debut Friday. Four...
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Protesters march Saturday, June 6, 2020, in New York. Demonstrations continue across the United States in protest of racism and police brutality, sparked by the May 25 death of George Floyd in police custody in Minneapolis. (AP Photo/Ragan Clark)
June 08, 2020 - 12:13 pm
WASHINGTON (AP) — Protesters are pushing to “defund the police" over the death of George Floyd and other black Americans killed by law enforcement. Their chant has become a rallying cry — and a stick for President Donald Trump to use on Democrats as he portrays them as soft on crime. But what does...
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June 08, 2020 - 12:01 am
WASHINGTON (AP) — Business economists expect the United States to suffer its worst downturn this year in more than seven decades before growth resumes sometime next year. Overhanging that forecast, though, is the risk that a second wave of the coronavirus could threaten the economy once again. A...
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