Government finance

European Parliament President David Sassoli talks during a news conference following the recovery financial plan deal at the EU leaders summit, at the European Parliament in Brussels, Wednesday, July 22, 2020. After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro (dollars 2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. (Francois Lenoir, Pool Photo via AP)
July 22, 2020 - 8:24 am
BRUSSELS (AP) — The European Parliament's president criticized Wednesday the cuts to key programs that the EU's 27 leaders approved in the bloc's long-term budget at a marathon summit this week. The seven-year budget worth 1.07 trillion ($1.2 trillion) was negotiated in tandem with a 750 billion-...
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Democratic presidential candidate former Vice President Joe Biden speaks at a campaign event at the Colonial Early Education Program at the Colwyck Training Center, Tuesday, July 21, 2020, in New Castle, Del. (AP Photo/Andrew Harnik)
July 21, 2020 - 4:23 pm
NEW CASTLE, Del. (AP) — Joe Biden offered a massive plan on Tuesday to create 3 million jobs and improve care for children and the elderly as he accused President Donald Trump of having “quit” on the country during a deadly pandemic. The presumptive Democratic presidential nominee promised to spend...
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FILE - In this Feb. 13, 2020 file photo, President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington. In a shift, the Senate Banking Committee is likely to back President Donald Trump's unconventional nomination of Shelton for the Federal Reserve's Board of Governors in a party-line vote Tuesday, July 21. (AP Photo/J. Scott Applewhite, File)
July 21, 2020 - 3:59 pm
WASHINGTON (AP) — The Senate Banking Committee on Tuesday approved President Donald Trump's choice of Judy Shelton for the Federal Reserve board of governors on a party-line vote, overcoming widespread questions about her qualifications for the Fed. Committee Chairman Sen. Mike Crapo, Republican of...
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German Chancellor Angela Merkel, left, and French President Emmanuel Macron walk onto the podium prior to a media conference at the end of an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (John Thys, Pool Photo via AP)
July 21, 2020 - 11:00 am
FRANKFURT, Germany (AP) — European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the virus outbreak. Pushed by Germany's Angela Merkel and France's Emmanuel...
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European Commission President Ursula von der Leyen, left, and European Council President Charles Michel bump elbows after addressing a media conference at an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (Stephanie Lecocq, Pool Photo via AP)
July 21, 2020 - 6:33 am
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. EU FINALLY REACHES SUMMIT DEAL To confront the biggest recession in its history, European Union leaders clinched an unprecedented $2.1 trillion budget and coronavirus recovery fund. 2. WHAT...
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German Chancellor Angela Merkel, right, and French President Emmanuel Macron prepare to address a media conference at the end of an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (John Thys, Pool Photo via AP)
July 21, 2020 - 6:22 am
BRUSSELS (AP) — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. The 27 leaders grudgingly committed to...
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Dutch Prime Minister Mark Rutte, center left, elbow bumps with European Council President Charles Michel, center right, as German Chancellor Angela Merkel, right, walks by during a round table meeting at an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders are expressing cautious optimism that a deal is in sight as they moved into their fifth day of wrangling over an unprecedented budget and coronavirus recovery fund. (Stephanie Lecocq, Pool Photo via AP)
July 21, 2020 - 4:52 am
MITO, Japan (AP) — U.S. lawmakers remained far apart Tuesday on a deal to provide more financial relief for Americans as European leaders thrashed out a plan for their pandemic-ravaged economies. Meanwhile, testing of an experimental vaccine showed it may produce an immune response against the...
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French President Emmanuel Macron, second left, speaks with German Chancellor Angela Merkel during a round table meeting at an EU summit in Brussels, Monday, July 20, 2020. Weary European Union leaders are expressing cautious optimism that a deal is in sight on their fourth day of wrangling over an unprecedented budget and coronavirus recovery fund. (John Thys, Pool Photo via AP)
July 20, 2020 - 11:47 pm
BRUSSELS (AP) — Weary European Union leaders finally clinched an unprecedented 1.82 trillion euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, somehow finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest...
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Shoppers wearing protective facemasks amid the spread of the new coronavirus load groceries from a dollar store in Havana, Cuba, Monday, July 20, 2020. Cuba has expanded the types of stores that accept dollars for payment to include food stores, as part of the government’s effort to capture much needed hard currency to shore up the island’s ailing economy. (AP Photo/Ramon Espinosa)
July 20, 2020 - 7:02 pm
HAVANA (AP) — Cuba opened shops Monday that accept only foreign currencies and eliminated a special tax on the U.S. dollar, deepening a process of collecting stronger currencies to face the country's economic crisis. By morning, long queues had formed in a half-dozen such shops in Havana dedicated...
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Democratic presidential candidate, former Vice President Joe Biden speaks during a campaign event, Tuesday, July 14, 2020, in Wilmington, Del. (AP Photo/Patrick Semansky)
July 20, 2020 - 5:53 pm
WASHINGTON (AP) — Joe Biden is calling President Donald Trump's handling of the coronavirus pandemic “inept” in a new statement that lays out his priorities for the next relief package in Congress. In the statement, shared first Monday with The Associated Press, Biden charged that Trump has “turned...
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