Government policy

July 20, 2018 - 4:21 am
BEIJING (AP) — China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but raises the risk of reigniting an outflow of capital Beijing spent months trying to stanch. On Friday, the yuan...
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Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 20, 2018 - 2:00 am
WASHINGTON (AP) — President Donald Trump on Thursday cast aside concerns about the Federal Reserve's independence, saying he was "not happy" with the Fed's recent interest rate increases. Trump told CNBC in an interview: "I don't like all of this work that we're putting into the economy and then I...
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Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 19, 2018 - 9:18 pm
WASHINGTON (AP) — President Donald Trump on Thursday cast aside concerns about the Federal Reserve's independence, saying he was "not happy" with the Fed's recent interest rate increases. Trump told CNBC in an interview: "I don't like all of this work that we're putting into the economy and then I...
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Marshall Miller, president of Miller and Company, holds up a photo of a vintage truck that he said was affected by previous U.S. tariffs, while speaking during a Commerce Department hearing on investigation into whether auto imports threaten national security, Thursday, July 19, 2018, at the Commerce Department in Washington. The Commerce Department holds a daylong hearing on the latest trade fight the Trump administration is primed to start: It wants to impose tariffs on imported autos and auto parts, a move that President Donald Trump says would aid American workers but that could inflate car prices, make U.S. manufacturers less competitive and draw retaliation from other nations. (AP Photo/Jacquelyn Martin)
July 19, 2018 - 5:36 pm
WASHINGTON (AP) — The U.S. Commerce Department sought feedback on President Donald Trump's plans to consider taxing auto imports. It got an earful at an all-day hearing Thursday. Critics lined up to urge the administration to reject auto tariffs. They argued that the taxes would raise car prices,...
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Russian Vladimir Putin gestures during a meeting with Russian ambassadors to foreign countries in Moscow, Russia, Thursday, July 19, 2018. Putin says his first summit with U.S. President Donald Trump was "successful" and is accusing Trump's opponents in the U.S. of hampering any progress on the issues they discussed. (Sergei Karpukhin/Pool Photo via AP)
July 19, 2018 - 2:21 pm
MOSCOW (AP) — Having Donald Trump in the White House is looking increasingly like a liability for the Kremlin, rather than an asset. But don't expect President Vladimir Putin to say that out loud. Russia's official assessment of Trump's high-stakes summit with Putin is carefully upbeat. In his...
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Kathleen Kraninger, President Donald Trump's nominee to be the director of the Bureau of Consumer Financial Protection, testifies before a Senate Banking Committee hearing on her confirmation on Capitol Hill in Washington, Thursday, July 19, 2018. (AP Photo/Manuel Balce Ceneta)
July 19, 2018 - 1:20 pm
WASHINGTON (AP) — Kathy Kraninger, President Donald Trump's nominee to take over the nation's watchdog for banks, credit card companies and payday lenders, made her public debut in front of the Senate Banking Committee on Thursday, where she faced extremely hostile questioning from Democrats...
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Sen. Doug Jones, D-Ala., joins Americans who work for international auto companies to demonstrate against trade tariffs they say will negatively impact U.S. auto manufacturing, on Capitol Hill in Washington, Thursday, July 19, 2018. (AP Photo/J. Scott Applewhite)
July 19, 2018 - 12:02 pm
WASHINGTON (AP) — The Latest on a U.S. Commerce Department hearing Thursday into whether imports of cars, trucks and auto parts pose a threat to American national security that would justify hitting them with tariffs (all times local): ___ 11:55 a.m. Auto dealers are coming out against the proposed...
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European Commission President Jean-Claude Juncker, left and European Council President Donald Tusk, second from left meet Chinese President Xi Jinping, unseen during a meeting at the Diaoyutai State Guesthouse in Beijing, China, Monday, July 16, 2018. (AP Photo/Ng Han Guan)
July 19, 2018 - 9:03 am
BRUSSELS (AP) — The European Union says it is already preparing measures to retaliate against the United States if President Donald Trump puts tariffs on imported cars and auto parts. The auto industry is a big employer and exporter in Europe, and the new tariffs could hit the region hard, as well...
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FILE - In this July 16, 2018, file photo, U.S. President Donald Trump, left, and Russian President Vladimir Putin shake hands at the beginning of a meeting at the Presidential Palace in Helsinki, Finland. If Donald Trump is serious about his public courtship of Vladimir Putin, he may want to take pointers from one of the Russian leader's longtime suitors: Chinese President Xi Jinping. In this political love triangle, Putin and Xi are tied by strategic need and a rare dose of personal affection, while Trump's effusive display in Helsinki showed him as an earnest admirer of the man leading a country long considered America's adversary. (AP Photo/Pablo Martinez Monsivais, File)
July 19, 2018 - 8:03 am
MOSCOW (AP) — Russian President Vladimir Putin called his first summit with President Donald Trump a success — but warned Thursday that Trump's opponents in the U.S. are hampering any progress on what they discussed, such as limiting their nuclear arsenals or ending the Syrian war. In his first...
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In this July 16, 2018 file photo interpreter Marina Gross, left, takes notes when U.S. President Donald Trump talks to Russian President Vladimir Putin at the beginning of their one-on-one-meeting at the Presidential Palace in Helsinki, Finland, Monday, July 16, 2018. (AP Photo/Pablo Martinez Monsivais)
July 19, 2018 - 7:53 am
MOSCOW (AP) — Russian President Vladimir Putin called his first summit with President Donald Trump a success — but warned Thursday that Trump's opponents in the U.S. are hampering any progress on what they discussed, such as limiting their nuclear arsenals or ending the Syrian war. In his first...
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