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Fiscal Policy - News Headlines

As economy slows, new ECB head Lagarde faces big challenges
| October 31st, 2019  10:59 AM
As economy slows, new ECB head Lagarde faces big challenges
FRANKFURT, Germany (AP) — Europe's economy is losing steam. Top officials at the European Central Bank are at odds over policy. And it's even unclear whether they can do much to help anyway. It adds up to a full in-tray for Christine Lagarde as she takes over as ECB president on Friday. The former head of the International…
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China pledges support for private market, no stimulus plans
China pledges support for private market, no stimulus plans
October 31st, 2019  7:09 AM

China's leaders pledge support for private business, give no sign of initiatives to boost sagging growth

International trade news icon
US economy grows at modest 1.9% rate in third quarter
October 30th, 2019  4:42 PM

US economy grows at modest 1.9% rate in July-September quarter as business investment declines

Draghi stepped in during euro's darkest hour
Draghi stepped in during euro's darkest hour
October 28th, 2019  12:32 PM

Mario Draghi is widely credited with rescuing one of the Europe Union's most precious projects _ its 20-year-old single currency _ from disaster with a well-timed phrase and actions to back up his words

Financial markets news icon
US budget deficit hits $984 billion, highest in 7 years
October 25th, 2019  2:50 PM

US federal budget deficit soars to $984 billion, its highest level in 7 years

Outgoing ECB chief defends legacy against stimulus skeptics
Outgoing ECB chief defends legacy against stimulus skeptics
October 24th, 2019  11:13 AM

As he winds up his eight-year term, European Central Bank President Mario Draghi says his legacy isn't dented by the unusual public criticism of a key part the bank's last stimulus package

Government policy news icon
Outgoing ECB chief says legacy not dented by criticism
October 24th, 2019  9:12 AM

As he winds up his eight-year term, European Central Bank President Mario Draghi says his legacy isn't dented by the unusual public criticism of a key part the bank's last stimulus package

The Latest: Draghi says his legacy not dented by criticism
The Latest: Draghi says his legacy not dented by criticism
October 24th, 2019  8:55 AM

As he winds up his eight-year term, European Central Bank President Mario Draghi says his legacy isn't dented by the unusual public criticism by some ECB officials of a key part the bank's last stimulus package

Government policy news icon
Draghi era ends with divisions over latest stimulus
October 24th, 2019  7:57 AM

European Central Bank President Mario Draghi, whose vow to do "whatever it takes" is seen as a turning point in the eurozone's crisis, presides over his last policy meeting amid opposition to a stimulus package that will be part of his legacy.

Brazil Congress passes landmark overhaul of pension system
Brazil Congress passes landmark overhaul of pension system
October 22nd, 2019  10:44 PM

Brazil's Senate has given final congressional approval to an overhaul of Brazil's pension system, capping years of stalled efforts to sway public opinion and rein in unsustainable government spending on retirement

Government policy news icon
Brazil Congress passes landmark pension reform
October 22nd, 2019  6:39 PM

Brazil's Congress has approved an overhaul to its pension system, capping years of stalled efforts to rein in unsustainable government spending on retirement

Government policy news icon
Trump administration defends its get-tough trade policies
October 19th, 2019  11:56 AM

The Trump administration is defending its get-tough approach to trade against widespread attacks from America's trading partners while at the same time arguing that many countries must increase government spending to boost global growth

China's economic slowdown deepens, weighing on global growth
China's economic slowdown deepens, weighing on global growth
October 18th, 2019  11:04 AM

China's quarterly economic growth sinks to 26-year low amid tariff war with Washington, adding to deepening slump that weighs on global growth

Eurozone inflation revised down to near 3-year lows
Eurozone inflation revised down to near 3-year lows
October 16th, 2019  6:47 AM

Inflation in the 19-country eurozone has fallen to its lowest rate since November 2016

After ending protests, Ecuador faces dire economic outlook
After ending protests, Ecuador faces dire economic outlook
October 15th, 2019  6:16 PM

Ecuadorian President Lenín Moreno survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces the even tougher challenge of getting government spending under control.

Ecuador crisis weakens president, strengthens indigenous
Ecuador crisis weakens president, strengthens indigenous
October 14th, 2019  9:41 PM

Analysts say Ecuador's president appears weakened after nearly two weeks of protests that forced him to reverse an austerity plan that he called necessary for the country's future

Ecuador starts cleanup after deal to end indigenous protests
Ecuador starts cleanup after deal to end indigenous protests
October 14th, 2019  3:03 PM

Thousands of indigenous demonstrators, student volunteers and local residents launch a massive cleanup of a Quito park where anti-austerity protesters fought police for days

Ecuador deal cancels austerity plan, ends indigenous protest
Ecuador deal cancels austerity plan, ends indigenous protest
October 14th, 2019  2:19 AM

Ecuador is celebrating a deal President Lenín Moreno and indigenous leaders struck to cancel a disputed austerity package and end nearly two weeks of protests

Government policy news icon
Ecuador indigenous, president strike deal to end protests
October 14th, 2019  1:35 AM

Ecuador is celebrating a deal President Lenín Moreno and indigenous leaders struck to cancel a disputed austerity package and end nearly two weeks of protests

Government policy news icon
European Central Bank minority opposed bond-buying stimulus
October 10th, 2019  11:22 AM

A number of European Central Bank officials objected at their last meeting to the decision to launch bond purchases to help the economy.

Government policy news icon
US stocks sink following weak services sector report
October 3rd, 2019  10:38 AM

U.S. stocks fell for a third straight day after yet another disappointing report on the economy stoked fears of a slowdown. The services sector, which makes up the bulk of the U.S. economy, grew at a slower pace in September than economists had forecast.

Eurozone inflation drops, underlining case for stimulus
Eurozone inflation drops, underlining case for stimulus
October 1st, 2019  6:17 AM

Inflation in the 19-country eurozone weakened in September, underlining European Central Bank President Mario Draghi's arguments for a recent stimulus package

Australia cuts key interest rate to record low 0.75%
Australia cuts key interest rate to record low 0.75%
October 1st, 2019  2:34 AM

Australia's central bank has cut its benchmark interest rate by a quarter of a percentage point for the third time since June to a new record low of 0.75% in a bid to boost a flagging economy

Mario Draghi
Draghi calls for more government spending to support growth
September 30th, 2019  10:32 AM

European Central Bank head Mario Draghi is saying that its stimulus measures including negative interest rates will have to stay in place longer if governments do not step up growth-friendly spending

Leszek Balcerowicz
Author of Polish market reforms defends legacy amid backlash
September 27th, 2019  4:15 AM

Author of Polish market reforms of 30 years ago forced to defend legacy as Poles again seek a greater state role in the economy

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