Economic policy

Treasury Secretary Steven Mnuchin , center, walks to a Republican luncheon, Tuesday, July 21, 2020, while attending meetings on Capitol Hill in Washington. In the background at center left is White House Chief of Staff Mark Meadows. (AP Photo/Jacquelyn Martin)
July 21, 2020 - 10:10 pm
WASHINGTON (AP) — The price tag for the next COVID-19 aid package could quickly swell above $1 trillion as White House officials negotiate with Congress over money to reopen schools, prop up small businesses, boost virus testing and keep cash flowing to Americans while the virus crisis deepens in...
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This Wednesday, Oct. 30, 2019 file photo shows Ohio State Representative Larry Householder (R), of District 72, stands at the head of a legislative session as Speaker of the House, in Columbus. FBI agents were at the farm of Householder on Tuesday morning, hours ahead of a planned announcement of a $60 million bribe investigation by federal prosecutors. (AP Photo/John Minchillo, File)
July 21, 2020 - 3:56 pm
COLUMBUS, Ohio (AP) — The powerful Republican speaker of the Ohio House and four associates were arrested Tuesday in a $60 million federal bribery case connected to a taxpayer-funded bailout of Ohio’s two nuclear power plants. Hours after FBI agents raided Speaker Larry Householder’s farm, U.S...
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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 - 3:01 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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Senate Majority Leader Mitch McConnell of Ky., listens as President Donald Trump speaks during a meeting in the Oval Office of the White House, Monday, July 20, 2020, in Washington. (AP Photo/Evan Vucci)
July 20, 2020 - 9:46 pm
WASHINGTON (AP) — President Donald Trump acknowledged Monday a “big flareup” of COVID-19 cases, but divisions between the White House and Senate Republicans and differences with Democrats posed fresh challenges for a new federal aid package with the U.S. crisis worsening and emergency relief about...
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FILE - In this May 22, 2020, file photo the Dome of the U.S. Capitol Building is visible through heavy fog in Washington. With COVID-19 cases hitting alarming new highs and a grim rising death toll, the pandemic's devastating cycle is happening all over again, leaving Congress little choice but to engineer another costly rescue. (AP Photo/Andrew Harnik, File)
July 19, 2020 - 7:21 pm
WASHINGTON (AP) — Top Republicans in Congress were expecting to meet Monday with President Donald Trump on the next COVID-19 aid package as the administration panned more virus testing money and interjected other priorities that could complicate quick passage. Senate Majority Leader Mitch McConnell...
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FILE - In this April 2, 2014, file photo, members of the media wait outside of the Bernie Beck Gate, an entrance to the Fort Hood military base in Fort Hood, Texas. Federal agents have seized more than 20 vehicles and the money in 10 bank accounts from a couple of U.S. Army veterans in Texas, who they say used personal information stolen from soldiers to defraud the military out of as much as $11 million. In an affidavit filed in court in June 2020 seeking to search the couple's home in Killeen, near Fort Hood, investigators described how they allegedly used a transportation reimbursement program to swindle the Army out of $2.3 million to $11.3 million. (AP Photo/Tamir Kalifa, File)
July 16, 2020 - 4:25 pm
DALLAS (AP) — Federal agents have seized more than 20 vehicles and the money from 10 bank accounts belonging to married U.S. Army veterans in Texas, saying the pair used personal information stolen from soldiers to defraud the military out of as much as $11 million. Army investigators obtained...
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House Speaker Nancy Pelosi of Calif., pauses during a news conference on Capitol Hill in Washington, Wednesday, July 15, 2020, to mark two months since House passage of "The Heroes Act" or the Health and Economic Recovery Omnibus Emergency Solutions Act. (AP Photo/Andrew Harnik)
July 15, 2020 - 6:07 pm
WASHINGTON (AP) — Two months after House Democrats approved a $3 trillion COVID-19 aid package, Senate Republicans are poised to unveil their $1 trillion counteroffer, straining to keep spending in check as the virus outbreak spreads and societal fallout deepens. Senate Majority Leader Mitch...
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FILE- In this Tuesday, Feb. 25, 2020 file photo, robots work on an electric car ID.3 body at the assembly line during a press tour at the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany. The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up despite a deeply painful recession, mainly thanks to the action of governments. (AP Photo/Jens Meyer, file)
July 15, 2020 - 6:47 am
FRANKFURT, Germany (AP) — The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than the overall market amid a deeply painful recession, mainly thanks to the action of...
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FILE - In this June 29, 2019, file photo President Donald Trump, left, poses for a photo with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, Japan. China has fast become a top election issue as President Donald Trump and Democrat Joe Biden engage in a verbal brawl over who's better at playing the tough guy against Beijing. (AP Photo/Susan Walsh, File)
AP Newsroom
July 12, 2020 - 3:31 pm
WASHINGTON (AP) — China has fast become a top election issue as President Donald Trump and Democrat Joe Biden engage in a verbal brawl over who's better at playing the tough guy against Beijing. The Trump campaign put out ads showing Biden toasting China's Xi Jinping, even though Trump did just...
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