Financial crisis

A demonstrator attends a protest to demand more resources for public health system in Madrid, Spain, Sunday, Nov. 29, 2020. The organizers delivered a manifesto to the Madrid regional authorities demanding the end privatization of the health system. The mask reads in Spanish "Public health system". (AP Photo/Bernat Armangue)
November 29, 2020 - 2:53 pm
CHICAGO — Public health officials in Illinois on Sunday reported 57 more deaths from COVID-19, as well as 7,178 new confirmed and probable cases. There have been 720,114 COVID-19 cases in Illinois since the pandemic began. The death toll has reached 12,193 people. The state reported 62,740 tests in...
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FILE - In this file photo dated Friday, Nov. 20, 2020, a woman wearing a face mask walks past mannequins wearing face masks in the window of a temporarily closed branch of the Topshop women's clothing chain during England's second coronavirus lockdown, in London. Some 15,000 retailing jobs in Britain are in peril after Arcadia Group, owner of some of the country's best-known fashion chains like Topshop, confirmed Friday Nov. 27, 2020, that it is in talks about its future. (AP Photo/Matt Dunham, FILE)
November 27, 2020 - 10:09 am
LONDON (AP) — The retail empire of tycoon Philip Green, which owns well-known British fashion chains like Topshop, appears to be on the brink of collapse following the economic shock of the coronavirus pandemic. In another blow to the British retailing industry in the run-up to the crucial...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 24, 2020 - 12:01 am
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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President Barack Obama shakes hands with President-elect Donald Trump in the Oval Office of the White House in Washington, Thursday, Nov. 10, 2016. President Trump and his allies are harking back to his own transition four years ago to make a false argument that his own presidency was denied a fair chance for a clean launch. Press secretary Kayleigh McEnany laid out the case from the White House podium last week. Obama, who had portrayed Trump as an existential threat to the nation, invited the president-elect to the White House and visited with him in the Oval Office. Obama's aides also offered help to Trump's incoming staffers. (AP Photo/Pablo Martinez Monsivais)
November 22, 2020 - 2:10 pm
WASHINGTON (AP) — It’s not just President-elect Joe Biden’s transition that’s under a microscope. President Donald Trump and his allies are harking back to his own transition four years ago to make a false argument that his own presidency was denied a fair chance for a clean launch. Press secretary...
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The Parthenon temple is illuminated atop of the Acropolis hill as a ferry approaches the port of Piraeus as another one departs in Athens, Monday, Oct. 26, 2020. (AP Photo/Thanassis Stavrakis)
November 20, 2020 - 11:20 am
Greece has downgraded its forecasts for the economy this year to include the impact of a second lockdown, and says the national debt is now expected to exceed 200% of annual output. The Finance Ministry on Friday said that it expects the economy to contract by 10.5% in 2020 and rebound by a modest...
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FILE - In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. Georgieva said Thursday, Nov. 19, that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter the world now faces slower momentum with a resurgence in coronavirus cases. (AP Photo/Jens Meyer, File)
November 19, 2020 - 12:56 pm
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter, the world now faces slower momentum with a resurgence in coronavirus cases. IMF Managing...
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FILE - In this Dec. 10, 2019 file photo, Securities and Exchange Commission (SEC) Chairman Jay Clayton testifies to the Senate Committee on Banking, Housing, and Urban Affairs about oversight of the SEC, on Capitol Hill in Washington. Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end. Clayton’s term runs through mid-2021. (AP Photo/Jacquelyn Martin, File)
November 16, 2020 - 11:42 am
WASHINGTON (AP) — Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end, the SEC announced Monday. Clayton’s term runs through mid-2021. It is...
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Pedestrians wearing masks walk past a small grocery store in the Chinatown-International District Thursday, Nov. 12, 2020, in Seattle. Washington state and county health officials have warned of a spike in coronavirus cases across the state, and pleaded with the public to take the pandemic more seriously heading into the winter holidays. (AP Photo/Elaine Thompson)
November 14, 2020 - 10:45 pm
SEATTLE — Washington Gov. Jay Inslee has scheduled a news conference for Sunday morning as COVID-19 case numbers soar throughout the Pacific Northwest where he will reportedly detail new restrictions. Inslee’s office said he would discuss actions to combat the crisis but offered no details. The...
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FILE - This Aug. 24, 2020 file photo shows Treasury Secretary Stephen Mnuchin at the White House in Washington. The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits. The Treasury Department reported Thursday, Nov. 12 that the federal government ran up a record October deficit of $284.1 billion, nearly double the red ink of a year ago. (AP Photo/J. Scott Applewhite, File)
November 12, 2020 - 6:03 pm
WASHINGTON (AP) — The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits. The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.1 billion, double the red ink of the same month a year ago, as revenues...
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Secretary for Food and Health, Sophia Chan, left, and other officials attend a press conference in Hong Kong Wednesday, Nov. 11, 2020. Hong Kong and Singapore will launch an air travel bubble at the end of the month, allowing travelers in both cities to visit the other without having to serve quarantine. Under the arrangements, travelers will have to take a total of three tests to prove that they do not have the coronavirus, and must travel on designated flights between the two cities. (AP Photo/Vincent Yu)
November 11, 2020 - 8:15 am
HONG KONG (AP) — Hong Kong and Singapore will start an air travel bubble at the end of November, allowing travelers from each city to visit the other without entering quarantine in a first step to stimulate tourism amid the coronavirus pandemic. Starting Nov. 22, visitors from either city must have...
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