Fiscal policy

FILE - In this Nov. 23, 2020 file photo, stone sculptures adorn the New York Stock Exchange. Stocks are pulling lower again on Friday, Jan. 15, 2021, after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. (AP Photo/Seth Wenig, File)
January 15, 2021 - 4:06 pm
NEW YORK (AP) — Stocks closed lower on Wall Street Friday, posting their first weekly loss after two weeks of solid gains. The S&P 500 fell 0.7%, with stocks of companies that most need a healthier economy taking some of the sharpest losses. The declines came as more reports showed how 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. government’s deficit in the first three months of the budget year was a record-breaking $572.9 billion. The Treasury Department reported Wednesday, Jan. 13, 2021 that with three months gone in the budget year, the deficit was $216.3 billion higher than the same October-December period a year ago. (AP Photo/J. Scott Applewhite, File)
January 13, 2021 - 4:05 pm
WASHINGTON (AP) — The U.S. government's deficit in the first three months of the budget year was a record-breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the COVID-19 pandemic surged while revenue declined. The Treasury Department reported Wednesday...
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A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 12, 2021. Asian stocks advanced Tuesday as investors watched for details of U.S. President-elect Joe Biden's promised economic stimulus plan. (AP Photo/Vincent Yu)
January 12, 2021 - 12:01 am
BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...
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FILE - This Nov. 23, 2020 file photo shows the New York Stock Exchange in New York. U.S. stocks are ticking higher on Friday, Jan. 8, 2021, despite a sober reminder of how many jobs the pandemic is destroying, as Wall Street keeps focusing more on the economy’s potentially brighter future than its current pain. (AP Photo/Seth Wenig)
January 08, 2021 - 4:09 pm
Stocks shook off a midday slump and powered higher in the afternoon, bringing major indexes to record highs and leaving the market with solid gains for the first week of the year. The S&P 500 added 0.5%. It rose 1.8% for the week. The Dow and Nasdaq also closed at record highs. Investors are...
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A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Jan. 8, 2021. Asian shares mostly rose Friday on hopes for additional economic stimulus after U.S. Congress confirmed Joe Biden as the winner of the presidential election. (AP Photo/Ahn Young-joon)
January 07, 2021 - 10:28 pm
TOKYO (AP) — Asian shares were mostly higher Friday on hopes for additional economic stimulus after U.S. Congress confirmed Joe Biden as the winner of the presidential election. Japan's state of emergency to combat surging coronavirus cases, which kicked in Friday, did little to dampen market...
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House Speaker Nancy Pelosi of Calif., speaks to the media, Wednesday Dec. 30, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
AP Newsroom
January 03, 2021 - 4:50 pm
WASHINGTON (AP) — The Latest on the new session of Congress (all times local): X:XX p.m. Nancy Pelosi was narrowly reelected Sunday as speaker, giving her the reins of Democrats’ slender House majority as President-elect Joe Biden sets a challenging course of producing legislation to tackle the...
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Followed by a staffer, Senate Majority Leader Mitch McConnell of Ky., right, leaves the Capitol for the day, Tuesday, Dec. 29, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
AP Newsroom
December 29, 2020 - 7:14 pm
WASHINGTON (AP) — President Donald Trump's push for bigger $2,000 COVID-19 relief checks stalled out Tuesday in the Senate as Republicans blocked a swift vote proposed by Democrats and split within their own ranks over whether to boost spending or defy the White House. The roadblock mounted by...
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FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are ticking higher on Wall Street Wednesday, Dec. 23, following a mixed set of reports on the economy. (AP Photo/John Minchillo)
December 25, 2020 - 3:26 am
Stocks rose in China and were little changed in Japan on Friday with most world markets closed for Christmas holidays. The mixed session followed an advance during Wall Street's shortened Christmas Eve trading as investors began the holiday weekend seemingly untroubled over President Donald Trump’s...
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FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are ticking higher on Wall Street Wednesday, Dec. 23, following a mixed set of reports on the economy. (AP Photo/John Minchillo)
December 24, 2020 - 1:06 pm
NEW YORK (AP) — U.S. stock indexes are closing modestly higher on Thursday after drifting through an abbreviated session. The S&P 500 rose 0.4% before trading shut on Wall Street for the Christmas holiday, trimming its small loss for the week. Markets will reopen on Monday. The majority of...
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U.S. Capitol Christmas Tree is seen at the U.S. Capitol at night after negotiators sealed a deal for COVID relief Sunday, Dec. 20, 2020, in Washington. Top Capitol Hill negotiators sealed a deal Sunday on an almost $1 trillion COVID-19 economic relief package, finally delivering long-overdue help to businesses and individuals and providing money to deliver vaccines to a nation eager for them. (AP Photo/Jose Luis Magana.
December 20, 2020 - 10:35 pm
WASHINGTON (AP) — Top Capitol Hill negotiators sealed a deal Sunday on a $900 billion COVID-19 economic relief package, finally delivering long-overdue help to businesses and individuals and providing money to deliver vaccines to a nation eager for them. The agreement, announced by congressional...
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