Category Archives: Economy
Social spending, business tax hike drive $6T Biden budget
WASHINGTON (AP) — President Joe Biden's $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people designed to pay for his ambitious spending...
Montana’s top prosecutor bans critical race theory programs
HELENA, Mont. (AP) — Montana’s top prosecutor issued an opinion Thursday labeling critical race theory and some antiracism programs taught in schools as “discriminatory” and said they violate federal and state law.
White House dismisses report that U.S. wants border with Canada reopened next month
WASHINGTON — The United States has made no decisions about when or how to reopen the border with Canada, the White House said Thursday in response to reports suggesting American patience with the closure has run its course. Press secretary Jen
Defense chief: US pullout from Afghanistan ‘slightly’ ahead
WASHINGTON (AP) — Defense Secretary Lloyd Austin told Congress on Thursday that America's troop withdrawal from Afghanistan is “slightly” ahead of schedule, but he provided no details.
AP source: Biden ending Trump OK for US oil company in Syria
The Biden administration has decided it will not renew a waiver that allowed a politically connected U.S. oil company to operate in northeast Syria under President Donald Trump's pledge to “keep the oil” produced in the region, according to a
Yellen says economic recovery likely to be ‘bumpy’
WASHINGTON (AP) — Treasury Secretary Janet Yellen says that the economic recovery is going to be “bumpy” with high inflation readings likely to last through the end of this year.
AP sources: Staffing hampered response to prison suicide
WASHINGTON (AP) — The radios crackled with a frantic call for backup at a federal prison in California: An inmate was found hanging in his cell. Help was needed immediately.
Swiss bank Julius Baer to pay nearly $80M in FIFA case
NEW YORK (AP) — The Swiss bank Julius Baer agreed to pay nearly $80 million in fines and penalties for its role in illegal payments involving FIFA and the South American governing body CONMEBOL.
Bank CEOs tell Congress they’ll work to avoid foreclosures
WASHINGTON (AP) — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit
Despite setbacks, Mexican president goes on offensive
MEXICO CITY (AP) — Mexico is just starting to recover after a coronavirus death toll nearing 350,000, and the vital tourism sector was hit this week by a downgrade of Mexico’s aviation safety rating.
