BRUSSELS (AP) — Euro finance chiefs on Monday ventured into a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation.
Finance ministers from the 19 nations that share the euro currency pledged continued budgetary stimulus for the European economy amid headwinds caused by the highly transmissible omicron variant.
WASHINGTON (AP) — By some counts, President Joe Biden can lay claim to a banner first year in office. But numbers also reveal plenty of setbacks.
Most in the United States got their COVID-19 vaccines, but other countries fared better.
SANTA FE, N.M. (AP) — New Mexico lawmakers are meeting starting Tuesday to craft the state budget, about half of which is expected to go to K-12 education.
Early proposals from key legislative committees and the governor put the total budget around $8.4 billion and the K-12 public school budget at around $3.8 billion, a 12% increase over last year.
BERLIN (AP) — A senior European Central Bank official says that raising interest rates prematurely could “choke off the recovery,” comments that come as inflation in the 19-nation euro area has hit a record rate.
WASHINGTON (AP) — President Joe Biden will nominate three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed's board.
WASHINGTON (AP) — President Joe Biden on Friday announced the nominations of three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed's board.
NEW YORK (AP) — Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.
But Inflation is clouding the outlook for 2022, based on comments from bank executives to reporters and industry analysts.
WASHINGTON (AP) — He was supposed to break through the congressional logjam. End the pandemic. Get the economy back on track.
Days before he hits his one-year mark in office, a torrent of bad news is gnawing at the foundational rationale of President Joe Biden’s presidency: that he could get the job done.
The Czech Republic's new government won a mandatory confidence vote in the lower house of Parliament on Thursday with the coronavirus pandemic and soaring inflation presenting its immediate policy challenges.
WASHINGTON (AP) — Lael Brainard, President Joe Biden's nominee for the Federal Reserve's No. 2 spot, said Thursday that combating high inflation is the central bank's top priority and said she believed the Fed could reduce it without sacrificing economic growth.