Tag: Economic policy
GM spending on Mexico electric vehicle plant angers US union
DETROIT — An announcement by General Motors that it would invest more than $1 billion at a Mexican factory that will build electric vehicles...
A look at how US corporations manage the tax system
WASHINGTON — As American corporations have generated an ever-smaller share of federal tax revenue, the burden has fallen more heavily on individuals, through the...
EU extends Myanmar sanctions, including against junta leader
BRUSSELS — The European Union has extended for a year sanctions against senior officials in Myanmar, including junta leader Senior Gen. Min Aung Hlaing,...
White farmers sue seeking government loan forgiveness
MADISON, Wis. — A group of Midwestern farmers sued the federal government Thursday alleging they can't participate in a COVID-19 loan forgiveness program because...
Saudi crown prince defends austerity steps, social loosening
DUBAI, United Arab Emirates — Crown Prince Mohammed bin Salman laid out a vigorous defense of his domestic policies and the thinking behind his...
China cuts steel import tariffs to push industry to improve
BEIJING — China suspended some import taxes on steel Wednesday as part of a multiyear campaign to use market pressures to force Chinese producers...
Text of the Federal Reserve’s statement after its meeting
WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended:
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What’s in Biden speech? Lawmakers race to add priorities
WASHINGTON — Ahead of President Joe Biden’s address to Congress on Wednesday, lawmakers are intensifying the push to make sure key priorities are included...
European Parliament set to greenlight post-Brexit trade deal
BRUSSELS — European Union lawmakers are set to formally ratify the post-Brexit deal between the EU and the United Kingdom amid ongoing tensions between...
Survey: Business economists more optimistic about US growth
WASHINGTON — The accelerated rollout of COVID-19 vaccines, along with the Biden administration's rescue aid policies, have brightened the outlook for the U.S. economy...