Government business and finance

In this Tuesday, Dec. 3, 2019, photo, visitors look at the ship models exhibited by the China State Shipbuilding Corporation (CSSC) during the Marintec China exhibition in Shanghai, China. China's government promised Monday, Dec. 23, 2019, to open its oil, telecom and power markets wider to private competitors as the ruling Communist Party tries to shore up growth in the slowing, state-dominated economy. (Chinatopix via AP)
SKY News
December 23, 2019 - 8:12 am
BEIJING (AP) — China said Monday it will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development. The announcement followed an interim trade agreement with Washington in a tariff war that has...
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Sen. Rob Portman, R-Ohio, left, talks with Senate Majority Leader Mitch McConnell of Ky., Thursday, Dec. 19, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
SKY News
December 19, 2019 - 5:27 pm
WASHINGTON (AP) — The Senate passed a $1.4 trillion government spending package Thursday in a last bipartisan burst of legislating before bolting for the holidays from a Capitol riven by impeachment. Lawmakers cleared the two-bill package in a set of votes, sending it to President Donald Trump in...
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U.S. Trade Representative Robert Lighthizer speaks during an event to sign an update to the North American Free Trade Agreement, at the national palace in Mexico City, Tuesday, Dec. 10. 2019. (AP Photo/Marco Ugarte)
SKY News
December 19, 2019 - 4:25 pm
WASHINGTON (AP) — One day after its historic impeachment votes, the Democratic-led House gave President Donald Trump an overwhelming bipartisan victory Thursday on a renegotiated trade agreement with Canada and Mexico. By a 385-41 vote, the House approved a bill that puts in place terms of the...
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The U.S. Capitol in Washington is shrouded in mist, Friday night, Dec. 13, 2019. This coming week’s virtually certain House impeachment of President Donald Trump will underscore how Democrats and Republicans have morphed into fiercely divided camps since lawmakers impeached President Bill Clinton.(AP Photo/J. Scott Applewhite)
SKY News
December 17, 2019 - 8:14 pm
WASHINGTON (AP) — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation...
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FILE - In this Nov. 20, 2019, file photo workers assemble Apple products at an Apple manufacturing plant in Austin, Texas. On Tuesday, Dec. 17, the Federal Reserve reports on U.S. industrial production for November. (AP Photo/ Evan Vucci, File)
SKY News
December 17, 2019 - 9:20 am
WASHINGTON (AP) — U.S. industrial production snapped back last month, posting the biggest gain in more than two years, boosted by the end of a strike at General Motors. The Federal Reserve said Tuesday that industrial production — which includes output at factories, mines and utilities — rose 1.1%...
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FILE - In this April 25, 2018, file photo, attendees visit the Ford booth during Auto China 2018 show held in Beijing, China. China’s government says it will postpone planned punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington. Sunday, Dec. 15, 2019’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed. (AP Photo/Ng Han Guan, File)
SKY News
December 15, 2019 - 3:56 am
BEIJING (AP) — China’s government says it will postpone planned punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington. Sunday’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut...
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This undated photo provided by Amarin in November 2018 shows a capsule of the purified, prescription fish oil Vascepa. On Friday, Dec. 13, 2019, U.S. regulators approved expanded use of the medication for preventing serious heart complications in high-risk patients already taking cholesterol-lowering pills. (Amarin via AP)
December 13, 2019 - 5:53 pm
TRENTON, N.J. (AP) — U.S. regulators on Friday approved expanded use of a fish oil-based drug for preventing serious heart complications in high-risk patients already taking cholesterol-lowering pills. Vascepa was approved years ago for people with sky-high triglycerides, a type of fat in blood...
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Shoppers at a retail district pass by an American lingerie company Victoria's Secrets store in Beijing on Friday, Dec. 13, 2019. China deputy trade envoy says China, U.S. have reached trade deal, will reduce punitive tariffs on each other's goods. (AP Photo/Ng Han Guan)
SKY News
December 13, 2019 - 5:46 pm
WASHINGTON (AP) — The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure...
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FILE - In this July 22, 2019, file stacked containers wait to be loaded on to trucks at the Port of Oakland in Oakland, Calif. China's government says trade negotiators are in “close communication” with Washington ahead of a weekend deadline for a U.S. tariff hike. But a Ministry of Commerce spokesman gave no indication of possible progress in trade talks or whether Washington might postpone the increase. (AP Photo/Ben Margot, File)
SKY News
December 12, 2019 - 7:45 pm
WASHINGTON (AP) — The Trump administration and China are close to finalizing a modest trade agreement that would suspend tariffs that are set to kick in Sunday, de-escalating their 17-month trade war. A "deal is close,'' said Myron Brilliant, the U.S. Chamber of Commerce's head of international...
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Speaker of the House Nancy Pelosi, D-Calif., speaks during her weekly news conference on Capitol Hill, Thursday, Dec. 12, 2019, in Washington. (AP Photo/Jose Luis Magana)
SKY News
December 12, 2019 - 7:34 pm
WASHINGTON (AP) — Senior lawmakers announced a tentative agreement Thursday on an almost $1.4 trillion government-wide spending bill that would stave off a federal shutdown next weekend and split the differences on a number of contentious issues. The handshake agreement was announced by the...
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