Government finance

FILE - In this May 7, 2019, file photo, former Malaysian Prime Minister Najib Razak, right, speaks to his friend during a tea break at Kuala Lumpur High Court in Kuala Lumpur, Malaysia. Malaysia filed criminal charges on Friday, Aug. 9, 2019 against 17 more current and former directors at three Goldman Sachs subsidiaries for their roles in the alleged multibillion-dollar ransacking of state investment fund 1MDB. Malaysian and U.S. prosecutors allege that bond sales organized by Goldman Sachs for 1MDB provided one of the means for associates of Najib to steal billions over several years from a fund that was ostensibly set up to accelerate Malaysia's economic development. (AP Photo/Vincent Thian, File)
August 09, 2019 - 5:38 am
KUALA LUMPUR, Malaysia (AP) — Malaysia filed criminal charges on Friday against 17 more current and former directors at three Goldman Sachs subsidiaries for their roles in the alleged multibillion-dollar ransacking of state investment fund 1MDB. Malaysian and U.S. prosecutors allege that bond sales...
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August 06, 2019 - 6:56 pm
PHILADELPHIA (AP) — A man has pleaded guilty to trying to illegally access President Donald Trump's tax returns a few days before the 2016 election. Twenty-two-year-old Justin Hiemstra of St. Paul Park, Minnesota, pleaded guilty Tuesday in federal court in Philadelphia. Prosecutors say Hiemstra and...
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August 05, 2019 - 4:12 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks dropped 3% on Wall Street, their worst loss of the year, after China countered President Donald Trump's latest tariff threat by letting its currency weaken to the lowest level in more than 10 years...
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An attendant exits a "Pit Stop" public toilet on Sixth Street, Thursday, Aug. 1, 2019, in San Francisco. A 5-year-old portable toilet program in San Francisco that provides homeless people with a private place to go has expanded to 25 locations in the city and has spread to Los Angeles. Not everyone who uses the “Pit Stop” toilets is homeless, but advocates say steam cleaning requests have dropped in surrounding areas. (AP Photo/Eric Risberg)
August 02, 2019 - 7:50 pm
SAN FRANCISCO (AP) — The sidewalks surrounding Ahmed Al Barak's corner market in one of San Francisco's roughest neighborhoods are filled with cardboard, used syringes and homeless people who have nowhere safe to go at night. But Al Barak says it's an improvement from a year ago, before the city...
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FILE - In this July 19, 2019, file photo specialist Michael Pistillo, right, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 2. (AP Photo/Richard Drew, File)
August 02, 2019 - 5:22 pm
Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday. The latest losses marked the fifth straight drop for the S&P 500 and the worst week of the year for the market just seven days after the benchmark...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, joins Speaker of the House Nancy Pelosi, D-Calif., as she signs the budget package just passed in the Senate to permit the government to resume borrowing to pay all of its obligations and would remove the prospect of a government shutdown in October, at the Capitol in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)
August 02, 2019 - 1:52 pm
WASHINGTON (AP) — President Donald Trump on Friday signed a bipartisan debt increase and new set of spending limits that would help lock in spending increases for the Pentagon and elsewhere in the budget. The hard-won agreement permits the government to resume borrowing to pay its bills and sets an...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, joins Speaker of the House Nancy Pelosi, D-Calif., as she signs the budget package just passed in the Senate to permit the government to resume borrowing to pay all of its obligations and would remove the prospect of a government shutdown in October, at the Capitol in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)
August 01, 2019 - 6:04 pm
WASHINGTON (AP) — The Latest on legislation dealing with the federal budget and the government's borrowing limit (all times local): 12:13 p.m. A bipartisan budget and debt deal has passed the Senate and is heading to the White House for President Donald Trump's signature. Thursday's vote addresses...
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August 01, 2019 - 10:55 am
WARSAW, Poland (AP) — Poland on Thursday scrapped its personal income tax for young employees earning less than $22,000 a year, as part of a drive to reverse a brain drain and demographic decline that's dimming the prospects of a country that is otherwise experiencing strong economic growth. A new...
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Senate Majority Leader Mitch McConnell, R-Ky., walks to the Senate chamber for votes on federal judges as a massive budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP-held Senate later, at the Capitol in Washington, Wednesday, July 31, 2019. Many conservatives in the Republican-led Senate are torn between supporting President Donald Trump and risking their political brand with an unpopular vote to add $2 trillion or more to the federal debt. (AP Photo/J. Scott Applewhite)
August 01, 2019 - 9:51 am
WASHINGTON (AP) — President Donald Trump and his Senate GOP allies are relying on lots of Democratic votes to propel a hard-won budget and debt deal to the finish line. Passage of the measure Thursday would mark a drama-free solution to a worrisome set of Washington deadlines. It also would that...
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From left, Sen. Cory Booker, D-N.J., former Vice President Joe Biden, Sen. Kamala Harris, D-Calif., and Andrew Yang participate in the second of two Democratic presidential primary debates hosted by CNN Wednesday, July 31, 2019, in the Fox Theatre in Detroit. (AP Photo/Paul Sancya)
July 31, 2019 - 11:36 pm
DETROIT (AP) — The Latest on Wednesday's Democratic presidential debate (all times local): 10:45 p.m. Democratic presidential candidates are closing their second primary debate by focusing on President Donald Trump. After taking on each other for more than two hours, all 10 candidates have...
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