Government Finance

Indonesia to move capital from sinking Jakarta to Borneo

Aug 27, 2019

Indonesia's president says the country's capital will move from overcrowded, sinking and polluted Jakarta to a sparsely populated part of Borneo island, known for rainforests and orangutans

Trump, G-7 leaders to open summit focused on world economy

Aug 22, 2019

President Donald Trump and other leaders of the world's most industrialized nations will open their annual G-7 summit by discussing the global economy

Report shows US deficit to exceed $1 trillion next year

Aug 22, 2019

The Congressional Budget Office says the federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year

Nebraska moves all girls out of facility for troubled youth

Aug 19, 2019

Nebraska officials are moving 24 teenage girls out of a state-run facility for female juvenile offenders after learning that many were confined to buildings with fire hazards, holes in the wall and mold and water damage

Palestinian leader fires advisers, wants bonuses returned

Aug 19, 2019

Palestinian President Mahmoud Abbas has laid off all of his advisers and ordered a former prime minister and other Cabinet officials to return tens of thousands of dollars they received from a pay raise he secretly approved two years ago

US stocks veer higher in latest bout of market volatility

Aug 15, 2019

Stocks around the world remained stuck in the spin cycle Thursday, as worries about a possible recession collided with hopes that the strongest part of the U.S. economy _ shoppers spending at stores and online _ can keep going

Global stocks lower after US falls on recession fear

Aug 15, 2019

Global stock markets mostly lower after Wall Street falls on recession fears

Markets Right Now: Dow drops 800 after bonds flash warning

Aug 14, 2019

The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007.

Treasury yields invert, warning of possible recession

Aug 14, 2019

An economic alarm bell sounds in the U.S., sending warnings of a potential recession

Facing pressure, Trump delays tariffs on some Chinese goods

Aug 13, 2019

US delays tariffs on cellphones, other Chinese goods, drops others altogether; stocks rally