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Economic Policy

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FRANKFURT, Germany (AP) — Facing unease over the spread of a more-contagious variant of the coronavirus, the European Central Bank said it would maintain its stimulus in the form of ultra-low interest rates until inflation “durably” reaches its 2% target.

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COLUMBUS, Ohio (AP) — The arrests one year ago Wednesday of then-Ohio House Speaker Larry Householder and four associates in connection with an alleged $60 million bribery scheme have rocked business and politics across the state, and events over the last year suggest a federal probe's tentacles only continue to grow.

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WASHINGTON (AP) — Senate Majority Leader Chuck Schumer is pressuring lawmakers to reach agreement by next week on a pair of massive domestic spending measures, signaling Democrats’ desire to push ahead aggressively on President Joe Biden’s multitrillion-dollar agenda.

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CANBERRA, Australia (AP) — U.S. President Joe Biden, his Chinese counterpart Xi Jinping, Japanese Prime Minister Yoshihide Suga and Russian President Vladimir Putin are among Pacific Rim leaders gathering virtually to discuss strategies to help economies rebound from a resurgent COVID-19 pandemic.

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WASHINGTON (AP) — Senate Majority Leader Chuck Schumer pressured lawmakers Thursday to reach agreement by next week on a pair of massive domestic spending measures, signaling Democrats’ desire to push ahead aggressively on President Joe Biden’s multitrillion-dollar agenda.

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WASHINGTON (AP) — For anyone watching with concern as prices surge for everything from food and gas to airplane tickets and clothes, the message from Federal Reserve Chair Jerome Powell over two days of congressional hearings this week was straightforward: Just give it more time and those price gains should slow, or even reverse.

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WASHINGTON (AP) — Environmental groups hailed a sweeping $3.5 trillion domestic spending plan announced by Democrats, saying it would make “transformational investments” in clean energy and jobs and put the nation on a path to cut greenhouse emissions by at least 50% by 2030. The plan also would move the country toward a carbon-free electric grid by 2035, with 100% of U.S. electricity powered by solar, wind, nuclear and other clean energy sources.

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WASHINGTON (AP) — President Joe Biden made a quick foray to the Capitol on Wednesday hunting support for his multitrillion-dollar agenda of infrastructure, health care and other programs, a potential landmark achievement that would require near-unanimous backing from fractious Democrats.

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COLOMBO, Sri Lanka (AP) — Sri Lanka has cut back on imports of farm chemicals, cars and even its staple spice turmeric as its foreign exchange reserves dwindle, hindering its ability to repay a mountain of debt as the South Asian island nation struggles to recover from the pandemic.

CLEVELAND (AP) — A federal bankruptcy judge on Tuesday gave law firm employees another three months to explain in detail the millions of dollars they billed for lobbying and other work on behalf of an electric utility in support of a now-tainted Ohio energy bill.

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WASHINGTON (AP) — President Joe Biden signed an executive order on Friday targeting what he labeled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open competition."

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