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Top News & Analysis Washington DC

  • TORONTO— Canadian Prime Minister Justin Trudeau said Friday that he plans to be respectful and engage the United States with a fact-based approach to solving problems a day after Donald Trump called Canada a "disgrace" for policies that hurt American farmers. Canada changed its policy on pricing domestic milk to cover more dairy ingredients, leading to lower...

  • WASHINGTON— United Airlines and Chicago airport officials missed a deadline for answering questions from by key U.S. senators about the dragging incident aboard a United Express plane. In a letter to the senators, CEO Oscar Munoz said United Continental Holdings Inc. needed until April 27 to thoroughly investigate the matter and review policies including...

  • WASHINGTON— President Donald Trump began promising to "drain the swamp" while campaigning, with his rally crowds often chanting along with him. In October he outlined a few proposals he said would get the drainage started: Clamping down on lobbying, fundraising and even the number of terms lawmakers can serve. Take Marcus Peacock, who served as a senior budget...

  • The Office of Management and Budget has begun taking routine steps in preparation for a potential government shutdown that the White House is hoping to avoid. Still, he characterized a funding lapse as "unlikely" and says the White House remains "confident that we're not going to have a shutdown." The White House budget director says money for the wall President...

  • WASHINGTON, April 21- Financial leaders from the world's top 20 economies meeting in Washington agreed on the importance of open markets, the head of Germany's central bank said on Friday, in a sign that tensions with the Trump administration may be subsiding. "Almost everybody underscored the importance of open markets and free market access," Bundesbank...

  • WASHINGTON, April 21- Financial leaders from the world's top 20 economies meeting in Washington agreed on the importance of open markets, the head of Germany's central bank said on Friday, in a sign that tensions with the Trump administration may be subsiding. "Almost everybody underscored the importance of open markets and free market access," Bundesbank...

  • WASHINGTON, April 21- Financial leaders from the world's top 20 economies meeting in Washington agreed on the importance of open markets, the head of Germany's central bank said on Friday, in a sign that tensions with the Trump administration may be subsiding. "Almost everybody underscored the importance of open markets and free market access," Bundesbank...

  • WASHINGTON, April 21- Financial leaders from the world's top 20 economies meeting in Washington agreed on the importance of open markets, the head of Germany's central bank said on Friday, in a sign that tensions with the Trump administration may be subsiding. "Almost everybody underscored the importance of open markets and free market access," Bundesbank...

  • WASHINGTON, April 21- Germany's finance minister is optimistic about reaching a "non-confrontational solution" on trade with the United States at a summit this summer, he said on Friday after meeting his U.S. counterpart in Washington. Yet, confirming early signs of a detente, German Finance Minister Wolfgang Schaeuble said neither topic was discussed in...

  • LONDON— U.K. Treasury chief Philip Hammond says taxpayers have recovered all of the funds Britain injected into Lloyds Banking Group at the height of the 2008 financial crisis. Hammond said Friday in Washington that it had passed the milestone, recovering all 20.3 billion pounds injected. By contrast, Royal Bank of Scotland— the other major institution bailed...

  • LONDON, April 21- Taxpayers have recouped all of the 20.3 billion pounds invested in the bailout of Lloyds Banking Group during the 2008 financial crisis, British finance minister Philip Hammond said on Friday. The government has received 20.4 billion pounds from share sales and dividends since it began selling its stake in 2013, Hammond said in a speech...

  • WASHINGTON— Hoping to spur economic growth, President Donald Trump embarked Friday on new steps to dismantle some of the tax and financial regulations established by former President Barack Obama. "This is really the beginning of a whole new way of life that this country hasn't seen in really many, many years," the president said before signing the measures...

  • The G20 session on the sidelines of the International Monetary Fund and World Bank spring meetings comes just over a month after the group dropped an explicit pledge to fight against protectionism from the communique of its meeting in Baden-Baden, Germany, at the insistence of U.S. British finance minister Philip Hammond told reporters that multilateral...

  • WASHINGTON— The Latest on global finance meetings:. The minister, Wolfgang Schaeuble, spoke with reporters after a meeting Friday of the finance ministers and central bankers of the Group of 20, which represents the world's major economic powers. The No. 2 official at the Federal Reserve says he agrees with the assessment of the International Monetary Fund that...

  • *U.S. crude dips below $50 a barrel for first time since April 4. NEW YORK, April 21- Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks dipped ahead of the first round in a too-close-to-call French presidential election. "Although Macron has been labeled as favorite to become the next French president, an unexpected Le Pen victory...

  • WASHINGTON, April 21- Germany's finance minister is optimistic about reaching a "non-confrontational solution" on trade with U.S. Yet, confirming early signs of a detente, German finance minister Wolfgang Schaeuble said neither topic was discussed in Washington, where world leaders are gathering for the spring meeting of the International Monetary Fund.

  • DETROIT, April 21- A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a $4.3 billion settlement announced in January. District Judge Sean Cox said in approving the settlement that requires the automaker to make significant reforms.

  • NEW YORK, April 21- The euro edged lower against the U.S. dollar on Friday as investors braced for Sunday's first round of a tight French presidential election. "Traders understandably look content to flatten their books and ride out the weekend's events from the sidelines," Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington, said in...

  • WASHINGTON, April 21- A free trade deal between Britain and the United States would be "relatively straightforward" to negotiate because the two countries are similar, high-wage economies with floating exchange rates, British Finance Minister Philip Hammond said on Friday. Speaking to reporters at the British Embassy in Washington during the International...

  • *Greece swings to general government surplus in 2016, after 21 years. ATHENS, April 21- Greece far exceeded its international lenders' budget demands last year, official data showed on Friday, posting its first overall budget surplus in 21 years even when debt repayments are included. This was calculated under European System of Accounts guidelines, which...