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Economic Policy

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WASHINGTON (AP) — The bipartisan compromise on infrastructure cuts in half President Joe Biden’s call for $15 billion to build 500,000 electric vehicle charging outlets, raising the stakes as the administration seeks to win auto industry cooperation on anti-pollution rules to curb climate change.

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SKOPJE, North Macedonia (AP) — Frustrated with delays in obtaining European Union membership for their countries, three Balkan leaders signed agreements Thursday to open their national borders to each other's citizens and products in 2023 without restrictions.

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SAN FRANCISCO (AP) — Individual insurance premiums on California's health exchange for the uninsured will go up 1.8% on average next year — a low increase credited to record enrollment and increased competition among health carriers, officials announced Wednesday.

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WASHINGTON (AP) — The International Monetary Fund is sharply upgrading its economic outlook this year for the world’s wealthy countries, especially the United States, as COVID-19 vaccinations help sustain solid rebounds from the pandemic recession. But the 190-country lending agency has downgraded its forecast for poorer countries, most of which are struggling to vaccinate.

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WASHINGTON (AP) — With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies.

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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.

Politicians in both parties seem to believe that the U.S. faces looming catastrophes that require a radical rethinking of economic policy. They’re wrong. The nation certainly has serious challenges, but the foundations of the economy are healthy. Radicalism is not required. The populist right and progressive left seem to agree that the dominant consensus in economic policy of recent decades — ...

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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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