Government budgets

European Commissioner for Economic and Financial Affairs Pierre Moscovici presents the Autumn 2018 economic forecast at EU headquarters in Brussels, Thursday, Nov. 8, 2018. (AP Photo/Olivier Matthys)
November 08, 2018 - 8:35 am
Italy, which is embroiled in a bitter budget row with the European Union that is set to come to a head next week, is expected to be the slowest-growing eurozone economy through 2020, according to new forecasts from the bloc's executive branch. The European Commission said Thursday that growth...
Read More
November 06, 2018 - 10:17 am
WASHINGTON (AP) — The Supreme Court has decided unanimously that local governments with small workforces must comply with a federal law against age discrimination. The justices ruled Tuesday in favor of two Arizona firefighters who claimed they were laid off because of their age when the local fire...
Read More
Italian Finance Minister Giovanni Tria, right, talks to European Commissioner for Economic and Financial Affairs Pierre Moscovici prior to a meeting of Eurogroup Finance Ministers at the European Council headquarters in Brussels, Monday, Nov. 5, 2018. Finance Ministers from the 19 nations using the euro currency gather in Brussels on Monday to debate draft budget plans amid tensions over whether Italy's planned spending package breaks promises to cut public debt. (AP Photo/Francisco Seco)
November 05, 2018 - 11:39 am
BRUSSELS (AP) — European finance ministers urged Italy on Monday to respond to European Commission demands that it submit a new budget plan after the EU's executive wing rejected Rome's original spending package. The Commission supervises EU countries' budget plans and it believes that the...
Read More
Britain's Chancellor of the Exchequer Philip Hammond poses for the media as he holds up the traditional red dispatch box, outside his official residence 11 Downing Street before delivering his annual budget speech to Parliament in London, Monday, Oct. 29, 2018.(AP Photo/Frank Augstein)
October 29, 2018 - 1:03 pm
LONDON (AP) — The Latest on the British government's public spending plans (all times local): 5:00 p.m. British Treasury chief Philip Hammond has said "the era of austerity is finally coming to an end," as he delivered a budget offering a modest uplift in public spending and few major tax increases...
Read More
FILE - In this Wednesday, March 21, 2018 file photo, Britain's Chancellor Philip Hammond leaves 11 Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London. Britain’s Treasury chief says the country would need a new economic strategy if it leaves the European Union without a deal. Speaking on Sunday, Oct. 29, the day before he delivers his budget in the House of Commons, Philip Hammond told Sky News his plan is based on the idea there will be a deal. If there isn’t one, he says Britain “would need to look at a different strategy and, frankly, we'd need to have a new budget that set out a different strategy for the future." (AP Photo/Kirsty Wigglesworth, File)
October 29, 2018 - 6:54 am
LONDON (AP) — Britain's Treasury chief is planning to pour 2 billion pounds ($2.5 billion) into mental health services as he delivers his final budget before the country leaves the European Union. Philip Hammond's infusion is one of the expected highlights of the spending blueprint to be delivered...
Read More
Italian Prime Minister Giuseppe Conte speaks during a joint news conference with Russian President Vladimir Putin (not pictured) in the Kremlin in Moscow, Russia, Wednesday, Oct. 24, 2018. Italian Prime Minister Giuseppe Conte is holding talks with Russian officials on his first trip to Moscow. (Sergei Chirikov/Pool Photo via AP)
October 27, 2018 - 6:37 am
MILAN (AP) — Italy's premier has welcomed Standard & Poor's decision to maintain Italy's rating while still lowering the financial outlook for the country to "negative" from "stable." Premier Giuseppe Conte said Saturday the decision by the ratings agency was "correct in light of the economic...
Read More
October 23, 2018 - 5:08 am
LONDON (AP) — Britain's finances are in better shape than expected, helping Treasury chief Philip Hammond avoid tax increases when he delivers his budget to the House of Commons next week. The Financial Times is reporting that the independent Office for Budget Responsibility will slash its...
Read More
Italian Premier Giuseppe Conte answers reporters' questions during a press conference at the foreign press club in Rome, Monday, Oct. 22, 2018. (AP Photo/Gregorio Borgia)
October 22, 2018 - 9:12 am
MILAN (AP) — Italy's leader on Monday indicated his government would stand firm in its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts. Premier Giuseppe Conte defended the deficit-busting budget...
Read More
An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Monday, Oct. 22, 2018. Asian markets were mixed on Monday although Chinese benchmarks rallied after officials put a positive spin on the country’s slowing economy. (AP Photo/Yam G-Jun)
October 22, 2018 - 7:21 am
SINGAPORE (AP) — World markets rose on Monday, brushing off potential concerns about slower growth in China and a downgrade in Italy's credit rating over its plans to ramp up public spending. KEEPING SCORE: Germany's DAX added 0.6 percent to 11,624 and France's CAC-40 was 0.4 percent higher at 5,...
Read More
Italian Deputy Premier and League leader Matteo Salvini greets supporters during a rally in Mezzocorona, northern Italy, Friday, Oct. 19, 2018. (Daniel Mosna/ANSA via AP)
October 20, 2018 - 1:36 pm
ROME (AP) — Italy's government vowed Saturday to engage in constructive talks with the European Union as it still gave final approval to a rule-busting budget and brushed off a ratings downgrade triggered by its higher-than-expected deficit targets. Premier Giuseppe Conte said the budget plan was...
Read More