Government budgets

Italian Economy Minister Giovanni Tria, left, and European Commissioner for Economic and Financial Affairs Pierre Moscovici meet the media during a press conference in Rome, Thursday, Oct. 18, 2018. Italian leaders say the budget plan will boost economic growth through higher spending, but other EU countries are concerned it will add to Italy's already heavy public debt load. (AP Photo/Gregorio Borgia)
October 19, 2018 - 5:56 am
MILAN (AP) — Italy's financial markets are shaken following the European Union's stinging rebuke of the new populist government's budget bill, which pushes the deficit far beyond previously agreed levels. Italy's government borrowing rose, with the yield on the benchmark 10-year bond on Friday...
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FILE- In this Oct. 11, 2018, file photo trader Peter Mazza, left, works with trader Daniel Trimble on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 18. (AP Photo/Richard Drew, File)
October 18, 2018 - 4:29 pm
NEW YORK (AP) — U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending. Several industrial companies tumbled after releasing weak quarterly reports, and European stocks also fell as...
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Italian Economy Minister Giovanni Tria, left, and European Commissioner for Economic and Financial Affairs Pierre Moscovici meet the media during a press conference in Rome, Thursday, Oct. 18, 2018. Italian leaders say the budget plan will boost economic growth through higher spending, but other EU countries are concerned it will add to Italy's already heavy public debt load. (AP Photo/Gregorio Borgia)
October 18, 2018 - 1:49 pm
BRUSSELS (AP) — The Latest on Italy's plans to ramp up public spending (all times local): 7:45 p.m. The European Commission has chastised Italy for a spending plan that will raise its deficit to three times that which was previously agreed, calling the deviation "unprecedented in the history" of...
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Italian Prime Minister Giuseppe Conte speaks with the media as he arrives for an EU summit at the Europa building in Brussels, Thursday, Oct. 18, 2018. EU leaders meet for a second day on Thursday to discuss migration, cybersecurity and to try and move ahead on stalled Brexit talks. (AP Photo/Francisco Seco)
October 18, 2018 - 6:56 am
BRUSSELS (AP) — Dutch Prime Minister Mark Rutte is warning his Italian counterpart Giuseppe Conte not to break the budgetary rules set out by the European Union. Rutte met with Conte at Thursday's EU summit, where Conte is on the defensive for filing a draft budget for 2019 that has a deficit level...
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President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House, Wednesday, Oct. 17, 2018, in Washington. (AP Photo/Evan Vucci)
October 17, 2018 - 1:31 pm
WASHINGTON (AP) — Dubbing it the "nickel plan," President Donald Trump announced Wednesday that he's asking every Cabinet secretary to cut their next-year's budgets by 5 percent. "Get rid of the fat. Get rid of the waste," Trump told members of his Cabinet during a meeting at the White House. "And...
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Demonstrators hold up a poster of Jordi Sanchez and Jordi Cuixart, during a protest in support of Catalonian politicians and leaders of two civil society groups who have been jailed on charges of sedition in Barcelona, Spain, Tuesday, Oct. 16. 2018. Politicians, rights groups and citizens across Catalonia are calling for the release of jailed separatists as they mark one year since two prominent pro-independence activists, Jordi Sanchez and Jordi Cuixart, leaders of two civil society groups _ ANC and Omnium Cultural, respectively _ were put in pre-trial detention. Banners reads in Catalan "one year of shame, on year of dignity" (AP Photo/Emilio morenatti)
October 16, 2018 - 4:39 pm
BARCELONA, Spain (AP) — Politicians and human rights groups urged the Spanish government Tuesday to release imprisoned separatists facing rebellion and other charges from the Catalonia region's push for independence, including two activists put into pre-trial detention a year ago. Catalan regional...
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Republican Kris Kobach, from left to right, Libertarian Jeff Caldwell, independent Greg Orman, Democrat Laura Kelly and independent Rick Kloos participate in a gubernatorial debate at KWCH-TV, Tuesday, Oct. 9, 2018, in Wichita, Kan. (Dion Lefler/The Wichita Eagle via AP)
October 16, 2018 - 3:13 pm
TOPEKA, Kan. (AP) — A contentious Kansas governor's race has become a referendum on how a Republican experiment in slashing income taxes went awry, what lessons arose from the budget misery that followed and whether the state needs a do-over. Democratic nominee Laura Kelly, a veteran state senator...
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Italy's Interior Minister and Deputy-Premier Matteo Salvini, right, and Italian Premier Giuseppe Conte attend a press conference on Italy's budget law, at Chigi Palace Premier office, in Rome, Monday, Oct. 15, 2018. (Giuseppe Lami/ANSA via AP)
October 16, 2018 - 9:14 am
MILAN (AP) — Italy's populist government was heading into a budget battle with the European Union after disregarding pointed warnings to ease up on spending promises that have shattered previous deficit pledges and threaten Italy's ability to lower its heavy debt load. The EU Commission President...
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An investor sits at private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Oct. 16, 2018. Asian markets were mostly higher on Tuesday, though Chinese benchmarks fell after the government reported inflation rose for the fourth straight month. (AP Photo/Yam G-Jun)
October 16, 2018 - 5:58 am
SINGAPORE (AP) — World markets were mostly higher Tuesday ahead of a U.S. Treasury report that will likely steer clear of labeling China as a currency manipulator, a status that could trigger penalties and cause trade tensions to escalate. KEEPING SCORE: France's CAC 40 added 0.3 percent to 5,107...
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October 15, 2018 - 2:10 pm
WASHINGTON (AP) — The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday that the deficit climbed $113...
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