National budgets

The federal deficit expected to swell to more than $1 trillion in the next fiscal year.;
August 22, 2019 - 1:02 pm
WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported. The return...
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Italian Deputy-Premier Matteo Salvini opens his arms at the Senate, in Rome, Tuesday, Aug. 20, 2019. Italian Premier Giuseppe Conte on Tuesday announced his resignation, blaming his decision to end his 14-month-old populist government on his rebellious and ambitious deputy prime minister Matteo Salvini. (Ettore Ferrari/ANSA via AP)
August 20, 2019 - 8:22 pm
ROME (AP) — As Italy's Premier Giuseppe Conte steps down, the question is whether hardline, anti-migrant Interior Minister Matteo Salvini can force new elections in hopes of grabbing the premiership. In announcing his resignation Tuesday before the Senate, Conte blamed Salvini for pulling the plug...
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FILE - This July 16, 2019, file photo shows the Capitol Dome in Washington. On Monday, Aug. 12, the Treasury Department releases federal budget data for July. (AP Photo/Carolyn Kaster, File)
August 12, 2019 - 2:01 pm
WASHINGTON (AP) — The U.S. government's budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than twice as fast as tax collections. The Treasury Department say the deficit for the current fiscal year through July is up 27% from the...
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August 09, 2019 - 5:08 pm
WASHINGTON (AP) — Republican and Democrats in Congress teamed up Friday to oppose what appears to be a Trump administration plan to cut the foreign aid budget. The administration hasn't announced whether it plans to seek the cut. But the Office of Management and Budget instructed the State...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, joins Speaker of the House Nancy Pelosi, D-Calif., as she signs the budget package just passed in the Senate to permit the government to resume borrowing to pay all of its obligations and would remove the prospect of a government shutdown in October, at the Capitol in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)
August 02, 2019 - 1:52 pm
WASHINGTON (AP) — President Donald Trump on Friday signed a bipartisan debt increase and new set of spending limits that would help lock in spending increases for the Pentagon and elsewhere in the budget. The hard-won agreement permits the government to resume borrowing to pay its bills and sets an...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, joins Speaker of the House Nancy Pelosi, D-Calif., as she signs the budget package just passed in the Senate to permit the government to resume borrowing to pay all of its obligations and would remove the prospect of a government shutdown in October, at the Capitol in Washington, Thursday, Aug. 1, 2019. (AP Photo/J. Scott Applewhite)
August 01, 2019 - 6:04 pm
WASHINGTON (AP) — The Latest on legislation dealing with the federal budget and the government's borrowing limit (all times local): 12:13 p.m. A bipartisan budget and debt deal has passed the Senate and is heading to the White House for President Donald Trump's signature. Thursday's vote addresses...
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Senate Majority Leader Mitch McConnell of Ky., arrives to speak with reporters following the weekly policy lunches on Capitol Hill in Washington, Tuesday, July 23, 2019. (AP Photo/Susan Walsh)
July 31, 2019 - 10:09 am
WASHINGTON (AP) — A hard-won, warts-and-all budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP-held Senate, with many conservatives torn between supporting the president and risking their political brand with an unpopular vote to add $2...
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FILE - In this July 24, 2019, file photo Treasury Secretary Steve Mnuchin walks away from the microphones after speaking to members of the media at the White House in Washington. The Treasury Department says it expects to borrow $433 billion in the current July-September quarter. (AP Photo/Pablo Martinez Monsivais, File)
July 29, 2019 - 3:47 pm
WASHINGTON (AP) — The Treasury Department said Monday it expects to borrow $433 billion in the current July-September quarter. That would be the largest quarterly borrowing total since early 2018, as the government replenishes its cash reserves following the expected resolution over raising the...
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President Donald Trump speaks during a full honors welcoming ceremony for Secretary of Defense Mark Esper at the Pentagon, Thursday, July 25, 2019, in Washington. (AP Photo/Alex Brandon)
July 25, 2019 - 11:30 pm
WASHINGTON (AP) — The Latest on a bipartisan budget and debt deal in Congress (all times local): 5:12 p.m. A hard-won, bipartisan budget and debt compromise between President Donald Trump and Speaker Nancy Pelosi has easily passed the Democratic-controlled House. The bill would head off another...
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In this June 15, 2018 photo, pharmaceuticals are seen in North Andover, Mass. A prescription drug compromise that would lower costs for Medicare recipients has cleared a key hurdle in the Senate, but Republican resistance signals trouble when the legislation goes to the floor. (AP Photo/Elise Amendola, File)
July 25, 2019 - 8:15 pm
WASHINGTON (AP) — A prescription drug compromise that would lower costs for Medicare recipients and save billions for Medicare and Medicaid cleared a key hurdle in the Senate on Thursday, but Republican resistance signaled trouble as the legislation faces floor consideration. The Finance Committee...
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