National budgets

FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said Tuesday, May 12, 2020 that the government racked up a shortfall of $737.9 billion last month. That was more than three times larger than the previous record monthly deficit of $235 billion set in February. (AP Photo/J. Scott Applewhite, File)
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May 12, 2020 - 4:34 pm
WASHINGTON (AP) — The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said...
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FILE - In this April 2, 2019, file photo, Australian Treasurer Josh Frydenberg addresses the media as he arrives at Parliament House in Canberra, Australia. Treasurer Frydenberg said the country faces a “sobering” economic outlook due to the effects of the coronavirus and said it would have the largest deficit in its history when a revised budget is released in October. (AP Photo/Rod McGuirk, File)
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May 12, 2020 - 4:41 am
CANBERRA, Australia (AP) — Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October. The 2020-21 federal budget was due to be released Tuesday. But the...
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FILE - In this Jan. 23, 1996, file photo, President Bill Clinton gestures while giving his State of the Union address to a joint session of Congress on Capitol Hill, in Washington. When he stood before Congress in 1996 and declared “the era of big government is over,” Clinton gave voice to a doctrine that permeated Democratic politics for more than two decades. Government, while necessary, shouldn't be celebrated if the party wanted to win elections. The coronavirus is changing that. Democrats are enthusiastically embracing the idea of a robust role for government in American life, abandoning concerns they might alienate the relatively narrow slice of independent voters. (AP Photo/Greg Gibson, File)
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May 07, 2020 - 5:49 am
WASHINGTON (AP) — When he stood before Congress in 1996 and declared “the era of big government is over,” President Bill Clinton gave voice to a doctrine that permeated Democratic politics for more than two decades. Government, while necessary, shouldn't be celebrated if the party wanted to win...
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President Donald Trump signs a coronavirus aid package to direct funds to small businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. Sen. Roy Blunt, R-Mo., left, and Jovita Carranza, administrator of the Small Business Administration look on. (AP Photo/Evan Vucci)
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April 24, 2020 - 5:09 pm
WASHINGTON (AP) — Spend what it takes, Washington said as it confronted the coronavirus. Well over $2 trillion later, it’s unclear where that spending will end. One of the lasting legacies of the coronavirus pandemic will be staggering debts and deficits on the U.S. balance sheet, with shortfalls...
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FILE - in this Wednesday, April 22, 2020 file photo, a man with a face mask and a child with an European flag attend an event of the Pulse of Europe movement to collect signatures for more support for Italy during the coronavirus and the COVID-19 outbreak in front of the Italian embassy in Berlin, Germany. European Union leaders are preparing for a new virtual summit, which will take place Thursday, April 23, 2020, to take stock of the damage the coronavirus has inflicted on the lives and livelihoods of the bloc's citizens and to thrash out a more robust plan to revive their ravaged economies. (AP Photo/Markus Schreiber, File)
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April 23, 2020 - 7:11 am
BRUSSELS (AP) — European Union leaders are set to weigh Thursday the damage the coronavirus has inflicted on health care systems and the lives of around half a billion citizens across the bloc as they struggle to devise a more robust plan to resuscitate their ravaged economies. As businesses...
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In this April 16, 2020, a few cars and trucks drive on the usually very crowded main highway around Frankfurt, Germany, that is seen in the background. As the restrictions to avoid the spreading of the coronavirus are eased, Chancellor Angela Merkel has pointed to South Korea as an example of how Germany will have to improve measures to “get ahead” of the pandemic with more testing and tracking of cases so that the rate of infections can be slowed. (AP Photo/Michael Probst)
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April 22, 2020 - 4:24 pm
BERLIN (AP) — Derided by many economists for years for insisting on a balanced budget and criticized for a health care system seen as bloated and overly expensive, Germany has found itself well equipped now to weather the coronavirus pandemic. Already applauded for early actions such as social-...
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FILE - in this Wednesday, April 22, 2020 file photo, a man with a face mask and a child with an European flag attend an event of the Pulse of Europe movement to collect signatures for more support for Italy during the coronavirus and the COVID-19 outbreak in front of the Italian embassy in Berlin, Germany. European Union leaders are preparing for a new virtual summit, which will take place Thursday, April 23, 2020, to take stock of the damage the coronavirus has inflicted on the lives and livelihoods of the bloc's citizens and to thrash out a more robust plan to revive their ravaged economies. (AP Photo/Markus Schreiber, File)
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April 22, 2020 - 10:51 am
BRUSSELS (AP) — European Union leaders are preparing for a new virtual summit to take stock of the damage the coronavirus has inflicted on the lives and livelihoods of around half a billion citizens and to thrash out a more robust plan to revive their ravaged economies. As some Europeans take their...
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FILE - In this June 17, 2019, file photo in Washington, a label states that these pans do not contain PFAS, perfluoroalkyl and polyfluoroalkyl substances. The White House has intervened to weaken one of the few public health protections pursued by its own administration. Documents released Friday, April 17, 2020, show the White House stepped in to limit the scope of a pending rule that would target imports of products tainted with PFAS, used in nonstick and stain-resistant frying pans, rugs, and countless other consumer products. (AP Photo/Ellen Knickmeyer, File)
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April 18, 2020 - 1:06 am
WASHINGTON (AP) — The Trump White House has intervened to weaken one of the few public health protections pursued by its own administration, a rule to limit the use of a toxic industrial compound in consumer products, according to communications between the White House and Environmental Protection...
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Gladys Vega, left, executive director of Chelsea Collaborative, Inc., works with volunteers and staff members to unload a truckload of donated food to re-supply a pop-up food pantry while wearing masks out of concern for the coronavirus, Thursday, April 16, 2020, in Chelsea, Mass. The food pantry has been in place for about three weeks and provides food donated by local businesses. (AP Photo/Steven Senne)
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April 16, 2020 - 4:36 pm
WASHINGTON (AP) — The massive coronavirus relief bill passed virtually unanimously by Congress last month is estimated at costing taxpayers $1.8 trillion — slightly less than the $2.2 trillion informally projected at the time by the White House. That’s according to the Congressional Budget Office,...
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President Donald Trump speaks about the coronavirus in the Rose Garden of the White House, Tuesday, April 14, 2020, in Washington. (AP Photo/Alex Brandon)
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April 15, 2020 - 5:54 am
WASHINGTON (AP) — President Donald Trump said he was cutting off U.S. payments to the World Health Organization during the coronavirus pandemic, accusing the organization of failing to do enough to stop the virus from spreading when it first surfaced in China. Trump, who had telegraphed his...
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