Latest Government spending News

Blackface scandal dampens Virginia governor's fundraising

Jul. 16, 2019 4:23 PM EDT

RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam is struggling to raise big money in a key election year after a blackface scandal nearly ended his political career. But he's also managed to remain a major source of campaign cash for Democrats, including those who have previously called on him to resign....

Mnuchin says budget deal with Pelosi is 'very close'

Jul. 15, 2019 9:04 PM EDT

WASHINGTON (AP) — It's House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell vs. hardliners in the White House as lawmakers pursue a deal on federal spending and the debt. And the hardliners, wary of further increases to federal spending, appear to be losing. Talks between Pelosi and...

China's June auto sales fall, extending year-old decline

Jul. 10, 2019 12:59 PM EDT

BEIJING (AP) — China's auto sales fell 7.8% in June amid a trade fight with Washington and slower economic growth, extending an unexpectedly painful downturn for automakers that are spending heavily to develop electric cars. Drivers in the global industry's biggest market bought 1.7 million SUVs, sedans...

Mexico's treasury secretary resigns, cites interference

Jul. 9, 2019 9:45 PM EDT

MEXICO CITY (AP) — Mexico's treasury secretary resigned Tuesday, complaining of the appointment of unqualified officials by "influential people in the current administration who have clear conflicts of interest." Carlos Urzua, a longtime ally of President Andrés Manuel López Obrador, did not...

Greece's new finance minister to push ahead with tax cuts

Jul. 9, 2019 12:35 PM EDT

ATHENS, Greece (AP) — Greece's new government will press ahead with tax cuts for households and businesses despite skepticism from creditors, the country's finance minister said Tuesday after he and his Cabinet colleagues were sworn in. Christos Staikouras' comments during a handover ceremony at the...

DOJ files to halt Trump suit demanding financial documents

Jul. 8, 2019 9:38 PM EDT

WASHINGTON (AP) — The Justice Department on Monday challenged a federal judge's decision to allow a case accusing President Donald Trump of profiting off the presidency to move forward, asking an appeals court to take up the case instead. Justice lawyers asked the U.S. Court of Appeals for the District of...

Greece creditors say no changes in bailout terms for new PM

Jul. 8, 2019 5:17 PM EDT

ATHENS, Greece (AP) — Greece's bailout creditors on Monday bluntly rejected calls from the country's new conservative government to ease draconian budget conditions agreed as part of its rescue program. Conservative party leader Kyriakos Mitsotakis was sworn in as Greece's new prime minister Monday, a day...

Conservative party wins Greek election, ousts left-wing PM

Jul. 7, 2019 7:47 PM EDT

ATHENS, Greece (AP) — Conservative opposition leader Kyriakos Mitsotakis comfortably won Greece's parliamentary elections Sunday, delivering a stinging blow to leftist Prime Minister Alexis Tsipras after a tumultuous four years in office as the country struggled through a crippling financial crisis. With...

Australian Senate passes $110 billion tax cuts over decade

Jul. 4, 2019 8:16 AM EDT

CANBERRA, Australia (AP) — Australia's Parliament on Thursday delivered the reelected government's promise to provide 158 billion Australian dollars ($110 billion) in personal income tax cuts over a decade to boost a flagging economy. Prime Minister Scott Morrison said his conservative coalition's election...

Mexico president mixes left, conservative policy in 1st year

Jul. 1, 2019 10:05 PM EDT

MEXICO CITY (AP) — Andrés Manuel López Obrador marked the anniversary of winning Mexico's presidency Monday amid some strange contradictions. A leftist, he has been more fiscally conservative than any of his predecessors since the 1950s. He has cut the size of government so dramatically it has...