Latest Government spending News

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...

Ecuador indigenous, president strike deal to end protests

Oct. 13, 2019 11:14 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.  Under the agreement announced just before 10...

Draghi calls for more government spending to support growth

Sep. 30, 2019 10:33 AM EDT

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi says that stimulus measures including negative interest rates will have to stay in place longer if governments do not step up spending to help growth. Draghi was quoted Monday by the Financial Times as saying: "Our policies will continue to...

Senate sends Trump stopgap spending bill, averting shutdown

Sep. 26, 2019 1:52 PM EDT

WASHINGTON (AP) — The Senate passed a temporary government-wide funding bill on Thursday that staves off the risk of a government shutdown through Nov. 21. The measure would buy additional time for lawmakers to work to unclog a $1.4 trillion bundle of yearly spending bills that is hung up amid fights over...

US economy grew at modest 2% rate in second quarter

Sep. 26, 2019 9:32 AM EDT

WASHINGTON (AP) — The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll. The April-June...

German business survey does little to dispel recession fears

Sep. 24, 2019 5:56 AM EDT

BERLIN (AP) — German business confidence has picked up slightly after a five-month decline, but managers are more pessimistic about their outlook for the next half-year. Analysts said the data did little to dispel fears Germany has entered a shallow recession. The Ifo institute said Tuesday that its...

Can green investment help relaunch Germany's economy?

Sep. 19, 2019 7:58 AM EDT

FRANKFURT, Germany (AP) — A recession looms for Germany and the European Central Bank is pleading for governments to spend more to revitalize economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight rein on its finances. A debate over...

Democrats push ahead with short-term bill to avoid shutdown

Sep. 17, 2019 6:44 PM EDT

WASHINGTON (AP) — Democrats controlling the House are steering clear of controversy in a short-term, government-wide spending measure that's needed to prevent a government shutdown at the end of September. House Speaker Nancy Pelosi has agreed to a White House request to replenish funds for bailout...

Trump's rally in New Mexico is a bid for an upset next year

Sep. 16, 2019 6:03 AM EDT

SANTA FE, N.M. (AP) — Donald Trump lost New Mexico by 8 percentage points in 2016. Last year, his party lost a House seat and the governor's mansion. Last week, a congressional candidate went viral by taunting the president by name in an ad. Still, Trump is headed to New Mexico on Monday for a campaign...

Trump targets border state with rally amid defiant Democrats

Sep. 15, 2019 1:40 PM EDT

SANTA FE, N.M. (AP) — Donald Trump lost New Mexico by 8 percentage points in 2016. Last year, his party lost a House seat and the governor's mansion. Last week, a congressional candidate went viral by taunting the president by name in an ad. Still, Trump is headed to New Mexico on Monday for a campaign...