Latest Government spending News

Georgia reaps $2.2B surplus even after rainy day fund fills

Sep. 20, 2021 18:23 PM EDT

ATLANTA (AP) — Georgia has more money in the bank than ever before, creating a chance for an election-year spending or tax-cutting spree — if that's what Gov. Brian Kemp and Republican lawmakers want. Figures released Monday show the state ended the 2021 budget with a...

Judge reviews tax credits to support private school tuition

Sep. 16, 2021 19:48 PM EDT

FRANKFORT, Ky. (AP) — A judge heard arguments Thursday over the constitutionality of allowing public tax credits to support private school tuition as a school-choice dispute reached a Kentucky courtroom. Opponents said the provisions represent a form of aid to private...

NC House speaker: Budget, new maps are goals for October

Sep. 15, 2021 18:16 PM EDT

RALEIGH, N.C. (AP) — Republican legislative leaders are aiming to finalize a North Carolina state government budget and complete redistricting by the end of October, House Speaker Tim Moore said on Wednesday. Speaking to reporters after a House floor session, Moore...

US budget deficit rises to $2.71 trillion through August

Sep. 13, 2021 16:02 PM EDT

WASHINGTON (AP) — The U.S. budget deficit rose to $2.71 trillion through August, on track to be the second largest shortfall in history due to trillions of dollars in COVID relief. In its monthly budget report, the Treasury Department said Monday that the deficit for...

Policy center says debt limit could be hit in mid-October

Sep. 10, 2021 09:57 AM EDT

WASHINGTON (AP) — The government will likely face an unprecedented default on its debt obligations between mid-October and mid-November, a Washington think tank said Friday, seconding a warning earlier this week from the Treasury. The “X Date,” the date when...

Alaska House calls for $1,100 dividend; dispute over funds

Aug. 31, 2021 22:22 PM EDT

JUNEAU, Alaska (AP) — The Alaska House passed legislation Tuesday calling for an $1,100 dividend to residents but there are different interpretations as to whether much of the money that would be used for the checks is available. The bill, which passed 24-16, calls for...

House passes $3.5T Biden blueprint after deal with moderates

Aug. 25, 2021 00:22 AM EDT

WASHINGTON (AP) — Striking a deal with moderates, House Democratic leaders have muscled President Joe Biden’s multitrillion-dollar budget blueprint over a key hurdle, ending a risky standoff and putting the party’s domestic infrastructure agenda back on track. The...

Formal NC budget negotiations to start after Senate vote

Aug. 17, 2021 18:06 PM EDT

RALEIGH, N.C. (AP) — The state Senate rejected on Tuesday the House's version of its two-year North Carolina government budget, kicking off formal talks between the two chambers on forming a final spending plan. The House gave its final approval to a budget bill last...

UK economy grows again but still below pre-pandemic level

Aug. 12, 2021 05:20 AM EDT

LONDON (AP) — The British economy grew by 4.8% in the second quarter of 2021 as lockdown restrictions were lifted but remains 4.4% below the level it was just before the start of coronavirus pandemic, official figures showed Thursday. The Office for National Statistics...

NC House gives initial approval to budget bill

Aug. 11, 2021 21:18 PM EDT

RALEIGH, N.C. (AP) — The North Carolina House gave initial approval late Wednesday to a two-year budget, after Republicans who wrote the legislation touted its teacher pay hikes, income tax provisions and massive infrastructure spending spree. The chamber voted 72-41...