Latest National budgets News

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill, Friday, Sept. 18, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)

House Democrats hope to pass funding bill to avert shutdown

Sep. 22, 2020 11:38 AM EDT

WASHINGTON (AP) — Democrats controlling the House hope to pass a government-wide temporary funding bill on Tuesday that would keep federal agencies fully up and running into December and prevent a partial shutdown of the government after the current budget year expires at the end of the month. But a...

House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill, Friday, Sept. 18, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)

Democrats unveil temporary funding bill to avert shutdown

Sep. 21, 2020 4:54 PM EDT

WASHINGTON (AP) — Democrats controlling the House unveiled a government-wide temporary funding bill on Monday that would keep federal agencies fully up and running into December. The measure would prevent a partial shutdown of the government after the current budget year expires at the end of the month,...

Resplendent in orange suit, tie and shoes and a black hat with gold bow and protected by a homemade

Dutch government unveils budget overshadowed by virus

Sep. 15, 2020 10:54 AM EDT

THE HAGUE, Netherlands (AP) — The Dutch government plans to invest in protecting jobs and businesses during the coronavirus crisis but warned Tuesday as it laid out its spending plans for the coming year that the Netherlands must brace for the harsh economic impact of the pandemic. Public health...

FILE - In this April 29, 2020 file photo, a man wearing a mask to protect against coronavirus, waits to cross the street as a digital sign displays groups of people walking above another sign displaying the size of the national debt along an empty K Street in Washington.  The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday, Sept. 11.  (AP Photo/Andrew Harnik, File)

US budget deficit hits record $3 trillion through 11 months

Sep. 11, 2020 10:39 PM EDT

WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday. The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that has cost...

A beam of light is seen over the Pentagon, as part of the Towers of Light Tribute marking the 19th anniversary of the 9/11 attack on the Pentagon, Wednesday, Sept. 9, 2020, in Washington. (AP Photo/Jose Luis Magana)

Pentagon rescinding order to shutter Stars and Stripes paper

Sep. 10, 2020 6:10 PM EDT

WASHINGTON (AP) — The Defense Department is rescinding its order to shut down the military’s independent newspaper, Stars and Stripes, in the wake of a tweet late last week by President Donald Trump vowing to continue funding the paper. In an email to Stripes’ publisher Max Lederer, Army Col....

FILE - In this April 29, 2020 file photo, a sign displaying the size of the national debt is displayed along an empty K Street in Washington.  The Congressional Budget Office has warned that the government this year will run the largest budget deficit, as a share of the economy, since 1945, the year World War II ended. Next year, the federal debt — made up of the year-after-year gush of annual deficits — is forecast to exceed the size of the entire American economy for the first time since 1946.  (AP Photo/Andrew Harnik, File)

AP Explains: US debt will soon exceed size of entire economy

Sep. 5, 2020 11:06 AM EDT

WASHINGTON (AP) — The U.S. government's war against the coronavirus is imposing the heaviest strain on the Treasury since America's drive to defeat Nazi Germany and imperial Japan three-quarters of a century ago. The Congressional Budget Office has warned that the government this year will run the largest...

President Donald Trump speaks during a signing ceremony with Serbian President Aleksandar Vucic and Kosovar Prime Minister Avdullah Hoti, in the Oval Office of the White House, Friday, Sept. 4, 2020, in Washington. (AP Photo/Evan Vucci)

Trump won't let Pentagon close Stars and Stripes newspaper

Sep. 4, 2020 11:10 PM EDT

WASHINGTON (AP) — President Donald Trump said Friday that he won't allow the Pentagon to cut funding for the military's independent newspaper, Stars and Stripes, effectively halting Defense leaders' plan to shut the paper down this month. “The United States of America will NOT be cutting funding to...

FILE - In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday, Sept. 2. (AP Photo/J. Scott Applewhite, File)

Budget deficit to hit record $3.3T due to virus, recession

Sep. 3, 2020 12:13 AM EDT

WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means that...

Treasury Secretary Steven Mnuchin is sworn in before the House Select Subcommittee on the Coronavirus Crisis during a hybrid hearing, Tuesday, Sept. 1, 2020, on Capitol Hill in Washington (Nicholas Kamm/Pool via AP)

Budget deficit to hit record $3.3T due to virus, recession

Sep. 2, 2020 3:14 PM EDT

WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday. That’s more than triple...

Federal budget deficit to hit record $3.3 trillion due to COVID-19 costs, recession

Sep. 2, 2020 2:12 PM EDT
WASHINGTON (AP) — Federal budget deficit to hit record $3.3 trillion due to COVID-19 costs, recession.