Latest National budgets News

This April 11, 2015, photo provided by EcoFlight shows the White Mesa Uranium Mill near Blanding in southeastern Utah. The Trump administration is asking Congress for $1.5 billion over 10 years to build up a U.S. uranium stockpile, saying it wants to break an over-reliance on foreign uranium that undermines U.S. energy security. The White Mesa facility is one of the sites where production could be ramped up under the proposal. (Dom Smith/EcoFlight via AP)

Trump's $1.5B uranium bailout triggers rush of mining plans

Feb. 14, 2020 11:20 PM EST

SALT LAKE CITY (AP) — President Donald Trump's $1.5 billion proposal to prop up the country's nuclear fuel industry has emboldened at least one company to take steps toward boosting operations at dormant uranium mines around the West, including outside Grand Canyon National Park. The company, Canada-based...

European Council President Charles Michel arrives for a media conference at the Parlamentarium in Brussels, Friday, Jan. 31, 2020. The U.K. is due to leave the EU on Friday the first nation in the bloc to do so. (AP Photo/Virginia Mayo)

EU chief unveils budget plan setting scene for tense summit

Feb. 14, 2020 11:17 AM EST

BRUSSELS (AP) — The European Council president unveiled Friday his proposal for the EU’s next long-term budget, but the figure falls far short of the demands of Europe’s parliament, which must ratify the spending package, setting the scene for tense negotiations. Charles Michel’s...

FILE - In this Wednesday, Oct. 9, 2019 file photo, a construction worker stands in front of a door with the EU stars at EU headquarters in Brussels. The Brexit process shook the EU foundations and laid bare the need for much-delayed renovations, but tthe question now is where to start the revamp and who is going to foot the bill. (AP Photo/Virginia Mayo, File)

With Britain out, the unwieldy EU faces major budget battle

Feb. 14, 2020 2:27 AM EST

BRUSSELS (AP) — The Brexit drama shook the foundations of the European Union for years and laid bare the need for much-delayed political renovations at the 27-nation bloc. But now that Britain has finally left, where does the EU revamp even start and who is going to foot the bill? Those questions loom...

Office of Management and Budget Acting Director Russell Vought pauses as he testifies during a hearing of the House Budget Committee about President Trump's budget for Fiscal Year 2021, on Capitol Hill, Wednesday, Feb. 12, 2020, in Washington. (AP Photo/Alex Brandon)

White House tries to assure Congress over withheld money

Feb. 12, 2020 3:18 PM EST

WASHINGTON (AP) — A key White House figure in delaying aid to Ukraine last year reassured lawmakers Wednesday that the Trump administration realizes it is required under the law to spend money approved by Congress. Acting budget director Russell Vought told the House Budget Committee that "we need to abide...

The moon rises behind the ancient Acropolis hill with the 500 BC Parthenon temple in Athens, on Saturday, Feb. 8, 2020. (AP Photo/Petros Giannakouris)

Greek 10-year bond yield makes historic dip below 1%

Feb. 12, 2020 2:53 PM EST

Greece's 10-year government bond yield fell below 1% Wednesday for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield dropped to 0.957% but remains among the highest borrowing rates in the 19-country eurozone and roughly level with Italy —...

FILE - In this Jan. 29, 2020, file photo the Capitol is seen amid reflections of the Russell Senate Office Building in Washington. On Wednesday, Feb. 12, the Treasury Department releases federal budget data for January. (AP Photo/J. Scott Applewhite, File)

US on track for first $1 trillion budget deficit since 2012

Feb. 12, 2020 2:48 PM EST

WASHINGTON (AP) — The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012. The Treasury Department said Wednesday in its monthly budget report that the deficit from...

EU Parliament chief pushes for ambitious long-term budget

Feb. 12, 2020 11:28 AM EST

BRUSSELS (AP) — The European Parliament president warned EU member states Wednesday that they won't have the support of lawmakers if they fail to back anambitious long-term budget for the bloc. European leaders will gather in Brussels on Feb. 20 for a special summit to find a compromise on the bloc's...

Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services, on Capitol Hill, Tuesday, Feb.11, 2020 in Washington. (AP Photo/Alex Brandon)

Powell: Economy looks resilient despite risk of China virus

Feb. 11, 2020 2:54 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy appears durable, with steady growth and unemployment near a half-century low, but faces risks from the broadening viral outbreak that began in China. Powell also said that the Fed is content with where interest...

President Donald Trump boards Air Force One to travel to a campaign rally in Manchester, N.H., Monday, Feb. 10, 2020, at Andrews Air Force Base, Md. (AP Photo/Evan Vucci)

Trump seeks big increase in career-technical education money

Feb. 10, 2020 6:23 PM EST

President Donald Trump is proposing a $900 million increase in education spending to teach skills and trades, in what would be a historic federal infusion into a spending area that's been stagnant for years. The announcement Monday follows Trump's State of the Union push for career and technical education and is...

President Donald Trump speaks during a 'White House Business Session with our Nation's Governors,

Trump calls for slashing funding for toxic Superfund cleanup

Feb. 10, 2020 5:06 PM EST

WASHINGTON (AP) — President Donald Trump asked Congress on Monday to slash funding for the Superfund program around the country, despite already building up the biggest backlog in 15 years of hazardous waste clean-ups stalled for lack of money. Overall, the president proposed cutting $2.4 billion, or 26%,...