Latest National budgets News

Tentative deal would avert possible looming federal shutdown

Dec. 12, 2019 8:06 PM EST

WASHINGTON (AP) — Senior lawmakers announced a tentative agreement Thursday on an almost $1.4 trillion government-wide spending bill that would stave off a federal shutdown next weekend and split the differences on a number of contentious issues. The handshake agreement was announced by the chairwoman of...

Eyeing 2020, House empowers Medicare to negotiate drug costs

Dec. 12, 2019 3:22 PM EST

WASHINGTON (AP) — Sharpening their 2020 election message, House Democrats on Thursday pushed through legislation that would empower Medicare to negotiate prescription drug prices and offer new benefits for seniors. The vote along party lines was 230-192. Speaker Nancy Pelosi's bill would cap Medicare...

ICE arrested fewer in 2019 as resources shifted to border

Dec. 11, 2019 5:53 PM EST

DALLAS (AP) — U.S. Immigration and Customs Enforcement arrested fewer people during the 2019 budget year than last year, in part because resources were shifted to help handle the massive surge of migrants at the U.S.-Mexico border, the agency said Wednesday. And the average number of immigrants in...

US budget deficit rises to $209 billion in November

Dec. 11, 2019 2:39 PM EST

WASHINGTON (AP) — The U.S. budget deficit rose by 2% last month to $209 billion, another step in a journey back toward $1 trillion-a-year budget shortfalls. The Treasury Department reported Wednesday that the federal government took in $225 billion in tax and other revenue but spent a record $434 billion...

House leaders racing the clock on government spending bill

Dec. 11, 2019 1:19 PM EST

WASHINGTON (AP) — The Senate's top Republican issued a downbeat assessment of talks on a government spending bill Wednesday, warning that it will require a “laser focus from both parties and both chambers" to meet next week's deadline and avert a federal shutdown. Across the Capitol, House Speaker...

Key dates in the House impeachment inquiry into Trump

Dec. 10, 2019 4:32 PM EST

WASHINGTON (AP) — APRIL 21, 2019 President Donald Trump speaks with then-President-elect Volodymyr Zelenskiy to congratulate him on his election victory. The White House says in a readout of the call that the president underscored unwavering support for Ukraine’s sovereignty and territorial...

Saudi Arabia's deficit widens to $49B ahead of Aramco sale

Dec. 9, 2019 2:33 PM EST

RIYADH, Saudi Arabia (AP) — Saudi Arabia will reduce spending in 2020 as the budget deficit widens to $49 billion amid sluggish oil prices and deeper curbs on oil production by the heavyweight producer. King Salman announced Monday expenditures will reach $272 billion next year, a nearly 8% decrease from...

Iran says new budget bucks US oil embargo, uses Russian loan

Dec. 8, 2019 11:18 AM EST

TEHRAN, Iran (AP) — Iran's president said on Sunday his country will depend less on oil revenue next year, in a new budget that is designed to resist crippling U.S. trade embargoes. Iran is in the grip of an economic crisis. The U.S. re-imposed sanctions that block Iran from selling its crude oil abroad,...

Bipartisan Medicare drug bill gets makeover to lower copays

Dec. 6, 2019 9:11 PM EST

WASHINGTON (AP) — A bipartisan Senate bill to curb prescription drug costs for Medicare recipients got a makeover Friday to lower copays and make it easier for seniors to budget for their expenses. The updated legislation unveiled by Sens. Chuck Grassley, R-Iowa, and Ron Wyden, D-Ore., would lower the...

A locker, a chirp: How tiny clues help solve child sex cases

Dec. 6, 2019 9:24 AM EST

FAIRFAX, Va. (AP) — It was the odd-looking locker handles that caught their eye. Investigators spent hours poring over graphic images of little boys changing in and out of their swimsuits at what looked like a YMCA. They were hunting for any clue to help them identify the location — and ultimately,...