Latest Government budgets News

Greece: Bailout lenders agree to scrap 2019 budget cuts

Nov. 15, 2018 2:39 PM EST

THESSALONIKI, Greece (AP) — Greek officials say lenders have agreed to scrap a major round of government funding cuts planned for next year after the country outperformed budget targets set to help protect public finances. Prime Minister Alexis Tsipras said the government received "very positive news from...

Argentine Senate approves austerity budget for IMF deal

Nov. 15, 2018 12:21 PM EST

BUENOS AIRES, Argentina (AP) — Argentine lawmakers approved an austerity budget for 2019 on Thursday, cutting social spending and raising debt payments to meet conditions for expanded financing from the International Monetary Fund. The budget approved Thursday by the Senate projects a 0.5 percent slide in...

Italy faces higher borrowing costs, sanctions on budget

Nov. 14, 2018 10:16 AM EST

MILAN (AP) — Italian borrowing costs nudged higher Wednesday after the populist government resubmitted draft budget proposals without the significant changes sought by the European Commission. A day after receiving the Italian government's submission, the European Union's executive branch said it would...

Italy's doesn't budge in clash with EU over budget deficit

Nov. 13, 2018 5:51 PM EST

MILAN (AP) — Italy's populist government maintained its controversial 2.4 percent budget deficit in responding to EU demands for changes, but made tweaks during a late-night Cabinet meeting Tuesday, including adding plans to sell off some government real estate. Deputy Premier Luigi Di Maio told reporters...

US October budget deficit jumps to $100.5 billion

Nov. 13, 2018 3:05 PM EST

WASHINGTON (AP) — The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar. The Treasury Department said Tuesday that the deficit shot up 59 percent from the same month a year ago. Last year's October deficit...

IMF: Mideast oil producers buoyed by higher prices, for now

Nov. 13, 2018 2:49 AM EST

DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. However, the rosier...

Meet the House Democrats who will be running the show

Nov. 12, 2018 12:37 AM EST

WASHINGTON (AP) — Now that Democrats have captured control of the House for the next two years, the party's most senior members are poised to regain the wide-ranging power of committee chairmanships. While some of the Democrats have gained fame in feuds with President Donald Trump, others are relatively...

Special session canceled after West Virginia justice resigns

Nov. 11, 2018 7:12 PM EST

CHARLESTON, W.Va. (AP) — The resignation of a West Virginia Supreme Court justice recently convicted of federal charges prompted the governor Sunday to cancel a special legislative session that was to consider the justice's removal. It was the latest development in an impeachment scandal miring some past...

Oregon teen mayor: People can serve no matter their age

Nov. 11, 2018 4:07 PM EST

PORTLAND, Ore. (AP) — The teenager elected mayor of his small Oregon city plans to be a steward for the budget and a proponent for growth. Voters in Yoncalla last week elected Ben Simons, 18, to be mayor of the city about 44 miles (71 kilometers) south of Eugene, the Oregonian reported . Simons beat out...

Meet the House Democrats who will be running the show

Nov. 11, 2018 2:32 PM EST

WASHINGTON (AP) — Now that Democrats have captured control of the House for the next two years, the party's most senior members are poised to regain the wide-ranging power of committee chairmanships. While some of the Democrats have gained fame in feuds with President Donald Trump, others are relatively...