Latest Government spending News

UK avoids recession but economy growing at near decade lows

Nov. 11, 2019 7:45 AM EST

LONDON (AP) — The British economy avoided falling into recession in the third quarter of the year, but annual growth is running at a near-decade low rate as a result of ongoing uncertainty related to Britain's departure from the European Union and a subdued global backdrop, official figures showed Monday....

UK parties attack rival spending plans in election feud

Nov. 10, 2019 9:11 AM EST

LONDON (AP) — Britain's biggest political parties traded allegations of financial recklessness on Sunday as they vied to win voters' trust on the economy ahead of the country's Dec. 12 election. The main opposition Labour Party accused the governing Conservatives of spreading fake news with an eye-catching...

Election official rejects effort to recall Alaska governor

Nov. 4, 2019 8:22 PM EST

JUNEAU, Alaska (AP) — Supporters of an effort to recall Alaska Gov. Mike Dunleavy vowed to take their fight to court after an election official on Monday rejected their bid to move forward with seeking to oust him from office. Division of Elections Director Gail Fenumiai said she based her decision on...

Report: New Mexico lacks tools to track government spending

Nov. 1, 2019 4:24 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico likely isn't getting the best bang for its buck since it lacks the personnel and technology needed to adequately track nearly $2 billion in government spending. Legislative analysts have found that some state agencies are unnecessarily buying high-end vehicles, laptops,...

US economy grows at modest 1.9% rate in third quarter

Oct. 30, 2019 4:43 PM EDT

WASHINGTON (AP) — The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim their investments in response to trade war uncertainty and a weakening global economy. The Commerce Department reported Wednesday that the July-September...

Indiana to consider creating a government corruption hotline

Oct. 27, 2019 10:53 AM EDT

INDIANAPOLIS (AP) — Indiana residents soon could have a hotline for reporting improper or illegal spending and other suspected corruption by local government officials, if lawmakers approve a proposal being drafted by a legislative committee. Sen. Victoria Spartz said Indiana taxpayers have no clear place...

US deficit hits nearly $1 trillion. When will it matter?

Oct. 25, 2019 7:08 PM EDT

WASHINGTON (AP) — The Trump administration reported a river of red ink Friday. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years. The gap is widely expected to top $1 trillion in the current budget year and likely remain there for...

North Dakota Gov. Burgum says he'll seek second term

Oct. 24, 2019 4:37 PM EDT

BISMARCK, N.D. (AP) — Tech executive-turned-governor Doug Burgum announced Thursday that he's seeking a second term, highlighting anew his themes of "reinventing" government and running North Dakota state government like a business. In a video announcement posted on YouTube, the 63-year-old Republican...

Brazil Congress passes landmark overhaul of pension system

Oct. 22, 2019 10:45 PM EDT

SAO PAULO (AP) — The Senate gave final congressional approval Tuesday to an overhaul of Brazil's pension system, capping years of stalled efforts to sway public opinion and rein in unsustainable government spending on retirement. The Senate voted 60-19 to adopt changes for civil servants and private-sector...

Finance officials pledge to combat global economic slowdown

Oct. 19, 2019 3:42 PM EDT

WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown. The policy-setting...