Latest National budgets News

Lebanese losing faith as politicians fumble over economy

Jul. 19, 2019 3:21 PM EDT

BEIRUT (AP) — For days, Lebanese TV stations have been blanketed with live coverage as lawmakers held heated debate over a controversial austerity budget meant to salvage the flailing economy, with protests outside parliament and critics denouncing its focus on tax hikes and wage cuts. Mohammed Badran,...

Lebanon lawmakers ratify austerity budget to address a slump

Jul. 19, 2019 2:55 PM EDT

BEIRUT (AP) — Lebanese lawmakers ratified Friday a controversial austerity budget that aims to save an indebted economy following a raucous voting day that saw protesters attempting to breach the parliament security zone. The austerity budget, which increased income and import taxes and suspended early...

Clarke and McRae both tout experience in treasurer race

Jul. 19, 2019 12:56 PM EDT

JACKSON, Miss. (AP) — Eugene "Buck" Clarke and David McRae say they want to be Mississippi's treasurer, even though the next person in that office will inherit a little-discussed mess — a college savings plan that could run out of money in a few years. Clarke and McRae are competing in the Aug. 6...

Navy brass, low budget blamed for Argentina sub tragedy

Jul. 18, 2019 9:00 PM EDT

BUENOS AIRES, Argentina (AP) — An Argentine legislative commission has concluded that the sinking of a submarine with all 44 crewmembers was caused by the inefficiency of naval commanders and budget limitations, discarding theories the vessel was attacked or hit by a ship. In a report released Thursday,...

Scuffles near Lebanon parliament before vote on budget

Jul. 18, 2019 3:13 PM EDT

BEIRUT (AP) — Dozens of protesters scuffled with Lebanese security forces guarding the country's parliament Thursday just as lawmakers were meeting ahead of a final vote on a controversial austerity budget. The protesters, most of them army veterans, were pushed back and moved down the road, where they...

Mnuchin: Negotiators agree on core elements of budget deal

Jul. 18, 2019 3:12 PM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday that negotiators have reached an agreement on the core elements of a deal to increase the government's borrowing cap and set a $1.3 trillion overall level for the agency budgets that Congress passes each year. He told CNBC's "Squawk Box"...

Lawmakers impede next UK leader's path to a no-deal Brexit

Jul. 18, 2019 12:34 PM EDT

LONDON (AP) — With Britain set to get a new pro-Brexit leader within days, lawmakers on Thursday erected a roadblock in the path of any attempt by the incoming prime minister to take the country out of the European Union without a divorce deal. The move came as the U.K.'s official economic watchdog said a...

Mexico cuts budget for all, from athletes to archaeologists

Jul. 17, 2019 8:09 PM EDT

MEXICO CITY (AP) — The Mexican Olympic Committee said Wednesday it will no longer be able to offer food, lodging and medical services at its main sports training complex, the latest casualty in a round of deep budget cuts by President Andres Manuel Lopez Obrador. Seldom has a leftist been so obsessively...

Washington talks could soon yield spending, debt deal

Jul. 17, 2019 6:20 PM EDT

WASHINGTON (AP) — Washington negotiators are closing in on a budget and debt deal that would stave off the chance of a government shutdown this fall and allow Congress to speed through legislation to increase the government's borrowing cap. The emerging two-year framework would satisfy demands for an...

New Greek PM calls bond auction "vote of confidence"

Jul. 16, 2019 2:46 PM EDT

ATHENS, Greece (AP) — Greece launched a 7-year bond auction Tuesday, the country's third effort this year to raise money from international markets while improved borrowing rates provide an advantage. The auction aimed at raising 2.5 billion euros ($2.8 billion) followed 5-year and 10-year bond issues...