Latest Fiscal policy News

White Sands monument closer to gaining national park status

Dec. 11, 2019 7:58 PM EST

ALBUQUERQUE, N.M. (AP) — A national monument in southern New Mexico is one step closer to being re-designated as a national park. The U.S. House on Wednesday approved a defense spending measure that includes language to boost the classification of White Sands National Monument. President Donald Trump has...

Maine governor releases 10-year economic plan

Dec. 11, 2019 4:49 PM EST

SEARSMONT, Maine (AP) — Maine Gov. Janet Mills is touting an economic plan she released Wednesday that seeks to boost wages and increase the number of skilled workers at a time when thousands of workers are expected to retire from the workforce. Mills unveiled a 10-year economic plan that aims to raise...

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...

Europe's new central bank chief faces slow growth, dissent

Dec. 10, 2019 11:48 AM EST

FRANKFURT, Germany (AP) — Mario Draghi took over as head of the European Central Bank eight years ago amid market speculation that the euro currency union might break up. Christine Lagarde succeeds him with more breathing room - but facing serious challenges from a weak economy, policy differences among...

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...

New Mexico to invest in Las Cruces hemp manufacturing firm

Dec. 4, 2019 6:33 PM EST

LAS CRUCES, N.M. (AP) — A hemp manufacturing business in southern New Mexico will get a boost from the state Economic Development Department. The agency announced Wednesday that it has pledged to invest $400,000 in 420 Valley LLC as part of a continued effort by Gov. Michelle Lujan Grisham's administration...

US construction spending falls 0.8% in October

Dec. 2, 2019 11:56 AM EST

WASHINGTON (AP) — Spending on U.S. construction projects fell 0.8% in October, dragged down by declines in apartment and multi-family homebuilding. Private construction spending declined 1% in October, the Commerce Department said Monday. That follows another significant 1.1% decline in September. Overall...

In Lebanon, financial collapse and security concerns loom

Nov. 27, 2019 1:57 PM EST

BEIRUT (AP) — Hundreds of Lebanese women marched across a former front line in the Lebanese capital Wednesday carrying white roses and Lebanese flags to denounce overnight clashes between rival groups that injured dozens of people. They pledged no return to civil war. But amid a political impasse after 40...

US economy looking durable despite risks from trade conflict

Nov. 27, 2019 1:08 PM EST

WASHINGTON (AP) — A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew...

Report: Legalizing casinos would provide modest boost

Nov. 25, 2019 6:15 PM EST

RICHMOND, Va. (AP) — The research arm of Virginia’s legislature said in a report Monday that legalizing casinos in Old Dominion would provide a modest economic boost, but mean less money for the horse racing industry and heightened risks of people developing gambling addictions. The Joint...