Latest Government spending News

Illinois Editorial Roundup:

Sep. 22, 2020 4:21 PM EDT

Here are excerpts of editorials from newspapers published in Illinois. September 21, 2020 Chicago Tribune Rooting for government merger mania in cash-strapped Illinois What would be the most honorable, selfless act an Illinois elected official might consider? Probably this: To acknowledge the state’s...

House Speaker Nancy Pelosi of Calif., center, with House Democrats including House Majority Whip James Clyburn, of S.C., left, and Chairman of the House Energy and Commerce Committee Rep. Frank Pallone, D-N.J., speaks during a news conference about COVID-19, Thursday, Sept. 17, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Stopgap bill to prevent shutdown held up over farm funding

Sep. 18, 2020 7:58 PM EDT

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee spokesman...

Line in Democratic Missouri governor hopeful's ad misleading

Sep. 17, 2020 1:01 PM EDT

KANSAS CITY, Mo. (AP) — A campaign ad for Democratic candidate for Missouri governor Nicole Galloway says she's “recovered” hundreds of millions of dollars in government waste, fraud and abuse as state auditor. But it's more accurate to say she uncovered that much in poor spending of...

FILE - In this Sept. 7, 2020, file photo, a firefighter battles the Creek Fire as it threatens homes in the Cascadel Woods neighborhood of Madera County, Calif. This year's fires have taxed the human, mechanical and financial resources of the nation's wildfire fighting forces to a degree that few past blazes did. And half of the fire season is yet to come. (AP Photo/Noah Berger,File)

'Nothing left in the bucket': Wildfire resources run thin

Sep. 17, 2020 11:20 AM EDT

Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the flames. Before that, he and his crew had worked for 20 days, followed by a three-day break. Silvera, a 43-year-old battalion chief with Cal Fire,...

FILE - In this April 29, 2020 file photo, a man wearing a mask to protect against coronavirus, waits to cross the street as a digital sign displays groups of people walking above another sign displaying the size of the national debt along an empty K Street in Washington.  The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday, Sept. 11.  (AP Photo/Andrew Harnik, File)

US budget deficit hits record $3 trillion through 11 months

Sep. 11, 2020 10:39 PM EDT

WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday. The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that has cost...

Senate Minority Leader Sen. Chuck Schumer of N.Y., left, with Sen. Elizabeth Warren, D-Mass., speaks during a news conference, Wednesday, Sept. 9, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Virus bill blocked in Senate as prospects dim for new relief

Sep. 10, 2020 4:54 PM EDT

WASHINGTON (AP) — Senate Democrats scuttled a scaled-back GOP coronavirus rescue package on Thursday as the parties argued to a standstill over the size and scope of the aid, likely ending hopes for coronavirus relief before the November election. The mostly party-line vote capped weeks of wrangling that...

Senate Majority Leader Mitch McConnell of Ky., puts his face mask back on after speaking during a news conference of Senate Republican leadership, Wednesday, Sept. 9, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

No virus aid before election? Pessimism before Senate vote

Sep. 9, 2020 8:55 PM EDT

WASHINGTON (AP) — Top Republican senators made pessimistic predictions Wednesday about securing a bipartisan coronavirus relief package before the November election, signaling instead they will just try to pass legislation that would avoid a federal shutdown as lawmakers head home to campaign. Senate...

People take elevators at a shopping building in Tokyo on Aug. 24, 2020. Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday, Sept. 8, 2020, Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. (AP Photo/Eugene Hoshiko)

Japan's economy shrinks 28% in 2Q, worse than 1st estimate

Sep. 7, 2020 10:27 PM EDT

TOKYO (AP) — Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last...

FILE - In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday, Sept. 2. (AP Photo/J. Scott Applewhite, File)

Budget deficit to hit record $3.3T due to virus, recession

Sep. 3, 2020 12:13 AM EDT

WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means that...

Treasury Secretary Steven Mnuchin is sworn in before the House Select Subcommittee on the Coronavirus Crisis during a hybrid hearing, Tuesday, Sept. 1, 2020, on Capitol Hill in Washington (Nicholas Kamm/Pool via AP)

Budget deficit to hit record $3.3T due to virus, recession

Sep. 2, 2020 3:14 PM EDT

WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday. That’s more than triple...