Latest Government budgets News

Donald Trump rolls out tax breaks, but no specifics, for overseas citizens and auto buyers

Oct. 10, 2024 17:07 PM EDT

DETROIT (AP) — Donald Trump on Thursday rolled out more plans for tax breaks without offering details on how they would work or how they'd affect the federal budget. Trump vowed in a speech at the Detroit Economic Club to allow interest on car loans to be deducted from taxes,...

Wisconsin Supreme Court grapples with governor's 400-year veto, calling it 'crazy'

Oct. 09, 2024 13:06 PM EDT

MADISON, Wis. (AP) — Justices on the Wisconsin Supreme Court said Wednesday that Gov. Tony Evers' creative use of his expansive veto power in an attempt to lock in a school funding increase for 400 years appeared to be “extreme” and “crazy" but questioned whether and how it should be reined...

Ex-New Mexico state senator John Arthur Smith dies at 82

Oct. 07, 2024 19:12 PM EDT

SANTA FE, N.M. (AP) — Former New Mexico state Sen. John Arthur Smith, a conservative-leaning Democrat who served southwestern District 35 for more than three decades, died Monday. He was 82. Smith died at his Deming home, according to New Mexico Lt. Gov. Howie Morales. A cause of...

Maryland governor aims to cut number of vacant properties in Baltimore by 5,000

Oct. 01, 2024 19:54 PM EDT

BALTIMORE (AP) — Maryland Gov. Wes Moore signed an executive order Tuesday that aims to transform 5,000 vacant properties in Baltimore into homeownership or other positive outcomes in five years. The order creates a program called Reinvest Baltimore. It will coordinate state, city,...

Congress passes temporary bill to avoid shutdown as lawmakers punt spending decisions to December

Sep. 25, 2024 18:47 PM EDT

WASHINGTON (AP) — Congress on Wednesday passed a temporary measure that keeps government agencies funded into December, avoiding a shutdown for now while punting final spending decisions until after the Nov. 5 election. The Senate approved the measure by a vote of 78-18 shortly...

France's new government meets for the first time to discuss budget and migrant issues

Sep. 23, 2024 11:26 AM EDT

PARIS (AP) — France’s new government dominated by conservatives and centrists gathered for the first time Monday as Prime Minister Michel Barnier set budget and migrant issues as top priorities. Barnier convened a meeting early morning with newly appointed ministers ahead of a...

Britain's Treasury chief tries to turn on the economic optimism after months of gloomy talk

Sep. 23, 2024 09:19 AM EDT

LIVERPOOL, England (AP) — British Treasury chief Rachel Reeves promised on Monday not to return to an era of public spending cuts despite the dire state of the U.K.’s national finances, as she tried to inject a dose of optimism after weeks of negative headlines for the country’s new Labour...

Spending deal averts a possible federal shutdown and funds the government into December

Sep. 23, 2024 01:19 AM EDT

WASHINGTON (AP) — Congressional leaders announced an agreement Sunday on a short-term spending bill that will fund federal agencies for about three months, averting a possible partial government shutdown when the new budget year begins Oct. 1 and pushing final decisions until after the November...

EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid

Sep. 20, 2024 07:28 AM EDT

KYIV, Ukraine (AP) — The European Union pledged on Friday to lend Ukraine up to 35 billion euros ($39 billion) as part of a loan package organized by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid. ...

House rejects temporary funding bill to avoid government shutdown

Sep. 18, 2024 19:28 PM EDT

WASHINGTON (AP) — The House on Wednesday rejected Speaker Mike Johnson's proposal that would have linked temporary funding for the federal government with a mandate that states require proof of citizenship when people register to vote. Next steps on government funding are...