Latest Government budgets News

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 01:03 AM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for seniors in the Medicare program. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay...

House Dems set to overcome GOP for climate, health care win

Aug. 12, 2022 00:52 AM EDT

WASHINGTON (AP) — A flagship Democratic economic bill perched on the edge of House passage Friday, placing President Joe Biden on the brink of a back-from-the-dead triumph on his climate, health and tax goals that could energize his party ahead of November’s elections. Democrats...

Abortion ruling prompts variety of reactions from states

Aug. 11, 2022 15:05 PM EDT

The U.S. Supreme Court on June 24 overturned Roe v. Wade, the 1973 decision that had provided a constitutional right to abortion. The ruling was expected to lead to abortion bans in roughly half the states, although the timing of those laws taking effect varies. Some Republican-led...

Georgia's Kemp seeks tax breaks, rebutting Abrams on economy

Aug. 11, 2022 14:29 PM EDT

ATLANTA (AP) — Georgia GOP Gov. Brian Kemp unfurled the first major policy proposals of his reelection bid Thursday, pledging to spend $2 billion on another state income tax rebate and revival of a long-dormant state property tax break while contending with Democratic challenger Stacey Abrams...

EU to stop Greek budget watch in formal end to major crisis

Aug. 10, 2022 15:23 PM EDT

BRUSSELS (AP) — The European Union’s budget watchdog announced Wednesday that it is winding up years of surveillance of Greek government spending. The move marks a formal end to a major crisis that threatened to see Greece ejected from the euro single currency group, imposed severe hardship on...

AP FACT CHECK: GOP skews budget bill’s impact on IRS, taxes

Aug. 10, 2022 14:59 PM EDT

Republican politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class. The “ Inflation Reduction Act,” which awaits a House vote after passing in the Senate on Sunday, would...

Long-delayed Indiana tax rebate checks will be larger

Aug. 10, 2022 14:47 PM EDT

INDIANAPOLIS (AP) — About 1.7 million tax rebate checks from Indiana’s big state budget surplus that have been delayed for months will be larger when they finally start hitting mailboxes. State lawmakers last week approved a second round of rebates amounting to $200 per taxpayer,...

Abrams seeks to invest to build inclusive economy in Georgia

Aug. 09, 2022 21:06 PM EDT

ATLANTA (AP) — Democratic gubernatorial candidate Stacey Abrams argued in a speech Tuesday that it's time for Georgia to use its budget surplus to invest in its residents, accusing Gov. Brian Kemp and other Republicans of hurting the state by prioritizing low taxes and low spending. ...

Idaho cities decline federal coronavirus relief money

Aug. 09, 2022 18:43 PM EDT

BOISE, Idaho (AP) — Sixteen Idaho cities have rejected a combined $700,000 in federal coronavirus rescue money, and one city that accepted $550,000 might have to return it if it doesn't approve spending it. It’s a small part of the $5.74 billion Idaho received in the $1.9...

California's Newsom wants to accelerate key climate goals

Aug. 09, 2022 17:59 PM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom wants to speed up the state's transition to non-carbon electricity sources and accelerate its timeline for lowering greenhouse gas emissions. Those are among the proposals the Democratic governor has delivered to lawmakers as...