Latest Government spending News

Britain's Chancellor Rishi Sunak leaves 11 Downing Street in London, Tuesday, Oct. 20, 2020. (AP Photo/Kirsty Wigglesworth)

UK government borrowing hits record due to pandemic

Oct. 21, 2020 9:56 AM EDT

LONDON (AP) — The COVID-19 pandemic is battering Britain’s public finances, pushing government borrowing to a record last month as tax revenue fell and authorities spent billions of pounds to prop up the economy. The government borrowed a net 36.1 billion pounds ($47.1 billion) in September, pushing...

FILE - In this Sept. 1, 2020 file photo, Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing on Capitol Hill in Washington. The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday, Oct. 16,  that the deficit for the budget year that ended on Sept. 30 was three times the size of last year's deficit of $984 billion. (Graeme Jennings/Pool via AP, File)

Awash in red ink: US posts record $3.1T 2020 budget deficit

Oct. 16, 2020 3:19 PM EDT

WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday that the deficit for the budget year that ended...

FILE - In this Nov. 26, 2019, file photo, Pennsylvania Attorney General Josh Shapiro speaks at Muhlenberg High School in Reading, Pa. Democrat Shapiro is being challenged by Republican Heather Heidelbaugh for the office. (AP Photo/Matt Rourke, File)

Pennsylvanians to pick 3 statewide row office holders Nov. 3

Oct. 10, 2020 8:37 AM EDT

HARRISBURG, Pa. (AP) — Voters next month will decide who should be Pennsylvania's highest-ranking law enforcement official and oversee an agency with about 250 lawyers and a budget approaching $190 million. They'll pick a state treasurer, a job that handles billions of dollars in public funds and plays a...

A new lighting system illuminates the ancient Acropolis hill in Athens, Wednesday, Sept. 30, 2020. Ancient temples on the Acropolis are illuminated after a new lighting system was installed and launched. The lower-energy LED lighting fixtures will light up more parts of the ancient site and is also intended to reduce light pollution with better-targeted lighting. (AP Photo/Yorgos Karahalis)

Greece's economy to shrink by estimated 8.2% this year

Oct. 5, 2020 7:24 AM EDT

ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking up next year, the government said Monday as it submitted its 2021 draft budget to parliament. The 2021 budget was “drawn up in an environment of...

FILE - In this Feb. 12, 2020, file photo, Montana Lt. Gov. Mike Cooney speaks at a forum for Democratic gubernatorial candidates in Billings Mont. Montana gubernatorial candidates will face off Saturday, Oct. 3, 2020, in the first of two debates that will highlight key issues in the tight race.   (AP Photo/Matthew Brown, File)

Gianforte, Cooney focus on pandemic and economy in debate

Oct. 3, 2020 10:25 PM EDT

HELENA, Mont. (AP) — Montana gubernatorial candidates Republican Greg Gianforte and Democrat Mike Cooney focused on their approaches to the economy and their responses to the coronavirus pandemic in their first debate Saturday evening. Gianforte, who is endorsed by President Donald Trump and is known for...

House Speaker Nancy Pelosi of Calif., speaks during a weekly news conference, Thursday, Oct. 1, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

House Democrats pass partisan COVID bill; relief talks drag

Oct. 1, 2020 8:27 PM EDT

WASHINGTON (AP) — Democrats controlling the House narrowly passed a $2.2 trillion COVID-19 relief bill Thursday night, a move that came as top-level talks on a smaller, potentially bipartisan measure dragged on toward an uncertain finish. An air of pessimism has largely taken over the Capitol. The...

FILE - In this Thursday, July 30, 2020, file photo, a demonstrator holds a sign that reads

Police departments seeing modest cuts, but not 'defunding'

Oct. 1, 2020 2:02 PM EDT

DAVENPORT, Iowa (AP) — The racial justice protests following the death of George Floyd earlier this year prompted calls to “defund the police” in cities across the country, a priority for activists that has now become a central point in the presidential contest. A review by The Associated...

Treasury Secretary Steven Mnuchin, makes a brief comment as he leaves the Capitol, Wednesday, Sept. 30, 2020, in Washington. Mnuchin earlier met with House Speaker Nancy Pelosi of Calif. (AP Photo/Manuel Balce Ceneta)

Pelosi and Mnuchin have 'extensive' talks on COVID relief

Sep. 30, 2020 8:37 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting face to face for the first time in more than a month in a last-ditch effort to seal a tentative accord on an additional round of...

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...