Latest National budgets News

Protesters remain despite Lebanese PM's reform package

Oct. 21, 2019 3:09 PM EDT

BEIRUT (AP) — Facing escalating mass protests, the government of Lebanese Prime Minister Saad Hariri approved Monday a package of economic reforms and a 2020 budget without new taxes, hoping to appease people in the streets. Protests swelled in the hours after the announcement, however, as many...

Finance officials pledge to combat global economic slowdown

Oct. 19, 2019 3:42 PM EDT

WASHINGTON (AP) — Global finance officials wrapped up their fall meetings on Saturday with a pledge to "employ all appropriate tools" to combat the weakest global growth in a decade, but there was little evidence of progress in easing trade tensions, a major source of the slowdown. The policy-setting...

US says it recently paid cash-strapped UN $180 million

Oct. 18, 2019 6:04 PM EDT

UNITED NATIONS (AP) — The United States said Friday it has paid the United Nations $180 million toward its annual dues and expects to make another payment of $96 million within the next few weeks, which should help ease the U.N.'s worst cash crisis in nearly a decade. U.S. deputy ambassador Cherith Norman...

EU leaders censure Turkey over military action against Kurds

Oct. 18, 2019 11:08 AM EDT

BRUSSELS (AP) — European leaders issued a strong condemnation Friday of Turkey's military operation against Kurdish fighters in northern Syria, urging Ankara to immediately stop what French President Emmanuel Macron called "madness." At the conclusion of a two-day meeting in Brussels that largely focused...

Pelosi moves on drug prices despite falling-out with Trump

Oct. 17, 2019 8:11 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi is plowing ahead with her bill to allow Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the...

Italy's government to avoid widely criticized sales tax rise

Oct. 16, 2019 8:53 AM EDT

MILAN (AP) — Italy's new government has reached agreement on a set of budget measures to avoid a sales tax increase that critics warned would hurt the economy by weighing on spending. The measures agreed by Premier Giuseppe Conte's cabinet early Wednesday include revenue-raising measures to fight...

After ending protests, Ecuador faces dire economic outlook

Oct. 15, 2019 6:17 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64 billion public...

Supreme Court lets US stop work on $8B SC nuclear fuel plant

Oct. 15, 2019 3:42 PM EDT

COLUMBIA, S.C. (AP) — The federal government does not have to restart construction on a nuclear fuel facility in South Carolina that it abandoned after spending nearly $8 billion, the U.S. Supreme Court ruled Tuesday. The justices refused without comment to hear South Carolina's appeal of a lower court...

More victims, more damage found in Japan typhoon aftermath

Oct. 15, 2019 7:58 AM EDT

NAGANO, Japan (AP) — The toll of death and destruction from a typhoon that tore through central and northern Japan climbed Tuesday, as the government said it was considering approving a special budget for the disaster response and eventual reconstruction. Prime Minister Shinzo Abe told a parliamentary...

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...