Latest National budgets News

An image provided by Google shows the Pixel 4A budget smartphone, which has the same high-quality camera and several other features available in fancier Pixel models. The phone, unveiled Monday, Aug. 3, 2020, will be available Aug. 20 after months of delay caused by supply problems triggered by the coronavirus pandemic. It will cost $349, a $50 discount from a cheap Pixel released last year. It's also a major markdown from other higher-end models in the existing product line-up that start at $799. (Google via AP)

Google unveils budget Pixel phone as pandemic curbs spending

Aug. 3, 2020 7:38 PM EDT

SAN RAMON, Calif. (AP) — Google has started selling a long-delayed budget smartphone boasting the same high-quality camera and several other features available in fancier Pixel models that cost hundreds of dollars more. The Pixel 4a unveiled Monday will be available Aug. 20 after months of delay caused by...

Fitch lowers its outlook on US credit rating to 'negative'

Jul. 31, 2020 7:19 PM EDT

WASHINGTON (AP) — Fitch has lowered the outlook for its U.S. government credit rating to “negative” from “stable” due to soaring budget deficits, but the agency is keeping its overall rating at the highest AAA level. Fitch said Friday that the downgraded outlook reflects the...

Israelis chant slogans during a demonstration against corruption near the house of Israel's Minister of Public Security In Tel Aviv, Israel, Thursday, July 30, 2020. Sign in Hebrew reads:

Contentious budget vote could push Israel toward elections

Jul. 30, 2020 6:07 PM EDT

JERUSALEM (AP) — Hundreds of opponents of Prime Minister Benjamin Netanyahu demonstrated outside his official residence late Thursday, calling on him to resign, while a small group of his supporters clashed with police and journalists at a nearby outdoor mall. Thousands of people, including many young...

FILE - In this April 16, 2020, file photo, a customer puts gold bars on basket for sell to a gold shop in Bangkok, Thailand. The price of gold surged more than $30 on Monday, July 27, 2020 to over $1,926 per ounce as investors step up buying of the precious metal often sought in times of uncertainty. Gold was trading at $1,926.20 by early afternoon in Asia, up 1.5%, after surging over the weekend. (AP Photo/Sakchai Lalit, File)

Gold's luster grows as investors hedge in uncertain times

Jul. 27, 2020 5:17 PM EDT

Wall Street is in the throes of a gold rush, as investors drive the price of the precious metal to new heights. Gold has been the best investment of the year so far. The price of the precious metal has climbed nearly 27% this year, more than triple the return of the largest U.S. bond funds and towering over the...

FILE - In this May 28, 2020, file photo, Sen. Holly Mitchell, D-Los Angeles, left, chair of the Senate Budget and Fiscal Review Committee, wears a face mask while standing behind a plexiglass barrier during a budget committee hearing in the Senate in Sacramento, Calif. California lawmakers are preparing to return to work after an extended summer recess because of the coronavirus. Lawmakers will have about five weeks to pass bills when they return to work on Monday, July 27, 2020. (AP Photo/Rich Pedroncelli, File)

Little time, big agenda when California lawmakers return

Jul. 26, 2020 11:19 AM EDT

SACRAMENTO, Calif. (AP) — California lawmakers are returning to work Monday for a furious five-week sprint that will include contentious debates about police brutality, unemployment benefits, hospital mergers and a moratorium on evictions during the coronavirus pandemic. The state Legislature has shut down...

FILE- In this Friday, May 15, 2020, file photo, Hungarian Prime Minister Viktor Orban listens to a question during a press conference after a meeting with Serbian President Aleksandar Vucic in Belgrade, Serbia. Hungary's prime minister says that his country won a “very important battle” at the European Union summit this week, where national leaders of the 27-member bloc decided an seven-year budget and economic recovery package to counter the effects of the coronavirus pandemic.  (AP Photo/Darko Vojinovic, File)

Hungarian PM claims EU win but rule-of-law dispute not over

Jul. 24, 2020 8:03 AM EDT

BUDAPEST, Hungary (AP) — Hungary’s prime minister on Friday touted what he called his victory at the European Union summit, where the bloc's leaders decided on a massive seven-year budget and coronavirus recovery plan, but acknowledged he did not achieve his goal of de-linking EU funds from rule of...

European Commission President Ursula von der Leyen addresses European lawmakers at the European Parliament in Brussels, Thursday, July 23, 2020. European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the coronavirus outbreak. (Francois Walschaerts, Pool Photo via AP)

EU top official: Budget cuts are 'difficult pill to swallow'

Jul. 23, 2020 12:52 PM EDT

BRUSSELS (AP) — The European Union's top official said Thursday that planned cuts in the next long-term multi-billion budget of the 27-nation bloc are a “difficult pill to swallow." In a speech delivered to European lawmakers, European Commission President Ursula von der Leyen admitted that the...

European Parliament President David Sassoli talks during a news conference following the recovery financial plan deal at the EU leaders summit, at the European Parliament in Brussels, Wednesday, July 22, 2020. After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro (dollars 2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. (Francois Lenoir, Pool Photo via AP)

EU Parliament chief deplores cuts in key budget programs

Jul. 22, 2020 8:25 AM EDT

BRUSSELS (AP) — The European Parliament's president criticized Wednesday the cuts to key programs that the EU's 27 leaders approved in the bloc's long-term budget at a marathon summit this week. The seven-year budget worth 1.07 trillion ($1.2 trillion) was negotiated in tandem with a 750 billion-euro ($868...

A man wearing a face mask looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 22, 2020. Shares were mixed in Asia on Wednesday, with Australia’s benchmark down more than 1% on reports of a sharp rise in coronavirus cases in the Melbourne area. (AP Photo/Eugene Hoshiko)

Asian shares mixed after lackluster session on Wall Street

Jul. 21, 2020 11:15 PM EDT

MITO, Japan (AP) — Shares were mixed in Asia on Wednesday, with Australia’s benchmark down more than 1% on reports of a sharp rise in coronavirus cases in the Melbourne area. Benchmarks rose in Tokyo, Shanghai and Seoul but fell in Hong Kong. Adding to unease was a report by the U.S. Centers for...

German Chancellor Angela Merkel, left, and French President Emmanuel Macron walk onto the podium prior to a media conference at the end of an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (John Thys, Pool Photo via AP)

Stimulus package breaks new ground in European unity

Jul. 21, 2020 11:00 AM EDT

FRANKFURT, Germany (AP) — European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the virus outbreak. Pushed by Germany's Angela Merkel and France's Emmanuel Macron,...