Latest Government spending News

Child care provider Pat Alexander helps children, Isaiah, left, and Hector, right, identify various types of dinosaurs at her child care center in Elk Grove, Calif., on Wednesday, Feb. 26, 2020. Gov. Gavin Newsom is proposing to consolidate the state's array of child care programs and to spend up to $10 million a year to create a new Department of Early Childhood Development. The plan has gotten some criticism from some child care providers who question the wisdom of spending millions to create a new bureaucracy. (AP Photo/Rich Pedroncelli)

California governor seeks overhaul of child care programs

Feb. 26, 2020 3:05 PM EST

SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom wants to consolidate the state's confusing array of child care programs that are run by multiple state agencies to make getting the services easier for for low-income parents of young kids. But the first-term Democratic governor's proposal — which would...

South Africa giving billions to struggling state-owned firms

Feb. 26, 2020 10:06 AM EST

JOHANNESBURG (AP) — South Africa on Wednesday announced an additional $3.5 billion in government spending for struggling state-owned power utility Eskom and national carrier South African Airways over the next three years as the country’s weak economy faces an electricity crisis. Finance Minister...

FILE - In this Feb. 20, 2020, file photo, people wear masks as they commute during the morning rush hour in Chuo district in Tokyo. China's massive travel restrictions, house-to-house checks, huge isolation wards and lockdowns of entire cities bought the world valuable time to prepare for the global spread of the new virus. (AP Photo/Kiichiro Sato, File)

Coronavirus poses tough challenge for economic policymakers

Feb. 25, 2020 5:35 PM EST

WASHINGTON (AP) — The fast-moving coronavirus isn’t just confounding health officials. It’s also bedeviling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that's reached 37 countries and territories, infected 80,000 people and killed 2,700...

FILE - In this Nov. 5, 2018, file photo, supporters of President Donald Trump wait for him to arrive to speak at a rally at Allen County War Memorial Coliseum, in Fort Wayne, Ind. Vice President Mike Pence has a favorite line when he introduces President Donald Trump at rallies. He says

'Promises kept' mantra doesn't always match Trump's reality

Feb. 23, 2020 7:45 AM EST

WASHINGTON (AP) — “It's been three years of promises made and promises kept, but we’re just getting started, (insert state here)." That line from Vice President Mike Pence is a hallmark of how he introduces President Donald Trump to campaign rally audiences. Last week, he delivered versions...

Oregon business tax greeted with confusion, consternation

Feb. 22, 2020 10:02 AM EST

PORTLAND, Ore. (AP) — Ross Stock has known since last spring that his softwood lumber mill in Toledo would be subject to Oregon’s new, $1 billion business tax. Nine months later, though, he still doesn’t know what it will cost him. The new corporate activity tax, which went into effect...

New Mexico state senators back tuition-free college plan

Feb. 18, 2020 6:41 PM EST

SANTA FE, N.M. (AP) — Revisions to New Mexico's budget plan released Tuesday would set aside money for the governor's tuition-free college initiative and dial back average teacher raises to 4% instead of 5% as originally proposed. The Senate's spending measure increases general fund spending by $536...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares take hit as virus outbreak slams profits, events

Feb. 18, 2020 7:08 AM EST

BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...

People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 17, 2020. Markets are mixed in Asia, with Japan's benchmark slipping 0.8% after the government reported the economy contracted in the last quarter. (AP Photo/Vincent Yu)

Asian markets mixed: Japan skids; China helped by rate cut

Feb. 16, 2020 11:30 PM EST

BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China's shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of...

Texas health chief named Louisiana's new health secretary

Feb. 12, 2020 5:26 PM EST

BATON ROUGE, La. (AP) — Gov. John Bel Edwards announced Wednesday that he is hiring the leader of Texas' health agency to be the new secretary of the Louisiana Department of Health, the state's largest cabinet department with a multibillion-dollar budget. Courtney Phillips, who has led the Texas Health and...

FILE - In this Jan. 29, 2020, file photo the Capitol is seen amid reflections of the Russell Senate Office Building in Washington. On Wednesday, Feb. 12, the Treasury Department releases federal budget data for January. (AP Photo/J. Scott Applewhite, File)

US on track for first $1 trillion budget deficit since 2012

Feb. 12, 2020 2:48 PM EST

WASHINGTON (AP) — The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012. The Treasury Department said Wednesday in its monthly budget report that the deficit from...