Latest Government budgets News

Lawmakers impede next UK leader's path to a no-deal Brexit

Jul. 18, 2019 12:00 PM EDT

LONDON (AP) — British lawmakers on Thursday put a substantial roadblock in the path of any attempt by a Brexit-backing prime minister to take the country out of the European Union without a divorce deal. The move came as the U.K.'s official economic watchdog said a no-deal Brexit would trigger a recession,...

Mnuchin: Negotiators agree on core elements of budget deal

Jul. 18, 2019 10:44 AM EDT

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday that budget and debt negotiators have reached an agreement on the core elements of a deal to increase the government's borrowing cap and set a $1.3 trillion overall level for the agency budgets that Congress passes each year. Speaking on...

The Latest: Watchdog predicts recession after no-deal Brexit

Jul. 18, 2019 5:27 AM EDT

BRUSSELS (AP) — The Latest on Britain's talks to the leave the European Union (all times local): 11:25 a.m. Britain's independent economic watchdog says the U.K. will plunge into recession if it leaves the European Union without a divorce deal, with the pound plunging in value and the economy shrinking by...

Mexico cuts budget for all, from athletes to archaeologists

Jul. 17, 2019 8:09 PM EDT

MEXICO CITY (AP) — The Mexican Olympic Committee said Wednesday it will no longer be able to offer food, lodging and medical services at its main sports training complex, the latest casualty in a round of deep budget cuts by President Andres Manuel Lopez Obrador. Seldom has a leftist been so obsessively...

GOP Sen. Rand Paul slows bill to boost 9/11 victims fund

Jul. 17, 2019 6:30 PM EDT

WASHINGTON (AP) — Republican Sen. Rand Paul on Wednesday blocked fast-track approval of a bipartisan bill that would ensure a victims' compensation fund related to the Sept. 11 attacks never runs out of money. Paul objected to a request by Sen. Kirsten Gillibrand, D-N.Y., to approve the bill by unanimous...

Washington talks could soon yield spending, debt deal

Jul. 17, 2019 6:20 PM EDT

WASHINGTON (AP) — Washington negotiators are closing in on a budget and debt deal that would stave off the chance of a government shutdown this fall and allow Congress to speed through legislation to increase the government's borrowing cap. The emerging two-year framework would satisfy demands for an...

Lawmakers slash personal income taxes in state budget deal

Jul. 16, 2019 8:23 PM EDT

COLUMBUS, Ohio (AP) — Ohio would cut personal income taxes by 4%, keep a debated business tax break and change how pharmacy benefits are administered for Medicaid users to boost transparency and control those costs under a proposed two-year state budget passed Tuesday by a conference committee. The...

The Latest: 4% tax cut, pharmacy compensation in Ohio budget

Jul. 16, 2019 8:02 PM EDT

COLUMBUS, Ohio (AP) — The Latest on the crafting of Ohio's next two-year state budget (all times local): 8 p.m. The latest version of Ohio's proposed two-year state budget would cut personal income taxes by 4%, keep a debated business tax break and change how pharmacy benefits are administered for Medicaid...

New Greek PM calls bond auction "vote of confidence"

Jul. 16, 2019 2:46 PM EDT

ATHENS, Greece (AP) — Greece launched a 7-year bond auction Tuesday, the country's third effort this year to raise money from international markets while improved borrowing rates provide an advantage. The auction aimed at raising 2.5 billion euros ($2.8 billion) followed 5-year and 10-year bond issues...

Lebanese parliament convenes on budget amid tight security

Jul. 16, 2019 12:28 PM EDT

BEIRUT (AP) — Under tight security, Lebanese lawmakers on Tuesday began discussing the draft 2019 state budget that aims to avert a financial crisis in the heavily indebted country by raising taxes and cutting public spending. The discussions were being held amid limited protests against proposed austerity...