Latest Government budgets News

Mexican Congress approves budget after protests

Nov. 22, 2019 2:23 PM EST

MEXICO CITY (AP) — Mexico’s lower house of Congress approved the 2020 federal budget Friday in an all-night meeting at a convention center after protests and blockades by farm groups surrounding the Congress building. The protests were sparked by President Andres Manuel Lopez Obrador’s policy...

Mystery grows over Trump administration hold on Lebanon aid

Nov. 22, 2019 2:00 PM EST

WASHINGTON (AP) — The Trump administration is withholding more than $100 million in U.S. military assistance to Lebanon that has been approved by Congress and is favored by his national security team, an assertion of executive control of foreign aid that is similar to the delay in support for Ukraine at...

European Central Bank chief asks governments to help growth

Nov. 22, 2019 5:30 AM EST

FRANKFURT, Germany (AP) — The new president of the European Central Bank, Christine Lagarde, says better-targeted public spending would help support economic growth in the eurozone. In her first official speech Friday, Lagarde indirectly chided countries like Germany that have kept a tight grip on their...

Trumps signs stopgap spending bill, averting shutdown

Nov. 21, 2019 6:36 PM EST

WASHINGTON (AP) — President Trump on Thursday signed a short-term funding bill, averting the threat of a government shutdown until next month. Trump signed the bill, which will extend funding through December 20, hours before government funding was set to expire. The Senate, by a 74-20 vote, passed the...

UK Labour party vows radical changes if it wins Dec. 12 vote

Nov. 21, 2019 12:24 PM EST

LONDON (AP) — Britain’s main opposition Labour Party promised Thursday to radically expand public spending and state ownership if it wins the Dec. 12 election, trying to close a persistent opinion-poll gap with the governing Conservatives. The party said a Labour government would nationalize...

In 2020 budget, Greece vows to beat post-bailout targets

Nov. 21, 2019 9:33 AM EST

ATHENS, Greece (AP) — The Greek government has pledged to exceed the strict surplus targets demanded by its former bailout lenders for this year and next. In the 2020 budget submitted to Parliament Thursday, the government says it will outperform its primary surplus target— the annual balance before...

California agency predicts $7 billion state budget surplus

Nov. 20, 2019 7:56 PM EST

SACRAMENTO, Calif. (AP) — California is expected to have a $7 billion budget surplus next year, but lawmakers were urged Wednesday not to spend all of it because a sizable chunk depends on an upcoming decision by the Trump administration as it feuds with state Democratic leaders. A report from the...

A glance at NATO’s aims for Dec. summit, as tensions simmer

Nov. 20, 2019 11:06 AM EST

BRUSSELS (AP) — NATO foreign ministers met in Brussels Wednesday to make final preparations for an imminent summit of the military alliance’s leaders amid deep political tensions between the allies. The rift was exacerbated by French President Emmanuel Macron’s allegations that NATO is...

House passes short-term spending measure as talks falter

Nov. 19, 2019 3:57 PM EST

WASHINGTON (AP) — The House passed a short-term spending bill Tuesday that would keep federal agencies running for another month in hopes the additional time will help negotiators wrap up more than $1.4 trillion in unfinished appropriations bills. The bill would avert a Thanksgiving government shutdown but...

Boeing’s grounded 737 Max scores 2nd order at Dubai Airshow

Nov. 19, 2019 11:29 AM EST

DUBAI, United Arab Emirates (AP) — Boeing’s 737 Max jet got another boost at the Dubai Airshow on Tuesday, this time with an order from Kazakhstan’s newly-launched budget carrier as the Chicago-based company works to try and win U.S. regulatory approval to get the airplane back in the sky by...