Latest Government spending News

China's economic growth steady amid tariff fight with US

Apr. 17, 2019 5:40 AM EDT

SHANGHAI (AP) — China's economic growth held steady in the latest quarter despite a tariff war with Washington as Beijing's efforts to reverse a slowdown started to gain traction. The world's second-largest economy expanded by 6.4% over a year before in the three months ending in March, the government...

GOP states discover a tax hike they have to like: for roads

Apr. 14, 2019 9:58 AM EDT

LANSING, Mich. (AP) — After passing waves of tax cuts in recent years, some lawmakers in several Republican-dominated states have decided it's time to make a big exception and are pushing for tax increases to fix roads that are crumbling from years of neglect. In the past month alone, the Republican...

GOP governor pushes Texas' first sales tax hike in 30 years

Apr. 10, 2019 5:48 PM EDT

AUSTIN, Texas (AP) — Gov. Greg Abbott on Wednesday called for Texas' first sales tax increase in nearly 30 years as Republican leaders who promised to boost money for classrooms and cut property taxes struggle to achieve both with just weeks left to deliver. The plan would push the sales tax rate to 7.25%,...

Can we talk? McConnell says it's time for new spending pact

Apr. 9, 2019 4:14 PM EDT

WASHINGTON (AP) — Top Senate Republican Mitch McConnell said Tuesday it's time to kick off bipartisan talks on a new budget pact to fund federal agencies over the next two years. The Kentucky Republican told reporters that he spoke with President Donald Trump last week and House Speaker Nancy Pelosi on...

Job gain points to a US economy slowing but hardly stalling

Apr. 5, 2019 6:11 PM EDT

WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...

Global stocks rise on US-China talks, ahead of Brexit vote

Mar. 29, 2019 8:49 AM EDT

SINGAPORE (AP) — World stocks were broadly higher Friday on hopes for progress in the U.S.-Chinese trade talks and as British lawmakers prepared to vote again on a plan to leave the European Union. Mainland Chinese markets led stocks higher in Asia, with the Shanghai Composite jumping 3.2 percent to...

Asian stocks rise as US, China resume trade talks

Mar. 28, 2019 11:39 PM EDT

SINGAPORE (AP) — Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing. The Shanghai Composite index added 0.6 percent to 28,944.33 and Hong Kong's Hang Seng jumped 1.7 percent to 3,044.63. South Korea's Kospi gained 0.3 percent to...

US economic growth revised down to 2.2 percent rate in Q4

Mar. 28, 2019 11:11 AM EDT

WASHINGTON (AP) — U.S. economic growth slowed sharply in the fourth quarter last year to an annual rate of just 2.2 percent. There are concerns that growth has slowed even more in the first quarter this year as global weakness, fading government stimulus and rising trade tensions take a toll on the...

US consumer confidence weakens in March

Mar. 26, 2019 11:25 AM EDT

WASHINGTON (AP) — American consumers were feeling less confident this month amid continued volatility in the financial markets. The Conference Board, a business research group, reported Tuesday that its consumer confidence index fell to 124.1 in March from 131.4 in February. The index, covering through...

Poll: More Americans say too little spending on health

Mar. 21, 2019 12:18 PM EDT

WASHINGTON (AP) — A growing majority of Americans want greater government spending on health care, and the increase is being driven by both Democrats and Republicans. That's according to new data from the General Social Survey, a widely respected trend survey that has been measuring views of government...