Latest National budgets News

The Capitol is seen as defense arguments by the Republicans resume in the impeachment trial of President Donald Trump on charges of abuse of power and obstruction of Congress, in Washington, Monday, Jan. 27, 2020. (AP Photo/J. Scott Applewhite)

Budget deficit to break $1 trillion despite strong economy

Jan. 28, 2020 2:34 PM EST

WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes...

Congressional Budget Office: Budget deficit to reach $1 trillion this year despite strong economy

Jan. 28, 2020 2:02 PM EST
WASHINGTON (AP) — Congressional Budget Office: Budget deficit to reach $1 trillion this year despite strong economy.
U.S. President Donald Trump leaves the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. Trump's two-day stay in Davos is a test of his ability to balance anger over being impeached with a desire to project leadership on the world stage. (AP Photo/Markus Schreiber)

Trump suggests he may be open to entitlement cuts in future

Jan. 22, 2020 5:05 PM EST

WASHINGTON (AP) — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the future, a move that would mark a tectonic shift from his stance during his 2016 run for the White House. Trump suggested he was open to a cut in...

Migrants from Bangladesh push a trolley with collected plastic items as they pass in front the Bank of Greece headquarters in Athens, Thursday, Jan. 16, 2020. (AP Photo/Thanassis Stavrakis)

Creditors start checkup as Greece seeks lower budget targets

Jan. 20, 2020 8:29 AM EST

ATHENS, Greece (AP) — Officials from Greece's bailout-creditor institutions are in Athens for an inspection of the country's public finances, as the center-right government is pressing for more lenient budget performance targets. The weeklong inspection began Monday, and involves the European Commission,...

Children eat food distributed during a visit organized by The World Food Program (WFP) at Koge school, in the conflict-affected remote town of Kauda, Nuba Mountains, Sudan, Jan. 9, 2020. Sudanese Prime Minister Abdalla Hamdok, accompanied by United Nations officials, embarked on a peace mission Thursday to Kauda, a rebel stronghold, in a major step toward government efforts to end the country’s long-running civil conflicts. (AP Photo/Nariman El-Mofty)

EU sets up $998 million budget for humanitarian aid

Jan. 20, 2020 7:13 AM EST

BRUSSELS (AP) — The European Union has set up a 900 million euro ($998 million) budget to help countries hit by humanitarian crises, with Africa getting the largest share of the money. The EU Commission, the bloc's executive arm, said Monday that people in more than 80 countries will benefit from the money...

US Treasury announces it will begin selling new 20-year bond

Jan. 16, 2020 6:29 PM EST

WASHINGTON (AP) — The U.S. Treasury, faced with financing budget deficits topping $1 trillion annually, is introducing a new 20-year bond. The new 20-year bond was chosen after officials considered proposals for a 50-year or 100-year bond, Treasury said in a statement Thursday. It said the new 20-year bond...

FILE - In this Jan. 13, 2020. file photo, President Donald Trump, left, and acting White House chief of staff Mick Mulvaney, right, walk along the colonnade of the White House in Washington. The federal government's watchdog agency says a White House office violated federal law in withholding security assistance to Ukraine aid. The Government Accountability Office said Thursday the White House Office of Management and Budget violated the law in holding up the assistance. (AP Photo/Susan Walsh, File)

Watchdog: White House violated law in freezing Ukraine aid

Jan. 16, 2020 4:09 PM EST

WASHINGTON (AP) — The White House violated federal law in withholding security assistance to Ukraine, an action at the center of President Donald Trump's impeachment, a federal watchdog agency said Thursday. The Government Accountability Office said in a report that the Office of Management and Budget...

European Commission President Ursula von der Leyen delivers her speech at the European parliament Tuesday, Jan.14, 2020 in Strasbourg, eastern France. Croatian Prime Minister Andrej Plenkovic will present the priorities of the rotating Council presidency for the next six months. (AP Photo/Jean-Francois Badias)

EU lays out 1 trillion-euro plan to support Green Deal

Jan. 14, 2020 2:30 PM EST

BRUSSELS (AP) — The European Union plans to dedicate a quarter of its budget to tackling climate change and to work to shift 1 trillion euros ($1.1 trillion) in investment toward making the EU's economy more environmentally friendly over the next 10 years. Aiming to deliver on European Commission President...

FILE - This July 16, 2019, file photo shows the Capitol Dome in Washington. The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. The Treasury Department said Monday, Jan. 13, 2020, that the deficit from October through December totaled $356.6 billion.  (AP Photo/Carolyn Kaster, File)

US budget deficit running 11.8% higher this year

Jan. 13, 2020 6:48 PM EST

The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. In its monthly budget report, the Treasury Department said Monday that the deficit from October through...

Greece's Prime Minister Kyriakos Mitsotakis, delivers a speech during a parliament session in Athens, on Wednesday, Dec. 18, 2019. Greek lawmakers debate on the state budget for 2020. (AP Photo/Yorgos Karahalis)

Greece retains negative yield in first debt auction of year

Jan. 8, 2020 8:14 AM EST

ATHENS, Greece (AP) — Greece has raised 487.5 million euros ($544.4 million) in a treasury bill sale that saw the country maintain its negative interest rate in the first debt auction of the year as the debt-strapped country attempts to regain full market access. The Public Debt Management Agency said the...