Latest National budgets News

US says Taiwan defense spending to rise with China threat

Aug. 15, 2019 5:51 AM EDT

TAIPEI, Taiwan (AP) — America's top representative in Taiwan said Thursday that Washington expects the island to continue increasing its defense spending as Chinese security threats to the U.S. ally continue to grow. W. Brent Christensen said the U.S. had "not only observed Taiwan's enthusiasm to pursue...

US budget deficit grows 27% through July

Aug. 12, 2019 2:02 PM EDT

WASHINGTON (AP) — The U.S. government's budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than twice as fast as tax collections. The Treasury Department say the deficit for the current fiscal year through July is up 27% from the same...

Apparent Trump plan to cut foreign aid draws bipartisan fire

Aug. 9, 2019 5:09 PM EDT

WASHINGTON (AP) — Republican and Democrats in Congress teamed up Friday to oppose what appears to be a Trump administration plan to cut the foreign aid budget. The administration hasn't announced whether it plans to seek the cut. But the Office of Management and Budget instructed the State Department and...

Trump signs bipartisan budget and debt deal into law

Aug. 2, 2019 1:52 PM EDT

WASHINGTON (AP) — President Donald Trump on Friday signed a bipartisan debt increase and new set of spending limits that would help lock in spending increases for the Pentagon and elsewhere in the budget. The hard-won agreement permits the government to resume borrowing to pay its bills and sets an overall...

The Latest: Budget, debt deal clears Senate, heads to Trump

Aug. 1, 2019 6:05 PM EDT

WASHINGTON (AP) — The Latest on legislation dealing with the federal budget and the government's borrowing limit (all times local): 12:13 p.m. A bipartisan budget and debt deal has passed the Senate and is heading to the White House for President Donald Trump's signature. Thursday's vote addresses a...

Hard-won budget, debt deal clears Senate, advances to Trump

Aug. 1, 2019 3:56 PM EDT

WASHINGTON (AP) — A hard-won budget and debt deal easily cleared the Senate on Thursday, powered by President Donald Trump's endorsement and a bipartisan drive to cement recent spending increases for the Pentagon and domestic agencies. The legislation passed by a 67-28 vote as Trump and his GOP allies...

Senate passes Trump-backed budget deal, averting threat of financial crisis, shutdown, automatic spending cuts

Aug. 1, 2019 12:14 PM EDT
WASHINGTON (AP) — Senate passes Trump-backed budget deal, averting threat of financial crisis, shutdown, automatic spending cuts.

Republicans face tough vote on budget bill Trump supports

Jul. 31, 2019 2:56 PM EDT

WASHINGTON (AP) — A hard-won, warts-and-all budget pact between House Speaker Nancy Pelosi and President Donald Trump is facing a key vote in the GOP-held Senate, with many conservatives torn between supporting the president and risking their political brand with an unpopular vote to add $2 trillion or...

Treasury projects $433 billion borrowing need this quarter

Jul. 29, 2019 3:48 PM EDT

WASHINGTON (AP) — The Treasury Department said Monday it expects to borrow $433 billion in the current July-September quarter. That would be the largest quarterly borrowing total since early 2018, as the government replenishes its cash reserves following the expected resolution over raising the debt limit....

The Latest: EU official warns on UK divorce bill

Jul. 26, 2019 11:29 AM EDT

LONDON (AP) — The Latest on Britain's scheduled departure from the European Union (all times local): 4:30 p.m. The European Union's budget commissioner is warning that a failure by Britain to pay its divorce bill as it leaves the bloc would threaten the country's credit status. Britain's new prime...