Latest National budgets News

Air Guard troops doing space missions face identity crisis

Jun. 28, 2022 00:27 AM EDT

WASHINGTON (AP) — About 1,000 Air National Guard troops who are assigned to space missions are mired in an identity crisis. Torn between the Air Force, where they have historically been assigned, and the military's shiny new Space Force where they now work, their units have become...

New Medicaid expansion pitch surfaces in N. Carolina House

Jun. 23, 2022 16:25 PM EDT

RALEIGH, N.C. (AP) — North Carolina House Republicans pitched a plan Thursday that could authorize expanding Medicaid to hundreds of thousands of additional low-income adults, which their leader argued would bring more certainty to ensuring rural hospitals and substance abusers get help. ...

Panel rejects plan to close Georgia pilot training center

Jun. 20, 2022 16:14 PM EDT

SAVANNAH, Ga. (AP) — A congressional subcommittee has rejected the Biden administration’s proposal to close a training center for military pilots in Georgia. U.S. Rep. Buddy Carter said Monday the decision by the House Appropriations Defense Subcommittee is a big step toward...

House GOP floats school funding revamp, voucher expansion

Jun. 14, 2022 21:10 PM EDT

PHOENIX (AP) — Republican leaders of the Arizona House introduced legislation Tuesday that will substantially revamp the state's school funding formula, add about $200 million in new yearly funding for K-12 schools and create a universal private school voucher system. But the...

Pakistan's new govt presents budget, hoping for IMF bailout

Jun. 10, 2022 13:16 PM EDT

ISLAMABAD (AP) — Pakistan’s new coalition government on Friday presented its first budget in Parliament, levying more taxes on the rich and vowing to remove subsidies on energy and fuel, mainly in an effort aimed at reviving the $6 billion bailout package by the International Monetary Fund. ...

Budget cap dispute splits teams as F1 heads to Azerbaijan

Jun. 09, 2022 10:03 AM EDT

BAKU, Azerbaijan (AP) — How much is too much to spend chasing a world title? That's the question dividing Formula One teams as the series heads to Azerbaijan's seafront street circuit. The rivalry between Max Verstappen and Charles Leclerc on the track is no less heated than the...

Japan OKs $21B extra budget to tackle rising prices

May. 31, 2022 09:54 AM EDT

TOKYO (AP) — Japan’s parliament enacted a 2.7 trillion yen ($21 billion) extra budget on Tuesday to tackle soaring fuel and food prices following Russia's invasion of Ukraine. The extra budget is for the current fiscal year that started April 1 and will fund part of a 6.2...

Congressional Budget Office says inflation to last into 2023

May. 25, 2022 18:16 PM EDT

WASHINGTON (AP) — The Congressional Budget Office released an economic outlook Wednesday saying high inflation will persist into next year, likely causing the federal government to pay higher interest rates on its debt. The nonpartisan agency expects the consumer price index to...

EU to keep budget rules looser for longer amid war fallout

May. 23, 2022 11:19 AM EDT

BRUSSELS (AP) — The European Union has moved to prolong looser limits on spending by member countries for an extra year in a bid to counter the economic fallout from Russia’s war in Ukraine. The European Commission recommended on Monday suspending the EU’s regular rules on...

Alaska lawmakers pass budget package to end session

May. 19, 2022 20:50 PM EDT

JUNEAU, Alaska (AP) — The Alaska Legislature in the waning hours of a four-month session approved a state spending package that would pay residents about $3,200 this year after a vote that would have boosted the payout to about $3,850 narrowly failed in the House. The approved...