Latest Government spending News
UK government borrowing hits record due to pandemic
LONDON (AP) — The COVID-19 pandemic is battering Britain’s public finances, pushing government borrowing to a record last month as tax revenue fell and authorities spent billions of pounds to prop up the economy. The government borrowed a net 36.1 billion pounds ($47.1 billion) in September, pushing...
Awash in red ink: US posts record $3.1T 2020 budget deficit
WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday that the deficit for the budget year that ended...
Pennsylvanians to pick 3 statewide row office holders Nov. 3
HARRISBURG, Pa. (AP) — Voters next month will decide who should be Pennsylvania's highest-ranking law enforcement official and oversee an agency with about 250 lawyers and a budget approaching $190 million. They'll pick a state treasurer, a job that handles billions of dollars in public funds and plays a...
Greece's economy to shrink by estimated 8.2% this year
ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking up next year, the government said Monday as it submitted its 2021 draft budget to parliament. The 2021 budget was “drawn up in an environment of...
Gianforte, Cooney focus on pandemic and economy in debate
HELENA, Mont. (AP) — Montana gubernatorial candidates Republican Greg Gianforte and Democrat Mike Cooney focused on their approaches to the economy and their responses to the coronavirus pandemic in their first debate Saturday evening. Gianforte, who is endorsed by President Donald Trump and is known for...
House Democrats pass partisan COVID bill; relief talks drag
WASHINGTON (AP) — Democrats controlling the House narrowly passed a $2.2 trillion COVID-19 relief bill Thursday night, a move that came as top-level talks on a smaller, potentially bipartisan measure dragged on toward an uncertain finish. An air of pessimism has largely taken over the Capitol. The...
Police departments seeing modest cuts, but not 'defunding'
DAVENPORT, Iowa (AP) — The racial justice protests following the death of George Floyd earlier this year prompted calls to “defund the police” in cities across the country, a priority for activists that has now become a central point in the presidential contest. A review by The Associated...
Pelosi and Mnuchin have 'extensive' talks on COVID relief
WASHINGTON (AP) — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting face to face for the first time in more than a month in a last-ditch effort to seal a tentative accord on an additional round of...
Illinois Editorial Roundup:
Here are excerpts of editorials from newspapers published in Illinois. September 21, 2020 Chicago Tribune Rooting for government merger mania in cash-strapped Illinois What would be the most honorable, selfless act an Illinois elected official might consider? Probably this: To acknowledge the state’s...
Stopgap bill to prevent shutdown held up over farm funding
WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground Friday amid a fight over farm bailout funding that's a key priority of President Donald Trump and Capitol Hill Republicans. A House Appropriations Committee spokesman...
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