Latest Government spending News
US budget deficit hits $2.77 trillion in 2021, 2nd highest
WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating...
Burgum petition calling for support of tax relief plan
BISMARCK, N.D. (AP) — North Dakota Gov. Doug Burgum is asking supporters to sign a petition endorsing his plan to use some of the state treasury’s bulging surpluses to offset income taxes, an unorthodox move that is perceived as an end-run on a Legislature that has signaled no appetite...
House sends debt limit hike to Biden, staving off default
WASHINGTON (AP) — The House has approved a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. The $480...
House sends debt limit hike to Biden, staving off default
WASHINGTON (AP) — Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. ...
McConnell seizes on debt standoff to undermine Biden agenda
WASHINGTON (AP) — In the frantic bid to avert a default on the nation’s debt, Senate Republican leader Mitch McConnell held a position of unusual power — as the one who orchestrated both the problem and the solution. McConnell is no longer the majority leader, but...
Kentucky judge blocks public tax credits for private schools
FRANKFORT, Ky. (AP) — A judge ruled Friday that Kentucky’s constitution prohibits a part of a new state law enabling donors to get tax credits for supporting private school tuition. Franklin Circuit Court Judge Phillip Shepherd said the state cannot implement the...
Senate dodges US debt disaster, voting to extend borrowing
WASHINGTON (AP) — The Senate dodged a U.S. debt disaster Thursday night, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans. ...
NC legislative leaders regroup after Cooper budget offer
RALEIGH, N.C. (AP) — Republican legislative leaders will soon draw up another budget offer for Democratic Gov. Roy Cooper after he presented a counterproposal in the state budget talks. House Speaker Tim Moore confirmed on Thursday that Cooper sent a counteroffer to him...
Congress foresees short-term debt fix amid perilous standoff
WASHINGTON (AP) — Republican and Democratic leaders edged back Wednesday from a perilous standoff over lifting the nation's borrowing cap, with Democratic senators signaling they were receptive to an offer from Senate GOP leader Mitch McConnell that would allow an emergency extension into...
Louisiana opioid settlement money to go to local governments
BATON ROUGE, La. (AP) — Louisiana intends to divvy up the $325 million it expects to receive from a national settlement of opioid epidemic lawsuits to parish sheriffs and local governments to provide addiction treatment, response and recovery services, Attorney General Jeff Landry said...
