Latest National budgets News

FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)

White House punts economic update as election draws near

May. 29, 2020 12:06 AM EDT

WASHINGTON (AP) — The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...

FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)

White House punts economic update as election draws near

May. 28, 2020 5:58 PM EDT

WASHINGTON (AP) — The White House took the unusual step on Thursday of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...

A medical worker collects a swab sample from a journalist for a COVID-19 test before the National People's Congress closing session and the Chinese Premier press conference in Beijing, on Thursday, May 28, 2020. (AP Photo/Ng Han Guan)

The Latest: South Korea's central bank lowers rate to 0.5%

May. 27, 2020 10:26 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — US deaths from coronavirus surpass 100,000 mark. —...

European Commission President Ursula von der Leyen, right, gestures hello to an MEP prior to addressing the European Parliament plenary in Brussels, Wednesday, May 27, 2020. The European Union is to unveil Wednesday a massive coronavirus recovery plan worth hundreds of billions of euros to help countries rebuild their ailing economies, but the bloc remains deeply divided over what conditions should be attached to the funds. (AP Photo/Olivier Matthys)

EU proposes 750 billion-euro coronavirus recovery fund

May. 27, 2020 1:21 PM EDT

BRUSSELS (AP) — The European Union proposed a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and sought Wednesday to bridge divisions over the conditions that should be attached for access to the money. The fund, to be mostly made up...

Riot police guard detain a protester as a second reading of a controversial national anthem law takes place in Central district, Hong Kong, Wednesday, May 27, 2020. Hong Kong police massed outside the legislature complex Wednesday, ahead of debate on a bill that would criminalize abuse of the Chinese national anthem in the semi-autonomous city. (AP Photo/Kin Cheung)

Asia Today: South Korea cases rise, India crosses 150,000

May. 27, 2020 8:59 AM EDT

SEOUL, South Korea (AP) — South Korea reported 40 new cases of the coronavirus on Wednesday, its biggest daily jump in nearly 50 days, causing alarm as millions of children return to school. Active tracing and testing had stabilized the country's outbreak from its March highs, which allowed officials to...

N.C. bond packages resurface after veto crumbled cash plan

May. 27, 2020 2:43 AM EDT

RALEIGH, N.C. (AP) — Borrowing money to pay for North Carolina university and school buildings, roads and other projects is getting attention again at the General Assembly after a pay-as-you-go construction expansion plan crumbled last year beneath a veto. Republican House Speaker Tim Moore and other...

FILE - In this Sunday, May 24, 2020, file photo, China's Foreign Minister Wang Yi is seen broadcasted remotely on big screens at the media center during a press conference held on the sideline of the National People's Congress in Beijing. Wang is dismissing claims that the country is exploiting the coronavirus outbreak to expand its footprint in the South China Sea, labeling such accusations as “sheer nonsense.

China denies using virus to grow presence in South China Sea

May. 24, 2020 11:35 PM EDT

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple territorial disputes over islands, coral reefs and lagoons. The waters are a major shipping route for global commerce and are rich in fish and possible oil and gas reserves. ___...

Brothers Victor Ochoa, 7, right, Jesus Ochoa, 5, second from right, Mariano Ochoa 9, second from left, and their mother Mariana Ochoa run in front of their home in Chicago, Friday, May 22, 2020.  Chicago Run's at-home fitness programs have become an essential part of the family's routine during the coronavirus pandemic. (AP Photo/Nam Y. Huh)

Virus crisis a challenge for youth fitness nonprofits

May. 24, 2020 9:52 AM EDT

CHICAGO (AP) — Mariana Ochoa worries about the effect of the COVID-19 crisis on her three boys. Their school is closed. She can't take them to their favorite park at the moment. There is no backyard at their home on the southwest side of Chicago. The fitness routines she gets from Chicago Run are a weekly...

Mitsubishi Aircraft closing overseas locations, cutting jobs

May. 22, 2020 8:22 PM EDT

SEATTLE (AP) — Mitsubishi Heavy Industries is cutting hundreds of jobs in Washington state and shuttering its U.S. operations for the troubled SpaceJet project, the company said Friday. “Due to the budget directives, Mitsubishi Aircraft will close its overseas locations and consolidate activities at...

Delegates applaud as Chinese President Xi Jinping arrives for the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Friday, May 22, 2020. (AP Photo/Ng Han Guan, Pool)

China boosts spending for virus-hit economy, takes up HK law

May. 22, 2020 7:33 AM EDT

BEIJING (AP) — China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but avoided launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang told lawmakers Beijing would set no economic growth...