Latest Government budgets News
Financial market worries over the UK budget appear to ease
LONDON (AP) — Worries about this week's tax-raising U.K. budget within financial markets appeared to ease Friday with the interest rates charged on British debt steadying and the pound rising against most other currencies. In the wake of Wednesday's budget statement, the first by a...
UK Treasury chief admits business tax rise could lead to lower than anticipated wages
LONDON (AP) — U.K. Treasury chief Rachel Reeves conceded Thursday that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees. On Wednesday, Reeves raised taxes by around 40 billion pounds...
Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK
LONDON (AP) — British Treasury chief Rachel Reeves raised taxes Wednesday by around 40 billion pounds ($52 billion) to plug a hole she claims to have identified in the public finances and fund the U.K.'s cash-starved public services, in a beefy budget that could set the political tone for years...
Germany's economy is stagnant. But its quarrelsome government can't agree on a way forward
BERLIN (AP) — Germany's economy is struggling and the governing coalition has a lot of ideas on how to fix it. But it can't agree which the right one is. The latest outbreak of infighting in Chancellor Olaf Scholz's government has raised questions about whether it will get anything...
Keir Starmer warns the UK budget this week will reflect 'harsh' economic reality
LONDON (AP) — Fixing Britain's troubled economy will be a long haul in a “harsh” fiscal environment, Prime Minister Keir Starmer said Monday, setting the stage for his government's high-stakes first budget this week. Starmer hopes voters will accept his argument that higher...
Living costs dominate a debate between Montana's Republican governor and Democratic challenger
How to help people struggling with Montana's rising cost of living — driven in part by people inspired by the hit show “Yellowstone” to move there — dominated a debate between the state's Republican governor and his Democratic challenger Wednesday. While Democrat Ryan Busse...
France's budget battle: Why the government's plan to plug the deficit is sparking an outcry
PARIS (AP) — France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficit. Prime Minister Michel Barnier, a conservative, described the massive hole in the public...
Donald Trump rolls out tax breaks, but no specifics, for overseas citizens and auto buyers
DETROIT (AP) — Donald Trump on Thursday rolled out more plans for tax breaks without offering details on how they would work or how they'd affect the federal budget. Trump vowed in a speech at the Detroit Economic Club to allow interest on car loans to be deducted from taxes,...
Wisconsin Supreme Court grapples with governor's 400-year veto, calling it 'crazy'
MADISON, Wis. (AP) — Justices on the Wisconsin Supreme Court said Wednesday that Gov. Tony Evers' creative use of his expansive veto power in an attempt to lock in a school funding increase for 400 years appeared to be “extreme” and “crazy" but questioned whether and how it should be reined...
Ex-New Mexico state senator John Arthur Smith dies at 82
SANTA FE, N.M. (AP) — Former New Mexico state Sen. John Arthur Smith, a conservative-leaning Democrat who served southwestern District 35 for more than three decades, died Monday. He was 82. Smith died at his Deming home, according to New Mexico Lt. Gov. Howie Morales. A cause of...
