Latest Government budgets News

Key dates in the Trump impeachment investigation

Nov. 14, 2019 6:37 PM EST

WASHINGTON (AP) — Key dates related to the Trump impeachment investigation: APRIL 21, 2019 President Donald Trump speaks with then-President-elect Volodymyr Zelenskiy to congratulate him on his election victory. The White House says in a readout of the call that the president underscored unwavering support...

Powell urges Congress to tackle growing budget deficit

Nov. 14, 2019 3:23 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current health of the nation’s economy. Powell’s testimony before the House Budget Committee came a day after he told Congress’ Joint...

Data shows upswing in child exploitation cases

Nov. 14, 2019 1:42 PM EST

WASHINGTON (AP) — Government investigators who uncover child exploitation initiated more than 4,000 cases around the world in the 2019 budget year, resulting in thousands of arrests and the identification of more than 1,000 victims, according to data obtained by The Associated Press. The caseloads are...

The Latest: Powell dismisses recession concerns

Nov. 14, 2019 11:30 AM EST

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the House Budget Committee on Thursday (all times local): ___ 11:30 a.m. Fed Chairman Jerome Powell says the United States has the “star economy” in the world at the moment and there is no reason...

Iraq’s protests raise question: Where does the oil money go?

Nov. 14, 2019 7:07 AM EST

BAGHDAD (AP) — Waves of violent protests have engulfed Baghdad and Iraq’s southern provinces, with demonstrators chanting for the downfall of a political establishment that they say doesn’t prioritize them. Fueling the unrest is anger over an economy flush with oil money that has failed to...

Mexican environment officials protest budget cuts

Nov. 13, 2019 9:06 PM EST

MEXICO CITY (AP) — In a rare protest against his own administration, Mexico’s environment secretary decried 50% budget cuts to his agency and issued a public appeal for more funds Wednesday. Environment Secretary Victor Toledo and the heads of ecological enforcement for almost all of Mexico’s...

US budget deficit surges to $134.5 billion in October

Nov. 13, 2019 5:10 PM EST

WASHINGTON (AP) — The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. The Treasury Department said Wednesday that the deficit last month totaled...

Buttigieg pledges $50B for HBCUs, as Maryland students rally

Nov. 13, 2019 5:05 PM EST

ANNAPOLIS, Md. (AP) — Students and alumni from Maryland’s four historically black colleges rallied Wednesday for resolution to a 13-year-old federal lawsuit over disparities in academic programs, prompting a presidential candidate to pledge to create a fund to increase HBCU spending by $50 billion...

Fed’s Powell sees steady growth, signals pause in rate cuts

Nov. 13, 2019 4:27 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about...

Eastern Washington University moves forward with budget cuts

Nov. 13, 2019 11:03 AM EST

CHENEY, Wash. (AP) — Eastern Washington University is continuing to pursue campus-wide budget cuts while raising money for a new football stadium and routing funds into student-athlete scholarships, frustrating some faculty members who believe the administration is investing too heavily in athletics....