Latest Government spending News

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares take hit as virus outbreak slams profits, events

Feb. 18, 2020 7:08 AM EST

BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...

People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 17, 2020. Markets are mixed in Asia, with Japan's benchmark slipping 0.8% after the government reported the economy contracted in the last quarter. (AP Photo/Vincent Yu)

Asian markets mixed: Japan skids; China helped by rate cut

Feb. 16, 2020 11:30 PM EST

BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China's shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of...

FILE - In this Jan. 29, 2020, file photo the Capitol is seen amid reflections of the Russell Senate Office Building in Washington. On Wednesday, Feb. 12, the Treasury Department releases federal budget data for January. (AP Photo/J. Scott Applewhite, File)

US on track for first $1 trillion budget deficit since 2012

Feb. 12, 2020 2:48 PM EST

WASHINGTON (AP) — The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012. The Treasury Department said Wednesday in its monthly budget report that the deficit from...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 11, 2020. Asian stock markets followed Wall Street higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. (AP Photo/Ahn Young-joon)

Global stock turn higher as investors watch virus impact

Feb. 11, 2020 6:52 AM EST

BEIJING (AP) — Global stock markets turned higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak. Indexes in London and Frankfurt advanced in Europe, while Shanghai, Hong Kong and Seoul closed higher. Tokyo fell for a second day. “Concerns over the coronavirus...

A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Feb. 10, 2020. Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is under control might be premature. (AP Photo/Eugene Hoshiko)

Stocks decline amid warnings China virus still a threat

Feb. 10, 2020 7:41 AM EST

BEIJING (AP) — Global stock markets slid Monday after China reported an uptick in new virus cases and analysts warned optimism the disease is under control might be premature. Indexes in London and Frankfurt were lower in midday trading and Tokyo, Hong Kong and Seoul closed lower. Shanghai edged up after...

FILE - This Tuesday, Sept. 24, 2019, file photo shows the White House in Washington.  (AP Photo/Carolyn Kaster, File)

Trump budget to face skepticism, overwhelming politics

Feb. 9, 2020 10:27 PM EST

WASHINGTON (AP) — Confronted with the threat of trillion-dollar-plus deficits for as far as the eye can see, President Donald Trump is offering a $4.8 trillion budget plan for the upcoming fiscal year that rehashes previously rejected spending cuts while leaving Social Security and Medicare benefits...

Rep. Ro Khanna, D-Calif., accompanied by Sen. Chris Van Hollen, D-Md., Sen. Patrick Leahy, D-Vt., and Rep. Pramila Jayapal, D-Wash., speaks during a news conference on a measure limiting President Donald Trump's ability to take military action against Iran, on Capitol Hill, in Washington, Thursday, Jan. 9, 2020. (AP Photo/Jose Luis Magana)

House backs measures asserting congressional war powers

Jan. 30, 2020 3:26 PM EST

WASHINGTON (AP) — Refocusing a debate on war and peace in the midst of the Senate impeachment trial, the Democratic-controlled House on Thursday approved measures reasserting congressional authority over war powers. In separate votes, the House passed a proposal to repeal the 2002 congressional...

FILE - In this Wednesday, Jan. 22, 2020, file photo, shows the waterfront in Portland, Maine. On Thursday, Jan. 30, the Commerce Department issues the first estimate of how the U.S. economy performed in the fourth quarter. (AP Photo/Robert F. Bukaty, File)

US economy grew modestly last quarter against a hazy outlook

Jan. 30, 2020 3:15 PM EST

WASHINGTON (AP) — The U.S. economy expanded at a moderate 2.1% annual rate in the final three months of 2019, capping a year when a weak global landscape and a sharp pullback in business investment resulting from President Donald Trump's trade fights combined to slow growth. The fourth-quarter rise in the...

U.S. President Donald Trump leaves the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 22, 2020. Trump's two-day stay in Davos is a test of his ability to balance anger over being impeached with a desire to project leadership on the world stage. (AP Photo/Markus Schreiber)

Trump suggests he may be open to entitlement cuts in future

Jan. 22, 2020 5:05 PM EST

WASHINGTON (AP) — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the future, a move that would mark a tectonic shift from his stance during his 2016 run for the White House. Trump suggested he was open to a cut in...

Passengers wearing masks walk by as a quarantine officer, center, monitors a thermography during a quarantine inspection at Kansai international airport in Osaka, western Japan, Wednesday, Jan. 22, 2020. Chinese health authorities urged people in the city of Wuhan to avoid crowds and public gatherings after warning on Wednesday that a new viral illness infecting hundreds of people in the country. Japan, South Korea, the United States and Taiwan have all reported one case each. All of the illnesses were of people from Wuhan or who recently had traveled there. (Kota Endo/Kyodo News via AP)

China virus outbreak may wallop economy, financial markets

Jan. 22, 2020 1:05 PM EST

BANGKOK (AP) — News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum. Health authorities across Asia have been stepping up surveillance and...