Latest Government budgets News

Pay pushes Venezuelan teachers to protest, consider quitting

Aug. 15, 2022 00:06 AM EDT

CARACAS, Venezuela (AP) — Public school teachers across Venezuela had planned to use their annual vacation bonus to buy uniforms for their children, waterproof leaky roofs, get new prescription glasses or fix the pair barely held together by adhesive tape. Some expected to get...

In Biden's big bill: Climate, health care, deficit reduction

Aug. 12, 2022 19:27 PM EDT

WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal...

Congress OKs Dems' climate, health bill, a Biden triumph

Aug. 12, 2022 19:08 PM EDT

WASHINGTON (AP) — A divided Congress gave final approval Friday to Democrats' flagship climate and health care bill, handing President Joe Biden a back-from-the-dead triumph on coveted priorities that the party hopes will bolster their prospects for keeping their House and Senate majorities in...

Inflation Reduction Act may have little impact on inflation

Aug. 12, 2022 18:08 PM EDT

WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House on Friday gave final approval to President Joe Biden's landmark Inflation Reduction Act. Its title raises a tantalizing question: Will the measure actually tame the price spikes that have inflicted hardships...

Amid surplus, Kemp again seeks to hold Georgia spending flat

Aug. 12, 2022 15:09 PM EDT

ATLANTA (AP) — Even after two years of big surpluses, Georgia Gov. Brian Kemp is telling state agencies not to get their hopes up for more money. Office of Planning and Budget Director Kelly Farr on Wednesday wrote in a yearly memo that kicks off the state budget process that...

Senate climate bill has West Virginia written all over it

Aug. 12, 2022 13:08 PM EDT

CHARLESTON, W.Va. (AP) — The sprawling economic package passed by the U.S. Senate this week has a certain West Virginia flavor. The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future without turning away entirely...

Abortion ruling prompts variety of reactions from states

Aug. 11, 2022 15:05 PM EDT

The U.S. Supreme Court on June 24 overturned Roe v. Wade, the 1973 decision that had provided a constitutional right to abortion. The ruling was expected to lead to abortion bans in roughly half the states, although the timing of those laws taking effect varies. Some Republican-led...

Georgia's Kemp seeks tax breaks, rebutting Abrams on economy

Aug. 11, 2022 14:29 PM EDT

ATLANTA (AP) — Georgia GOP Gov. Brian Kemp unfurled the first major policy proposals of his reelection bid Thursday, pledging to spend $2 billion on another state income tax rebate and revival of a long-dormant state property tax break while contending with Democratic challenger Stacey Abrams...

EU to stop Greek budget watch in formal end to major crisis

Aug. 10, 2022 15:23 PM EDT

BRUSSELS (AP) — The European Union’s budget watchdog announced Wednesday that it is winding up years of surveillance of Greek government spending. The move marks a formal end to a major crisis that threatened to see Greece ejected from the euro single currency group, imposed severe hardship on...

AP FACT CHECK: GOP skews budget bill’s impact on IRS, taxes

Aug. 10, 2022 14:59 PM EDT

Republican politicians and candidates are distorting how a major economic bill passed over the weekend by the Senate would reform the IRS and affect taxes for the middle class. The “ Inflation Reduction Act,” which awaits a House vote after passing in the Senate on Sunday, would...