Government finance

President Donald Trump speaks at a news conference in the James Brady Press Briefing Room at the White House, Thursday, Aug. 13, 2020, in Washington. (AP Photo/Andrew Harnik)
August 13, 2020 - 7:47 pm
WASHINGTON (AP) — President Donald Trump’s push to cut Social Security payroll taxes for the rest of the year — and even arguing for a permanent cut — would do little to bolster the coronavirus-battered economy in the short term and could destabilize long-term funding for benefits that millions of...
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FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Stocks are opening mostly lower on Wall Street Thursday, Aug. 13, a day after the S&P 500 closed just below its pre-pandemic record high. (AP Photo/Mark Lennihan, File)
August 13, 2020 - 5:09 pm
NEW YORK (AP) — Another afternoon fade for stocks left Wall Street just shy of a record on Thursday, after the S&P 500 briefly crossed above its all-time closing high for the second straight day. The S&P 500 dipped 6.92 points, or 0.2%, to 3,373.43. At one point during the day, it climbed...
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August 13, 2020 - 5:04 pm
LOS ANGELES (AP) — Prince Harry and Meghan Markle have moved into a new family home in Southern California, their spokesman said Thursday without providing details. Real estate agents and tax records point to a seven-acre estate in Santa Barbara County, according to The Los Angeles Times. “The Duke...
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White House Chief of Staff Mark Meadows, right, accompanied by Treasury Secretary Steven Mnuchin, left, speaks to reporters following a meeting with House Speaker Nancy Pelosi of Calif. and Senate Minority Leader Sen. Chuck Schumer of N.Y. as they continue to negotiate a coronavirus relief package on Capitol Hill in Washington, Friday, Aug. 7, 2020. (AP Photo/Andrew Harnik)
August 12, 2020 - 7:07 pm
WASHINGTON (AP) — Mark Meadows dropped to a knee in then-Speaker John Boehner's office, the still-new congressman apologizing for joining those trying to oust the Republican leader. Two years later, Meadows did it anyway, leading the House Freedom Caucus' push for Boehner's departure in 2015. Now,...
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President Donald Trump signs an executive order during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)
August 12, 2020 - 6:01 pm
WASHINGTON (AP) — The nation's leading business group on Wednesday raised serious concerns about President Donald Trump's move to defer Social Security payroll taxes for American workers, warning that the plan for a shot of economic relief during the coronavirus pandemic could prove unworkable. The...
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FILE - In this July 16, 2019, file photo an American flag flies on the Capitol Dome in Washington. The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday, Aug. 12, 2020. (AP Photo/Carolyn Kaster, File)
August 12, 2020 - 5:24 pm
SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetary shortfall is expected to eventually reach levels for the fiscal year that ends Sept. 30 more...
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President Donald Trump talks with reporters before departing from Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 9, 2020. Trump was returning to Washington after spending the weekend at Trump National Golf Club. (AP Photo/Susan Walsh)
August 11, 2020 - 5:36 am
WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how they're paid for...
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FILE - California Secretary of State Alex Padilla talks during a news conference Monday, Jan. 28, 2019, at the Capitol in Sacramento, Calif. “It is appalling that Congress has not provided the needed resources for state and local elections officials during the COVID-19 pandemic,” said Padilla. “Elections officials’ ability to fill the gap is nearly impossible given the already strained state and local government budgets.”(AP Photo/Rich Pedroncelli, File)
August 11, 2020 - 12:21 am
ATLANTA (AP) — Congress’ failure so far to pass another round of coronavirus aid leaves state and local officials on their own to deal with the soaring costs of holding a presidential election amid a deadly pandemic. That could leave them scrambling to solve problems that surfaced during the...
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President Donald Trump talks with reporters before departing from Morristown Municipal Airport in Morristown, N.J., Sunday, Aug. 9, 2020. Trump was returning to Washington after spending the weekend at Trump National Golf Club. (AP Photo/Susan Walsh)
August 10, 2020 - 7:31 pm
WASHINGTON (AP) — President Donald Trump’s move to defer Social Security payroll taxes could be taking him into treacherous political territory. His directive — aimed at boosting an economy shaken by the coronavirus pandemic — doesn’t affect retirement benefits but impacts how they're paid for...
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FILE- In this April 25, 2020 file photo, New Jersey Gov. Phil Murphy speaks during his daily press briefing at the the War Memorial in Trenton, N.J. Murphy signed legislation on Thursday, July 16, 2020, authorizing nearly $10 billion in debt to plug budget holes brought on by the coronavirus pandemic, but Republicans sued him, arguing the bill runs afoul of the state constitution. (Chris Pedota/The Record via AP, File)
August 10, 2020 - 4:38 pm
State and local government officials across the U.S. have been on edge for months about how to keep basic services running while covering rising costs related to the coronavirus outbreak as tax revenue plummeted. It’s now clear that anxiety will last a lot longer. Congressional talks over another...
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