Government spending

A shopper in a face mask looks over cuts of beef piled up in a cold room for purchase at a Costco warehouse store Tuesday, May 5, 2020, in west Denver. The U.S. economy rebounded at an even-stronger pace in the July-September quarter than first reported but a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some analysts even raising the specter of a double-dip recession. (AP Photo/David Zalubowski)
November 25, 2020 - 10:51 am
WASHINGTON (AP) — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%. But a resurgence in the coronavirus is expected to slow growth sharply in the current quarter with some economists even raising the specter of a double-dip...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 24, 2020 - 12:01 am
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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November 17, 2020 - 3:06 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the nationwide surge in confirmed coronavirus could slow the economy in the months ahead by discouraging consumers from spending. “We’re seeing states begin to impose some activity restrictions," Powell said in an online...
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November 06, 2020 - 6:46 am
LONDON (AP) — Britain's spending watchdog warned Friday that there is likely to be “significant disruption” to trade with the European Union at the start of next year even if a trade deal between the two sides is agreed in time. The National Audit Office, which assesses government spending, noted...
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A new home under construction is shown Thursday, Sept. 24, 2020, in Houston. U.S. construction spending increased 1.4% in August, led by a surge in spending on single-family homes. (AP Photo/David J. Phillip)
November 02, 2020 - 11:03 am
SILVER SPRING, Md. (AP) — U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected. The Commerce Department reported Monday that the September gain follows a downward revised gain...
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A new lighting system illuminates the ancient Acropolis hill in Athens, Wednesday, Sept. 30, 2020. Ancient temples on the Acropolis are illuminated after a new lighting system was installed and launched. The lower-energy LED lighting fixtures will light up more parts of the ancient site and is also intended to reduce light pollution with better-targeted lighting. (AP Photo/Yorgos Karahalis)
October 05, 2020 - 7:23 am
ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking up next year, the government said Monday as it submitted its 2021 draft budget to parliament. The 2021 budget was “drawn up in an environment of...
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Senate Majority Leader Mitch McConnell, R-Ky., left, and Vice President Mike Pence, right, walk to hold a private meeting with Judge Amy Coney Barrett, President Donald Trump's nominee for the U.S. Supreme Court, at the Capitol in Washington, Tuesday, Sept. 29, 2020. (AP Photo/J. Scott Applewhite)
September 30, 2020 - 4:31 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting face to face for the first time in more than a month in a last-ditch effort to seal a tentative accord on an additional round of...
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FILE - In this Sept. 7, 2020, file photo, a firefighter battles the Creek Fire as it threatens homes in the Cascadel Woods neighborhood of Madera County, Calif. This year's fires have taxed the human, mechanical and financial resources of the nation's wildfire fighting forces to a degree that few past blazes did. And half of the fire season is yet to come. (AP Photo/Noah Berger,File)
September 17, 2020 - 11:19 am
Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the flames. Before that, he and his crew had worked for 20 days, followed by a three-day break. Silvera, a 43-year-old battalion chief with Cal Fire,...
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FILE - In this April 29, 2020 file photo, a man wearing a mask to protect against coronavirus, waits to cross the street as a digital sign displays groups of people walking above another sign displaying the size of the national debt along an empty K Street in Washington. The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday, Sept. 11. (AP Photo/Andrew Harnik, File)
September 11, 2020 - 10:38 pm
WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday. The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that...
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Senate Majority Leader Mitch McConnell of Ky., puts his face mask back on after speaking during a news conference of Senate Republican leadership, Wednesday, Sept. 9, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
September 09, 2020 - 8:55 pm
WASHINGTON (AP) — Top Republican senators made pessimistic predictions Wednesday about securing a bipartisan coronavirus relief package before the November election, signaling instead they will just try to pass legislation that would avoid a federal shutdown as lawmakers head home to campaign...
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