National budgets

FILE - In this Wednesday, Oct. 9, 2019 file photo, a construction worker stands in front of a door with the EU stars at EU headquarters in Brussels. The Brexit process shook the EU foundations and laid bare the need for much-delayed renovations, but tthe question now is where to start the revamp and who is going to foot the bill. (AP Photo/Virginia Mayo, File)
February 14, 2020 - 2:27 am

With Britain out, the unwieldy EU faces major budget battle

BRUSSELS (AP) — The Brexit drama shook the foundations of the European Union for years and laid bare the need for much-delayed political renovations at the 27-nation bloc. But now that Britain has finally left, where does the EU revamp even start and who is going to foot the bill? Those questions...
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The moon rises behind the ancient Acropolis hill with the 500 BC Parthenon temple in Athens, on Saturday, Feb. 8, 2020. (AP Photo/Petros Giannakouris)
February 12, 2020 - 6:53 am

Greek 10-year bond yield makes historic dip below 1%

Greece's 10-year government bond yield has fallen below 1% for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield dropped Wednesday to 0.957% but remains among the highest borrowing rates in the 19-country eurozone and roughly level...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)
February 11, 2020 - 12:07 pm

Powell: Economy looks resilient despite risk of China virus

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces some risk from the broadening viral outbreak that began in China. Giving the Fed’s semiannual monetary report to Congress,...
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President Donald Trump boards Air Force One to travel to a campaign rally in Manchester, N.H., Monday, Feb. 10, 2020, at Andrews Air Force Base, Md. (AP Photo/Evan Vucci)
February 10, 2020 - 6:22 pm

Trump seeks big increase in career-technical education money

President Donald Trump is proposing a $900 million increase in education spending to teach skills and trades, in what would be a historic federal infusion into a spending area that's been stagnant for years. The announcement Monday follows Trump's State of the Union push for career and technical...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
February 10, 2020 - 3:46 pm

Highlights of President Trump's 2021 budget plan

WASHINGTON (AP) — President Donald Trump's fiscal 2021 budget plan doesn't have many fans — among either his GOP allies or opposition Democrats — but it's a measure of the president's priorities as he seeks a second term. News flash: It's short on politically painful cuts to Medicare and Social...
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Greece's Prime Minister Kyriakos Mitsotakis, left, speaks with the European Commissioner for Economy Paolo Gentiloni during their meeting at Maximos Mansion in Athens, Thursday, Feb. 6, 2020. Gentiloni will have a series of meetings with Greek top officials in the context of the European Semester, the EU's cycle of economic and fiscal policy coordination among member states. (AP Photo/Thanassis Stavrakis)
February 06, 2020 - 10:39 am

EU signals willingness to ease Greek budget targets

ATHENS, Greece (AP) — The European Union's new economy commissioner says Greece's bailout lenders are willing to discuss a request by Athens to ease strict budget targets that would help speed up the country's recovery. While visiting Athens Thursday, Paolo Gentiloni sai d discussions could begin...
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The Capitol is seen as defense arguments by the Republicans resume in the impeachment trial of President Donald Trump on charges of abuse of power and obstruction of Congress, in Washington, Monday, Jan. 27, 2020. (AP Photo/J. Scott Applewhite)
AP Newsroom
January 28, 2020 - 2:34 pm

Budget deficit to break $1 trillion despite strong economy

WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several...
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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)
AP Newsroom
January 22, 2020 - 5:05 pm

Trump suggests he may be open to entitlement cuts in future

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...
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Children eat food distributed during a visit organized by The World Food Program (WFP) at Koge school, in the conflict-affected remote town of Kauda, Nuba Mountains, Sudan, Jan. 9, 2020. Sudanese Prime Minister Abdalla Hamdok, accompanied by United Nations officials, embarked on a peace mission Thursday to Kauda, a rebel stronghold, in a major step toward government efforts to end the country’s long-running civil conflicts. (AP Photo/Nariman El-Mofty)
January 20, 2020 - 7:13 am

EU sets up $998 million budget for humanitarian aid

BRUSSELS (AP) — The European Union has set up a 900 million euro ($998 million) budget to help countries hit by humanitarian crises, with Africa getting the largest share of the money. The EU Commission, the bloc's executive arm, said Monday that people in more than 80 countries will benefit from...
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FILE - In this Jan. 13, 2020. file photo, President Donald Trump, left, and acting White House chief of staff Mick Mulvaney, right, walk along the colonnade of the White House in Washington. The federal government's watchdog agency says a White House office violated federal law in withholding security assistance to Ukraine aid. The Government Accountability Office said Thursday the White House Office of Management and Budget violated the law in holding up the assistance. (AP Photo/Susan Walsh, File)
AP Newsroom
January 16, 2020 - 4:08 pm

Watchdog: White House violated law in freezing Ukraine aid

WASHINGTON (AP) — The White House violated federal law in withholding security assistance to Ukraine, an action at the center of President Donald Trump's impeachment, a federal watchdog agency said Thursday. The Government Accountability Office said in a report that the Office of Management and...
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