Government budgets

A police officer talks to a man meditating in a beach reopened for sport activities after the lockdown measures imposed by the government in Barcelona, Spain, Friday, May 8, 2020. In last minute negotiations, Spain's government has secured enough parliamentary support to extend later on Wednesday the country's state of emergency. Spain has recorded over 25,600 deaths from the new coronavirus. (AP Photo/Emilio Morenatti)
May 08, 2020 - 5:24 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — COVID-19 deaths spike in Ohio nursing homes. — Miss...
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Gov. Gavin Newsom discusses his plan for the gradual reopening of California businesses during a news conference at the Display California store in Sacramento, Calif., Tuesday, May 5, 2020. Newsom has scolded two rural counties for allowing some businesses to reopen in defiance of his statewide coronavirus restrictions. (AP Photo/Rich Pedroncelli, Pool)
May 07, 2020 - 11:00 am
SACRAMENTO, Calif. (AP) — California will have a budget shortfall of $54.3 billion because of the economic devastation wrought by the coronavirus, Gov. Gavin Newsom's administration announced Thursday, a stunning reversal for a state that had a $21 billion surplus a year ago. The state has been...
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FILE - In this Jan. 23, 1996, file photo, President Bill Clinton gestures while giving his State of the Union address to a joint session of Congress on Capitol Hill, in Washington. When he stood before Congress in 1996 and declared “the era of big government is over,” Clinton gave voice to a doctrine that permeated Democratic politics for more than two decades. Government, while necessary, shouldn't be celebrated if the party wanted to win elections. The coronavirus is changing that. Democrats are enthusiastically embracing the idea of a robust role for government in American life, abandoning concerns they might alienate the relatively narrow slice of independent voters. (AP Photo/Greg Gibson, File)
May 07, 2020 - 5:49 am
WASHINGTON (AP) — When he stood before Congress in 1996 and declared “the era of big government is over,” President Bill Clinton gave voice to a doctrine that permeated Democratic politics for more than two decades. Government, while necessary, shouldn't be celebrated if the party wanted to win...
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In this April 3, 2020, photo, a man wearing a face mask due to COVID-19 concerns stands outside a check cashing service center in the Brooklyn borough of New York. While millions of U.S. workers have already received a quick relief payment from the federal treasury through direct deposit, millions of others without traditional bank accounts must wait weeks for paper checks. Advocates for the poor say this is an opportunity to get many of those who are unbanked into the formal financial system. (AP Photo/Bebeto Matthews)
May 06, 2020 - 10:53 am
WASHINGTON (AP) — The Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter which will include issuing for the first time since 1986 a 20-year bond. The Treasury faces an unprecedented need for credit because of the trillions of dollars the...
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FILE - In this March 3, 2020, file photo, Hawaii state Department of Health microbiologist Mark Nagata demonstrates the process for testing a sample for coronavirus at the department's laboratory in Pearl City, Hawaii. An Associated Press analysis shows that some of the least-populated states, such as Hawaii, with relatively few coronavirus cases received an out-sized proportion of the $150 billion in federal money that was designed to address virus-related expenses. (AP Photo/Audrey McAvoy, File)
May 05, 2020 - 7:56 pm
Alaska, Hawaii, Montana and Wyoming are not epicenters of the coronavirus pandemic. Yet these four states scored big this spring when Congress pumped out direct federal aid, while the two hardest-hit states, New York and New Jersey, got comparatively little given the vast numbers of cases and...
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FILE - In this Aug. 28, 2019, file photo dozens of supporters of a measure to limit when companies can label workers as independent contractors circle the Capitol during a rally in Sacramento, Calif. California is suing ride-hailing companies Uber and Lyft, alleging they misclassified their drivers as independent contractors under the state's new labor law, AB5, in effect as of Jan. 1. Attorney General Xavier Becerra announced the lawsuit Tuesday, May 5, 2020, during a news conference. (AP Photo/Rich Pedroncelli, File)
May 05, 2020 - 4:35 pm
LOS ANGELES (AP) — California sued ride-hailing companies Uber and Lyft on Tuesday, alleging they misclassified their drivers as independent contractors under the state's new labor law. Attorney General Xavier Becerra and the city attorneys of Los Angeles, San Diego and San Francisco announced the...
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House Speaker Nancy Pelosi of Calif. adjusts her face mask during a news conference on Capitol Hill Thursday, April 30, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
April 30, 2020 - 11:19 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi said Thursday that state and local governments are seeking up to $1 trillion for coronavirus costs, a stunning benchmark for the next aid package that's certain to run into opposition from Senate Republicans. Pelosi acknowledged the federal government...
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A TV cameraman films in the empty stadium as a part of precaution against the new coronavirus during the pre-season baseball game between Doosan Bears and LG Twins in Seoul, South Korea, Tuesday, April 21, 2020. South Korea's professional baseball league has decided to begin its new season on May 5, initially without fans, following a postponement over the coronavirus. (AP Photo/Lee Jin-man)
April 28, 2020 - 10:30 am
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Texas Tech athletic director Kirby Hocutt says the school will cut nearly $7 million from the athletic budget in the upcoming school year, including eliminating performance bonuses for himself and Red Raiders...
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A woman wears a mask to protect against coronavirus, waits in line for a mobile food pantry at Barclays Center Friday, April 24, 2020, in the Brooklyn borough of New York. (AP Photo/Frank Franklin II)
April 24, 2020 - 8:00 pm
NEW YORK (AP) — New York's daily coronavirus death toll dropped slightly, state leaders braced for a $13.3 billion budget hit, and residents will be receiving applications for mail-in ballots. Details on developments in the coronavirus outbreak in New York: ___ THE NUMBERS New York reported its...
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President Donald Trump signs a coronavirus aid package to direct funds to small businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. Sen. Roy Blunt, R-Mo., left, and Jovita Carranza, administrator of the Small Business Administration look on. (AP Photo/Evan Vucci)
April 24, 2020 - 5:09 pm
WASHINGTON (AP) — Spend what it takes, Washington said as it confronted the coronavirus. Well over $2 trillion later, it’s unclear where that spending will end. One of the lasting legacies of the coronavirus pandemic will be staggering debts and deficits on the U.S. balance sheet, with shortfalls...
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