Government budgets

German Chancellor Angela Merkel talks to French President Emmanuel Macron, connected by video, during a press conference after a joint video conference in Berlin, Germany, Monday, May 18, 2020. One topic was the corona pandemic and its consequences. (Kay Nietfeld/dpa via AP)
May 18, 2020 - 12:03 pm
BERLIN (AP) — Germany and France jointly proposed a 500 billion-euro ($543 billion) recovery fund Monday to boost European economies hit by the coronavirus pandemic. In a joint statement, German Chancellor Angela Merkel and French President Emmanuel Macron said the fund would see European Union...
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Gov. John Bel Edwards speaks Monday, May 11, 2020, at his media briefing on the state's COVID-19 response at the State Capitol in Baton Rouge, La., announcing that his stay-at-home directive will end with the Phase 1 reopening of the state on Friday, May 15. Dr. Alex Billioux, M.D., right, assistant secretary of health for the La. Dept. of Health's Office of Public Health, looks on. (Travis Spradling/The Advocate via AP, Pool)
May 16, 2020 - 9:55 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: __ Venezuela sees its largest one-day virus increase...
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May 15, 2020 - 10:02 pm
UNITED NATIONS (AP) — China is going after the United States over more than $1 billion that the Trump administration owes the United Nations in unpaid dues for its regular operating budget and arrears for the separate budget for the U.N.’s far-flung peacekeeping operations. The unusual singling out...
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Mayor Michael Hancock listens as chief financial officer Brendan Hanlon speaks during a briefing in Denver on Thursday, May 14, 2020, on the state of the Denver's budget, city employee furloughs and the resumption of business after closures due to the coronavirus. (AAron Ontiveroz/The Denver Post via AP)
May 14, 2020 - 10:04 pm
DENVER (AP) — Denver Mayor Michael Hancock said Thursday that thousands of city employees, including himself, will be furloughed for eight days this year to help close what is expected to be a $226 million budget gap caused by the coronavirus, joining mayors across the country that have made the...
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FILE - This undated file photo shows the Trans-Alaska pipeline and pump station north of Fairbanks, Alaska. The future of Alaska's unique program of paying residents an annual check is in question, with oil prices low and an economy struggling during the coronavirus pandemic. (AP Photo/Al Grillo, File)
May 14, 2020 - 9:41 am
JUNEAU, Alaska (AP) — Alaska has no income or statewide sales taxes, and it cuts residents a check every year from its oil wealth. But the future of that unique payout is in question amid low oil prices and an economy battered by the coronavirus pandemic. The size of the check — expected to be...
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New Zealand Prime Minister Jacinda Ardern, right, walks with Deputy Prime Minister Winston Peters to the house for the budget delivery speech at Parliament in Wellington, New Zealand, Thursday, May 14, 2020. New Zealand's government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. (Hagen Hopkins/Pool Photo via AP)
May 14, 2020 - 3:58 am
WELLINGTON, New Zealand (AP) — New Zealand’s government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. Finance Minister Grant Robertson on Thursday unveiled a budget unlike any in the nation's history. Debt would...
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FILE - In this May 12, 2020, file photo, a teacher removes students’ artwork from a bulletin board as she packs the art in her kindergarten classroom at an elementary school in Olathe, Kan. The coronavirus is proving ruinous to state budgets, forcing many governments to consider once-unthinkable cuts to schools, universities, health care programs and a wide array of other basic functions. (AP Photo/Charlie Riedel, File)
May 13, 2020 - 10:00 pm
As the nation enters a third month of economic devastation, the coronavirus is proving ruinous to state budgets, forcing many governments to consider deep cuts to schools, universities, health care and other basic functions that would have been unthinkable just a few months ago. Many states expect...
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FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said Tuesday, May 12, 2020 that the government racked up a shortfall of $737.9 billion last month. That was more than three times larger than the previous record monthly deficit of $235 billion set in February. (AP Photo/J. Scott Applewhite, File)
May 12, 2020 - 4:34 pm
WASHINGTON (AP) — The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said...
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FILE - In this April 2, 2019, file photo, Australian Treasurer Josh Frydenberg addresses the media as he arrives at Parliament House in Canberra, Australia. Treasurer Frydenberg said the country faces a “sobering” economic outlook due to the effects of the coronavirus and said it would have the largest deficit in its history when a revised budget is released in October. (AP Photo/Rod McGuirk, File)
May 12, 2020 - 3:28 am
CANBERRA, Australia (AP) — Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October. The 2020-21 federal budget was due to be released Tuesday. But the...
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FILE - In this March 18, 2020, file photo, Defense Secretary Mark Esper speaks as President Donald Trump listens during press briefing with the coronavirus task force, at the White House in Washington. The government’s $3 trillion effort to rescue the economy from the coronavirus crisis is stirring worry at the Pentagon. Bulging federal deficits may force a reversal of years of big defense spending gains and threaten prized projects like the rebuilding of the nation’s arsenal of nuclear weapons. Esper says the sudden burst of emergency spending to prop up a stalled economy is bringing the Pentagon closer to a point where it will have to shed older weapons faster and tighten its belt. (AP Photo/Evan Vucci, File)
May 12, 2020 - 12:13 am
WASHINGTON (AP) — The government's $3 trillion effort to rescue the economy from the coronavirus crisis is stirring worry at the Pentagon. Bulging federal deficits may force a reversal of years of big defense spending gains and threaten prized projects like the rebuilding of the nation's arsenal of...
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