Government spending

Utility worker Jake Orton examines a building destroyed by the Almeda Fire at the Parkview Townhomes in Talent, Ore., on Wednesday, Sept. 16, 2020. (AP Photo/Noah Berger)
September 16, 2020 - 9:02 pm
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 - 6:55 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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People take elevators at a shopping building in Tokyo on Aug. 24, 2020. Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday, Sept. 8, 2020, Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. (AP Photo/Eugene Hoshiko)
September 07, 2020 - 10:27 pm
TOKYO (AP) — Japan’s economy shrank at a record, even worse rate in the April-June quarter than initially estimated. The Cabinet Office said Tuesday Japan’s seasonally adjusted real gross domestic product contracted at an annualized rate of 28.1%, worse than the 27.8% figure given last month. The...
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FILE - In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday, Sept. 2. (AP Photo/J. Scott Applewhite, File)
September 03, 2020 - 12:12 am
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike in the deficit means...
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Treasury Secretary Steven Mnuchin is sworn in before the House Select Subcommittee on the Coronavirus Crisis during a hybrid hearing, Tuesday, Sept. 1, 2020, on Capitol Hill in Washington (Nicholas Kamm/Pool via AP)
September 02, 2020 - 3:14 pm
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday. That’s more than triple...
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Prime Minister Justin Trudeau rises during a sitting of the Special Committee on the COVID-19 Pandemic in the House of Commons Wednesday July 22, 2020 in Ottawa. (Adrian Wyld/The Canadian Press via AP)
August 17, 2020 - 8:52 pm
TORONTO (AP) — Canada’s finance minister announced his resignation Monday amid reports of differences with Prime Minister Justin Trudeau over government spending to protect the economy during the coronavrius pandemic. Bill Morneau said he is leaving politics and has put his name forward as a...
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FILE - In this March 9, 2020, file photo, a security person wears a mask as he checks vehicles entering a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, Aug. 9, 2020, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. (AP Photo/Amr Nabil, File)
August 09, 2020 - 5:00 am
DUBAI, United Arab Emirates (AP) — Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers. Profits for the first six months of...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Aug. 5, 2020. Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. (AP Photo/Vincent Yu)
August 04, 2020 - 11:42 pm
BEIJING (AP) — Major Asian stock markets declined Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney declined. Investors are watching the stalemate among U.S. legislators over employment...
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FILE - In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year. (AP Photo/Lynne Sladky)
July 29, 2020 - 2:32 pm
WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year. A huge plunge in consumer spending as people stayed home and avoided...
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