Government finance

FILE - In this Sept. 1, 2020 file photo, Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing on Capitol Hill in Washington. The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday, Oct. 16, that the deficit for the budget year that ended on Sept. 30 was three times the size of last year's deficit of $984 billion. (Graeme Jennings/Pool via AP, File)
October 16, 2020 - 11:44 am
WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring. The Trump administration reported Friday that the deficit for the budget year that...
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President Donald Trump speaks during a campaign rally at Pitt-Greenville Airport, Thursday, Oct. 15, 2020, in Greenville, N.C. (AP Photo/Evan Vucci)
October 15, 2020 - 9:29 pm
WASHINGTON (AP) — President Donald Trump’s plan to mail millions of seniors a $200 prescription savings card has hit legal and budget roadblocks, making it unlikely the government can carry it out before Election Day. Democratic lawmakers have raised questions about whether the administration has...
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President Donald Trump speaks during an NBC News Town Hall with moderator Savannah Guthrie, at Perez Art Museum Miami, Thursday, Oct. 15, 2020, in Miami. (AP Photo/Evan Vucci)
October 15, 2020 - 8:15 pm
WASHINGTON (AP) — The latest on the presidential campaign (all times local): 11:10 p.m. President Donald Trump’s campaign and Republicans raised $247.8 million in September — better than the month before, but still lagging far behind his Democratic challenger Joe Biden, who raised $383 million over...
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Robert and Dorothy Brockman attend an intimate al fresco dinner celebrating the Rice University groundbreaking of James Turrell's Rice University Skyspace project at the home of Phoebe and Bobby Tudor, Tuesday evening, May 17, 2011, in Houston. Federal prosecutors have charged Texas billionaire Robert Brockman in a $2 billion tax fraud scheme that they say is the largest such case against an American. (Dave Rossman/Houston Chronicle via AP)
October 15, 2020 - 3:58 pm
SAN FRANCISCO (AP) — Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Department of Justice officials said at a news conference that Brockman, 79, hid capital gains income over...
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FILE - This combination of Sept. 29, 2020, file photos shows President Donald Trump, left, and former Vice President Joe Biden during the first presidential debate at Case Western University and Cleveland Clinic, in Cleveland, Ohio. Amid the tumult of the 2020 presidential campaign, one dynamic has remained constant: The Nov. 3 election offers voters a choice between substantially different policy paths. (AP Photo/Patrick Semansky, File)
October 12, 2020 - 11:47 am
WASHINGTON (AP) — Amid the tumult of the 2020 presidential campaign, one dynamic has remained constant: The Nov. 3 election offers voters a choice between substantially different policy paths. President Donald Trump, like many fellow Republicans, holds out tax reductions and regulatory cuts as...
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October 12, 2020 - 4:33 am
BRUSSELS (AP) — The European Union is announcing a major building renovation project this week seeking to cut down energy costs and polluting emissions while providing a big boost to the construction industry. EU Commission President Ursula von der Leyen said Monday that the 27-nation bloc “must...
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A family takes group portrait, Thursday, Oct. 8, 2020, outside of the White House in Washington. (AP Photo/Jacquelyn Martin)
October 08, 2020 - 1:27 pm
WASHINGTON (AP) — New, eye-popping federal budget figures released Thursday show an enormous $3.1 trillion deficit in the just-completed fiscal year, a record swelled by coronavirus relief spending that pushed the tally of red ink to three times that of last year. The Congressional Budget Office...
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The TIPCO tower stands in Bangkok, Thailand, Wednesday, Sept. 2, 2020. One of Asia's biggest asphalt companies, Tipco Asphalt, is helping Venezuela skirt harsh U.S. sanctions by moving hundreds of millions of dollars on behalf of the state-run oil company PDVSA, according to an Associated Press investigation. (AP Photo/Gemunu Amarasinghe)
October 08, 2020 - 5:31 am
MIAMI (AP) — Back in January, a yearlong campaign of U.S. sanctions was taking its toll at Venezuela’s state-run oil company. Many of PDVSA’s overseas bank accounts had been frozen or closed, hampering its ability to pay vendors on whom it relies to keep the nation’s crude flowing. So, as the bills...
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People pass by a poster thanking medical workers at a bus station in Madrid, Spain, Wednesday, Oct. 7, 2020. About 5.2 million people in Spain, including nearly 4.8 million residents in or around Madrid, are under restrictions on movement due to the second wave of the coronavirus pandemic. (AP Photo/Paul White)
October 07, 2020 - 4:52 am
LISBON, Portugal (AP) — Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by spending 140 billion euros ($162 billion) of European Union aid to reshape the economy, with the aim of creating 800,000 jobs over the next three years. The program is a response...
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FILE - In this Aug. 27, 2018, photo, Trump Tower, center, stands on New York's Fifth Avenue. An obscure function of Congress may have once put President Donald Trump's tax information in the hands of congressional staff. But even if it did, that doesn't mean staffers can give access to Trump's tax returns to lawmakers, at least not legally. (AP Photo/Mark Lennihan, File)
October 07, 2020 - 2:25 am
WASHINGTON (AP) — It’s one of the most obscure functions of Congress, little known or understood even by most lawmakers. But it may have once put staffers in possession of one of the most enduring mysteries of the Donald Trump era: his tax data, which The New York Times revealed to the world. The...
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