National budgets

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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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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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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Australia's Treasurer Josh Frydenberg is photographed outside The Treasury in Canberra, Monday, Oct. 5, 2020. The Australian government will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic damage to the economy. (Mick Tsikas/AAP Image via AP)
October 06, 2020 - 2:22 am
CANBERRA, Australia (AP) — The Australian government on Tuesday announced plans to cut income taxes, create jobs for young people and stimulate business investment with a raft of pandemic measures that would create a record 214 billion Australian dollar ($153 billion) deficit in the current fiscal...
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Pope Francis blesses a newly wed couple during his weekly general audience in the St. Damaso courtyard at the Vatican, Wednesday, Sept. 30, 2020. (AP Photo/Gregorio Borgia)
October 01, 2020 - 4:35 am
ROME (AP) — The Vatican released a detailed budget, balance sheet and earning statement for the first time ever Thursday as it seeks to reassure Catholics amid a corruption scandal that has exposed its shoddy financial management. The data marked the first time since 2016 that the Vatican has...
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European Commissioner for Values and Transparency Vera Jourova speaks during a media conference on the Rule of Law Report 2020 at EU headquarters in Brussels, Wednesday, Sept. 30, 2020. (Olivier Hoslet, Pool via AP)
September 30, 2020 - 8:08 am
BRUSSELS (AP) — Democratic standards are facing “important challenges” in some European Union countries, particularly in Hungary and Poland, where the judicial systems are under threat, the EU's executive commission said Wednesday in its first report on adherence to the rule of law. The European...
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German Finance Minister Olaf Scholz, right, delivers a speech during a budget debate as part of a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Tuesday, Sept. 29, 2020. At left is German Chancellor Angela Merkel. (AP Photo/Michael Sohn)
September 29, 2020 - 2:58 am
BERLIN (AP) — Germany's debt load won't reach the level it did in the financial crisis a decade ago as a result of the coronavirus pandemic, the finance minister said Tuesday, and it will still look better than that of Germany's peers in the Group of Seven did before the virus outbreak. Olaf Scholz...
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Olaf Scholz, Federal Minister of Finance, attends the meeting of the Federal Cabinet in the Federal Chancellery in Berlin, Germany, Sept. 23, 2020. (Kay Nietfeld/dpa via AP)
September 23, 2020 - 6:02 am
Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen the fallout of the coronavirus crisis. The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from...
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Resplendent in orange suit, tie and shoes and a black hat with gold bow and protected by a homemade "corona bumper" decorated with a model carriage, Johan Vlemmix, center, stands in front of Royal Palace Noordeinde, in The Hague, Netherlands, Tuesday, Sept. 15, 2020. Vlemmix drove three hours to get to The Hague, as he has done every budget day for more than 20 years, to watch King Willem-Alexander and Queen Maxima appear on the palace balcony, rear. The balcony appearance of the king and queen has been cancelled due to COVID-19 related measures. "It's surreal," he said. "You see the red carpet has been rolled out, the king has arrived and there's nobody here. I've never experienced this. (AP Photo/Mike Corder)
September 15, 2020 - 5:29 am
THE HAGUE, Netherlands (AP) — The Dutch government plans to invest in protecting jobs during the coronavirus crisis but warned Tuesday in a speech delivered by King Willem-Alexander ahead of the unveiling of the national budget that the country must brace for the harsh economic impact of the...
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