Government budgets

FILE - In this Feb. 3, 2020, file photo, Sen. Pat Toomey, R-Pa., walks at the Capitol in Washington. The nation's fiercest fiscal conservatives are largely embracing the massive economic rescue package moving through Congress. In many cases, those conservatives who support the $2 trillion coronavirus spending bill are the very same who raged against the $800 billion economic stimulus package backed by the Obama administration after the 2008 financial crisis. (AP Photo/J. Scott Applewhite, File)
March 28, 2020 - 7:43 am
NEW YORK (AP) — Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a public health crisis. In many...
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FILE - In this Tuesday, March 24, 2020 file photo, Gov. Andrew Cuomo speaks during a news conference against a backdrop of medical supplies at the Jacob Javits Center that will house a temporary hospital in response to the COVID-19 outbreak in New York. Cuomo, a Democrat, ripped the GOP-led Senate's version of the coronavirus package as "terrible" for New York and said, based on preliminary reports, that it would send the state some $4 billion in direct aid. (AP Photo/John Minchillo)
March 27, 2020 - 4:42 pm
The coronavirus is pounding state governments with a financial one-two punch, costing them millions to try to contain the disease just as businesses are shutting down and tax revenue is collapsing. The sharp drop in revenue could jeopardize some states' ability to provide basic services. States...
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A man walks past a banner showing Saudi King Salman, right, and his Crown Prince Mohammed bin Salman, outside a mall in Jiddah, Saudi Arabia, Saturday, March 7, 2020. (AP Photo/Amr Nabil)
March 19, 2020 - 2:57 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia said the government will cut spending by 5%, or about $13.3 billion, to offset the impact of plunging oil prices and the effects of the new coronavirus on its economic outlook and deficit. In a statement carried by the state-run Saudi Press Agency...
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European Commission President Ursula von der Leyen addresses the media after a video-conference with G7 leaders at the European Council building in Brussels, Monday, March 16, 2020. European Commission President Ursula von der Leyen wants the European Union to put in place a 30-day ban on people entering the bloc for non-essential travel reasons in an effort to curb the spread of coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Olivier Matthys)
March 16, 2020 - 2:21 pm
BRUSSELS (AP) — France is imposing nationwide restrictions on how far from their homes people can go and for what purpose as part of the country's strategy to stop the spread of the new coronavirus. French President Emmanuel Macron said that "movements will be very strongly reduced” for 15 days...
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New York Governor Andrew Cuomo speaks during a news conference at a COVID-19 coronavirus infection testing facility at Glen Island Park, Friday, March 13, 2020, in New Rochelle, N.Y. State officials have set up a “containment area” in the New York City suburb, where schools and houses of worship are closed within a 1-mile radius of a point near a synagogue where an infected person with coronavirus had attended events. State officials stress it is not a lockdown. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (AP Photo/John Minchillo)
March 15, 2020 - 9:36 am
JEFFERSON CITY, Mo (AP) — States across the U.S. are allocating hundreds of millions of dollars to respond to the coronavirus, even as the U.S. government prepares to send billions more their way. Many states have built up sizable stockpiles in their “rainy day” funds during several robust years of...
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A Thai investor checks an electronic board showing stock prices at Asia Plus Securities, a private stock trading floor, in Bangkok, Thailand, Friday, March 13, 2020. Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Sakchai Lalit)
The Associated Press
March 13, 2020 - 7:56 am
The Latest on financial markets: The European Commission says it will set up a 37 billion-euro ($41 billion) investment fund and allow “maximum flexibility” on state aid and fiscal rules to help member states weather the economic hit by the coronavirus outbreak. European Commission president Ursula...
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Britain's Chancellor of the Exchequer Rishi Sunak, centre, stands outside No 11 Downing Street and holds up the traditional red box that contains the budget speech for the media, he will then leave to make budget speech to House of Commons, in London, Wednesday, March 11, 2020. Britain's Chancellor of the Exchequer Rishi Sunak will announce the first budget since Britain left the European Union. Sunak is flanked by his team of treasury ministers . (AP Photo/Frank Augstein)
The Associated Press
March 11, 2020 - 10:03 am
LONDON (AP) — Britain took dramatic steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) package of measures to keep individuals and businesses afloat and the Bank of England slashed its key interest rate to a...
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European Central Bank President Christine Lagarde talks to German Finance Minister Olaf Scholz during a meeting of European Union Finance Ministers in Eurogroup format at the Justus Lipsius building in Brussels, Monday, Feb. 17, 2020. (AP Photo/Francisco Seco)
March 11, 2020 - 12:00 am
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy. Expectations...
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FILE - In this Thursday, Aug. 31, 2017, file photo, a flame burns at the Shell Deer Park oil refinery in Deer Park, Texas. Oil prices are plunging Sunday, March 8, 2020, amid worries that an OPEC dispute will lead a virus-weakened economy to be awash in an oversupply of crude. (AP Photo/Gregory Bull, File)
March 09, 2020 - 12:29 pm
FRANKFURT, Germany (AP) — A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States. The spat between these vital oil...
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Democratic presidential candidate former Vice President Joe Biden points as reporters ask questions Wednesday, March 4, 2020, in Los Angeles. (AP Photo/Marcio Jose Sanchez)
March 06, 2020 - 9:48 pm
ATLANTA (AP) — Joe Biden’s presidential campaign is plowing $12 million into a six-state ad buy ahead of the March 10 and March 17 primaries, his largest single advertising effort of the 2020 campaign and a demonstration of his resurgent campaign’s new financial footing. The former vice president...
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