Government budget deficits

In this March 6, 2019, photo, President Donald Trump speaks in the Oval Office of the White House in Washington. The federal budget deficit is ballooning on Trump’s watch and few in Washington seem to care. And the political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared. That’s the reality that will greet Trump’s latest budget, which probably will promptly be shelved after it’s received by Congress on Monday. (AP Photo/Jacquelyn Martin)
March 10, 2019 - 5:34 am
WASHINGTON (AP) — The federal budget deficit is ballooning on President Donald Trump's watch and few in Washington seem to care. And even if they did, the political dynamics that enabled bipartisan deficit-cutting deals decades ago has disappeared, replaced by bitter partisanship and chronic...
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White House chief economic adviser Larry Kudlow speaks during a press briefing at the White House, Monday, Jan. 28, 2019, in Washington. (AP Photo/ Evan Vucci)
January 28, 2019 - 1:14 pm
WASHINGTON (AP) — The Latest on the Congressional Budget Office predicting that economic growth will slow (all times local): 4:05 p.m. The director of the National Economic Council is rejecting a Congressional Budget Office assessment showing slowed growth following a five-week government shutdown...
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FILE- In this Oct. 26, 2018, file photo the rising sun silhouettes the U.S. Capitol dome at daybreak in Washington. A new government report says that the U.S. budget deficit is set to hit $897 billion this year and predicts that economic growth will slow as the effects of President Donald Trump’s tax cut on business investment begin to drop off. (AP Photo/Alex Brandon, File)
January 28, 2019 - 8:35 am
WASHINGTON (AP) — The federal government shutdown will cause slight permanent harm to the economy — about $3 billion — according to a report Monday by the Congressional Budget Office. The report says the five-week shutdown has slowed growth in the near term but that most of the lost growth "will...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici, left, and European Commissioner for Euro and Social Dialogue Valdis Dombrovkis participate in a media conference at EU headquarters in Brussels, Wednesday, Dec. 19, 2018. The European Commission says it has reached an agreement with Italy to avert action over the country's budget plans, which the EU's executive arm had warned could break euro currency rules. (AP Photo/Virginia Mayo)
December 19, 2018 - 6:04 am
BRUSSELS (AP) — The European Commission said Wednesday it has reached an agreement with Italy on its budget plans, which the EU's executive arm had warned could break the euro's rules and lead to legal action. European Commission Vice President Valdis Dombrovskis said the "agreement is not ideal"...
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December 17, 2018 - 4:04 am
LONDON (AP) — Britain's Office of National Statistics says it is changing the way it accounts for student loans in a decision that will add 12 billion pounds ($15 billion) to the country's budget deficit. The statistics agency said in a statement Monday that the design of the system means much of...
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Italian Economy Minister Giovanni Tria attends a press conference in Rome, in Rome, Wednesday, Dec. 5, 2018. (AP Photo/Andrew Medichini)
December 07, 2018 - 12:34 pm
ROME (AP) — Italian lawmakers have given their first approval to the populist government's deficit-busting spending plan for 2019. The lower Chamber of Deputies on Friday night OK'd the proposal, put to a confidence vote to help close bickering ranks in Premier Giuseppe Conte's coalition. But the...
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FILE- In this Oct. 26, 2018, file photo the rising sun silhouettes the U.S. Capitol dome at daybreak in Washington. The Treasury Department issues a report Tuesday, Nov. 13, on how much money Uncle Sam took in and paid out last month. (AP Photo/Alex Brandon, File)
November 13, 2018 - 12:04 pm
WASHINGTON (AP) — The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar. The Treasury Department said Tuesday that the deficit shot up 59 percent from the same month a year ago. Last year's October...
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November 12, 2018 - 11:48 pm
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. However,...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici presents the Autumn 2018 economic forecast at EU headquarters in Brussels, Thursday, Nov. 8, 2018. (AP Photo/Olivier Matthys)
November 08, 2018 - 4:04 am
Economic growth across the 19-country eurozone is set to slow down further in coming years and become increasingly reliant on domestic factors like consumer spending, the European Union said Thursday. In its latest economic projections, the EU's executive Commission said eurozone growth this year...
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Left to right: vice premier Luigi Di Maio, premier Giuseppe Conte and vice premier Matteo Salvini, pose as they arrive for a press conference at Chigi's Palace, in Rome, Saturday, Oct. 20 2018. Italy's government vowed Saturday to engage in constructive talks with the European Union as it still gave final approval to a rule-busting budget and brushed off a ratings downgrade triggered by its higher-than-expected deficit targets. (Angelo Carconi/ANSA via AP)
October 23, 2018 - 1:41 pm
BRUSSELS (AP) — The European Union set up a high-stakes battle with Italy, one of the bloc's biggest economies, over who has final control over a member state's budget after the executive Commission took the unprecedented step of ordering the country to revise its public spending plans. In a move...
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