Government budget deficits

Italian Premier Giuseppe Conte answers reporters' questions during a press conference at the foreign press club in Rome, Monday, Oct. 22, 2018. (AP Photo/Gregorio Borgia)
October 22, 2018 - 6:12 am
MILAN (AP) — Italy's leader on Monday indicated his government would stand firm in its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts. Premier Giuseppe Conte defended the deficit-busting budget...
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Italian Deputy Premier and League leader Matteo Salvini greets supporters during a rally in Mezzocorona, northern Italy, Friday, Oct. 19, 2018. (Daniel Mosna/ANSA via AP)
October 20, 2018 - 1:24 am
ROME (AP) — Italy's deputy premier is brushing off a ratings downgrade and vowing to forge ahead with the government's rule-busting budget as Italy prepares to respond to European Union concerns about its high deficit targets. International credit rating agency Moody's late Friday downgraded Italy'...
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Italian Economy Minister Giovanni Tria, left, and European Commissioner for Economic and Financial Affairs Pierre Moscovici meet the media during a press conference in Rome, Thursday, Oct. 18, 2018. Italian leaders say the budget plan will boost economic growth through higher spending, but other EU countries are concerned it will add to Italy's already heavy public debt load. (AP Photo/Gregorio Borgia)
October 19, 2018 - 2:56 am
MILAN (AP) — Italy's financial markets are shaken following the European Union's stinging rebuke of the new populist government's budget bill, which pushes the deficit far beyond previously agreed levels. Italy's government borrowing rose, with the yield on the benchmark 10-year bond on Friday...
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Italy's Interior Minister and Deputy-Premier Matteo Salvini, right, and Italian Premier Giuseppe Conte attend a press conference on Italy's budget law, at Chigi Palace Premier office, in Rome, Monday, Oct. 15, 2018. (Giuseppe Lami/ANSA via AP)
October 16, 2018 - 6:14 am
MILAN (AP) — Italy's populist government was heading into a budget battle with the European Union after disregarding pointed warnings to ease up on spending promises that have shattered previous deficit pledges and threaten Italy's ability to lower its heavy debt load. The EU Commission President...
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FILE - This Feb. 9, 2018, file photo shows the Capitol Dome of the Capitol Building at sunrise in Washington. The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday, Oc. 15, that the deficit climbed $113 billion from fiscal 2017. (AP Photo/Andrew Harnik, File)
October 15, 2018 - 3:02 pm
WASHINGTON (AP) — The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday that the deficit climbed $113...
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A man stands in front of an electronic board showing the Hong Kong share index outside a local bank in Hong Kong, Wednesday, Oct. 3, 2018. (AP Photo/Vincent Yu)
October 03, 2018 - 2:53 am
SINGAPORE (AP) — Global shares were mixed Wednesday after reports suggested Italy will rein in spending after 2019, following heavy criticism of its budget plans. KEEPING SCORE: The CAC 40 in France edged 0.1 percent higher to 5,472.12 and Britain's FTSE 100 added 0.1 percent to 7,482.23. Italy's...
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Italian Finance Minister Giovanni Tria, left, attends a round table meeting of eurogroup finance ministers at the European Council building in Luxembourg, Monday, Oct. 1, 2018. (AP Photo/Geert Vanden Wijngaert)
October 02, 2018 - 6:03 am
MILAN (AP) — Italy's leaders refused to budge from new spending plans that have been spooking investors, pushing the eurozone's third-largest economy on a collision course with its EU partners. Deputy Prime Minister Luigi Di Maio said Tuesday that the government "will not back up one millimeter"...
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FILE - This Wednesday, June 6, 2018 file photo Italian premier Giuseppe Conte, left, and Italian Economy Minister Giovanni Tria talk at the Lower House, ahead of a confidence vote on the government program, in Rome, Wednesday, June 6, 2018. Italy’s economy minister says that the first budget by Italy’s new government will include a basic income scheme sought by one of the main governing parties, the 5-Star Movement. (Riccardo Antimiani/ANSA via AP)
September 28, 2018 - 1:16 am
ROME (AP) — Italy's stock market fell sharply Friday after the new populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year, risking a collision with the European Union. The benchmark FTSE MIB...
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FILE- In this Sept. 3, 2018, file photo an American flag flies on the U.S. Capitol in Washington. On Thursday, Sept. 13, the Treasury Department releases federal budget data for August. (AP Photo/J. Scott Applewhite, File)
September 13, 2018 - 11:45 am
WASHINGTON (AP) — The federal government racked up a $214.1 billion deficit in August, double the red ink from a year ago, although a big part of that increase reflected quirks in the calendar. The Treasury Department said Thursday the August deficit pushed the deficit for the first 11 months of...
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