Government budgets

FILE - In this Thursday, June 18, 2020, file photo, a closed sign hangs in the door of The Market, a long-time restaurant and food store located in Larimer Square, that has closed because of the new coronavirus, in downtown Denver. State governments are pushing for help from Congress to fix budget gaps caused by the coronavirus pandemic and economic shutdowns. (AP Photo/David Zalubowski, File)
Associated Press
July 20, 2020 - 1:05 pm
State governments trying to weather the financial storm brought on by the coronavirus are borrowing billions of dollars and desperately trying to slash costs by furloughing workers, delaying construction projects, cutting aid to schools and even closing highway rest areas. For many states, as well...
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This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)
Associated Press
May 04, 2020 - 5:49 pm
WASHINGTON (AP) — The economic paralysis triggered by the coronavirus pandemic is forcing the U.S. Treasury to borrow far more than it ever has before — $2.99 trillion in the current quarter alone. The amount is more than five times the government’s previous record borrowing for a quarter, $569...
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A woman wears a mask to protect against coronavirus, waits in line for a mobile food pantry at Barclays Center Friday, April 24, 2020, in the Brooklyn borough of New York. (AP Photo/Frank Franklin II)
Associated Press
April 24, 2020 - 8:00 pm
NEW YORK (AP) — New York's daily coronavirus death toll dropped slightly, state leaders braced for a $13.3 billion budget hit, and residents will be receiving applications for mail-in ballots. Details on developments in the coronavirus outbreak in New York: ___ THE NUMBERS New York reported its...
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President Donald Trump speaks about the coronavirus in the Rose Garden of the White House, Tuesday, April 14, 2020, in Washington. (AP Photo/Alex Brandon)
Associated Press
April 15, 2020 - 5:54 am
WASHINGTON (AP) — President Donald Trump said he was cutting off U.S. payments to the World Health Organization during the coronavirus pandemic, accusing the organization of failing to do enough to stop the virus from spreading when it first surfaced in China. Trump, who had telegraphed his...
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President Donald Trump speaks about the coronavirus in the Rose Garden of the White House, Tuesday, April 14, 2020, in Washington. (AP Photo/Alex Brandon)
Associated Press
April 14, 2020 - 9:24 pm
WASHINGTON (AP) — President Donald Trump said Tuesday that he was cutting off U.S. payments to the World Health Organization during the coronavirus pandemic, accusing the organization of failing to do enough to stop the virus from spreading when it first surfaced in China. Trump, who had...
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FILE - In this March 18, 2020, file photo, the Washington Monument and the U.S. Capitol are seen in Washington, at sunrise. Congress is considering ways to govern from afar during the coronavirus pandemic. Lawmakers are talking this week about whether it's possible to conduct virtual committee meetings, particularly to oversee how the $2.2 trillion stimulus money is being spent. And they're considering ways to pass virus-related legislation without requiring every lawmaker to be present. (AP Photo/Carolyn Kaster, File)
Associated Press
April 10, 2020 - 2:30 pm
WASHINGTON (AP) — The federal government's budget deficit for the first half of this budget year totaled $743.6 billion, up 7.6% from last year, and well on its way to topping $1 trillion even before the impacts of the coronavirus were felt. The Treasury Department reported Friday that the deficit...
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Florida Gov. Ron DeSantis speaks about the COVID-19 virus during a news conference at the Florida Department of Health on Monday, March 2, 2020, in Miami. Florida officials are trying to reassure residents that the risk posed by a new strain of coronavirus remains low, despite revelations that two people have become the first in the state to be confirmed to have the virus. (AP Photo/Brynn Anderson)
Associated Press
March 02, 2020 - 8:18 pm
MIAMI (AP) — The Trump administration on Monday reassured governors that they will be reimbursed for at least some of the costs of responding to the spread of the coronavirus, as several states began setting aside millions of dollars to head off a public health crisis. Florida Gov. Ron DeSantis...
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FILE - This Tuesday, Sept. 24, 2019, file photo shows the White House in Washington. (AP Photo/Carolyn Kaster, File)
Associated Press
February 09, 2020 - 6:49 pm
WASHINGTON (AP) — Confronted with the threat of trillion-dollar-plus deficits for as far as the eye can see, President Donald Trump is offering a $4.8 trillion budget plan for the upcoming fiscal year that rehashes previously rejected spending cuts while leaving Social Security and Medicare...
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The Capitol is seen as defense arguments by the Republicans resume in the impeachment trial of President Donald Trump on charges of abuse of power and obstruction of Congress, in Washington, Monday, Jan. 27, 2020. (AP Photo/J. Scott Applewhite)
Associated Press
January 28, 2020 - 2:12 pm
WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. The Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes...
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The White House
Alex Wong/Getty Images
Associated Press
January 16, 2020 - 10:20 am
WASHINGTON (AP) — The federal government's watchdog agency says the a White House office violated federal law in withholding security assistance to Ukraine aid. The Government Accountability Office says the White House Office of Management and Budget violated the law in holding up the assistance...
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