Government finance

FILE - In this March 18, 2020, file photo, Defense Secretary Mark Esper speaks as President Donald Trump listens during press briefing with the coronavirus task force, at the White House in Washington. The government’s $3 trillion effort to rescue the economy from the coronavirus crisis is stirring worry at the Pentagon. Bulging federal deficits may force a reversal of years of big defense spending gains and threaten prized projects like the rebuilding of the nation’s arsenal of nuclear weapons. Esper says the sudden burst of emergency spending to prop up a stalled economy is bringing the Pentagon closer to a point where it will have to shed older weapons faster and tighten its belt. (AP Photo/Evan Vucci, File)
May 11, 2020 - 9:13 pm
WASHINGTON (AP) — The government's $3 trillion effort to rescue the economy from the coronavirus crisis is stirring worry at the Pentagon. Bulging federal deficits may force a reversal of years of big defense spending gains and threaten prized projects like the rebuilding of the nation's arsenal of...
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May 11, 2020 - 4:45 pm
LAS VEGAS (AP) — Governors and legislative leaders from five western states that are coordinating their response to the coronavirus outbreak asked Congress on Monday to send $1 trillion to state and local governments across the U.S. in the next federal aid package. Officials from California,...
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FILE - In this March 7, 2020 file photo, 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. Saudi Arabia announced Monday, May 11, 2020, it is tripling taxes on basic goods to 15% and will cut spending on major projects by around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. (AP Photo/Amr Nabil, File)
May 11, 2020 - 12:47 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia announced Monday it was tripling taxes on basic goods, raising them to 15%, and cutting spending on major projects by around $26 billion as it grapples with blows from the coronavirus pandemic and low oil prices on its economy. Saudi citizens will...
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FILE - In this May 7, 2020, file photo President Donald Trump listens during a meeting about the coronavirus response in the Oval Office of the White House in Washington. Trump is hoping to persuade a Supreme Court with two of his appointees to keep his tax and other financial records from being turned over to lawmakers and a New York district attorney. The justices are hearing arguments by telephone Tuesday, May 12. (AP Photo/Evan Vucci, File)
May 10, 2020 - 7:02 am
WASHINGTON (AP) — President Donald Trump is hoping to persuade a Supreme Court with two of his appointees to keep his tax and other financial records from being turned over to lawmakers and a New York district attorney. The justices are hearing arguments by telephone Tuesday in a pivotal legal...
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In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. President Donald Trump, Treasury Secretary Steven Mnuchin and now the IRS are urging people who received coronavirus relief payments for a deceased taxpayer to return the money to the government. But legal experts say there is no law requiring people do that. (AP Photo/Eric Gay, File)
May 07, 2020 - 5:41 pm
President Donald Trump, Treasury Secretary Steven Mnuchin — and now the IRS — are urging people who received coronavirus relief payments for a deceased taxpayer to return the money to the government. But legal experts say there is no law requiring people do that. Some of the more than 130 million...
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FILE - In this Jan. 23, 1996, file photo, President Bill Clinton gestures while giving his State of the Union address to a joint session of Congress on Capitol Hill, in Washington. When he stood before Congress in 1996 and declared “the era of big government is over,” Clinton gave voice to a doctrine that permeated Democratic politics for more than two decades. Government, while necessary, shouldn't be celebrated if the party wanted to win elections. The coronavirus is changing that. Democrats are enthusiastically embracing the idea of a robust role for government in American life, abandoning concerns they might alienate the relatively narrow slice of independent voters. (AP Photo/Greg Gibson, File)
May 07, 2020 - 2:49 am
WASHINGTON (AP) — When he stood before Congress in 1996 and declared “the era of big government is over,” President Bill Clinton gave voice to a doctrine that permeated Democratic politics for more than two decades. Government, while necessary, shouldn't be celebrated if the party wanted to win...
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Spain's Prime Minister Pedro Sanchez observes a minute silence in memory of the coronavirus victims at the beginning of a parliamentary session in Madrid, Spain, Wednesday May 6, 2020. Spanish Prime Minster Pedro Sanchez is appearing before Spain's Parliament on Wednesday to ask for a fourth two-week extension of the state of emergency that has allowed his government to apply a strict lockdown in response to the COVID-19 outbreak. It appears he will have the support despite losing the backing of the main opposition party. (J.J. Guillen, Pool Photo via AP)
May 06, 2020 - 9:40 am
MADRID (AP) — Spain’s left-wing coalition government has averted — for now — a political crisis on top of the enormous challenge the country already faces from its devastating coronavirus outbreak, which has claimed more than 25,000 lives and severely damaged the economy. Despite losing the backing...
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In this April 3, 2020, photo, a man wearing a face mask due to COVID-19 concerns stands outside a check cashing service center in the Brooklyn borough of New York. While millions of U.S. workers have already received a quick relief payment from the federal treasury through direct deposit, millions of others without traditional bank accounts must wait weeks for paper checks. Advocates for the poor say this is an opportunity to get many of those who are unbanked into the formal financial system. (AP Photo/Bebeto Matthews)
May 06, 2020 - 6:02 am
WASHINGTON (AP) — The Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter which will include issuing for the first time since 1986 a 20-year bond. The Treasury faces an unprecedented need for credit because of the trillions of dollars the...
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In a June 20, 2019 photo, a dealer conducts a card game at the Hard Rock casino in Atlantic City N.J. On Tuesday, May 5, 2020 unions and casino workers in four states called for casinos to provide protective equipment and adopt strict cleaning and health measures before casinos reopen in the U.S. (AP Photo/Wayne Parry)
May 05, 2020 - 1:48 pm
ATLANTIC CITY, N.J. (AP) — Casino workers across the country want their employers to provide them with protective equipment and adopt tough new cleaning and social distancing policies before the gambling halls reopen during the coronavirus outbreak. Union leaders and workers from casinos in Las...
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FILE - In this March 3, 2020, file photo, Hawaii state Department of Health microbiologist Mark Nagata demonstrates the process for testing a sample for coronavirus at the department's laboratory in Pearl City, Hawaii. An Associated Press analysis shows that some of the least-populated states, such as Hawaii, with relatively few coronavirus cases received an out-sized proportion of the $150 billion in federal money that was designed to address virus-related expenses. (AP Photo/Audrey McAvoy, File)
May 05, 2020 - 9:07 am
Alaska, Hawaii, Montana and Wyoming are among the least-populated states in the U.S., and not surprisingly have the lowest numbers of residents who have tested positive for the new coronavirus. But despite their small size, they scored big this spring when Congress pumped out direct federal aid to...
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