Government finance

Delegates applaud as Chinese President Xi Jinping arrives for the opening session of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, Friday, May 22, 2020. (AP Photo/Ng Han Guan, Pool)
May 22, 2020 - 2:21 am
BEIJING (AP) — China’s No. 2 leader on Friday promised higher spending to revive its pandemic-stricken economy and curb surging job losses but steered clear of launching a massive stimulus on the scale of the United States or Japan. Premier Li Keqiang, in a speech to legislators, said Beijing would...
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This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa. U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market. The Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)
May 21, 2020 - 9:46 am
WASHINGTON (AP) — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the...
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A woman looks at signs at a store closed due to COVID-19 in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)
May 21, 2020 - 7:39 am
WASHINGTON (AP) — More than 2.4 million people applied for U.S. unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread business shutdowns two months ago and sent the economy into a deep recession. Roughly 38.6 million people have now filed...
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German Chancellor Angela Merkel speaks during a press conference following a joint video conference with French President Macron in Berlin, Germany, Monday, May 18, 2020. One topic was the Corona Pandemic and its consequences. (Kay Nietfeld/dpa via AP)
May 19, 2020 - 11:13 am
FRANKFURT, Germany (AP) — Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as a political breakththrough and an overdue sign of unity in the face of the worst downturn the bloc has ever seen. Chancellor Angela Merkel broke with her...
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German Chancellor Angela Merkel talks to French President Emmanuel Macron, connected by video, during a press conference after a joint video conference in Berlin, Germany, Monday, May 18, 2020. One topic was the corona pandemic and its consequences. (Kay Nietfeld/dpa via AP)
May 18, 2020 - 11:03 am
BERLIN (AP) — Germany and France jointly proposed a 500 billion-euro ($543 billion) recovery fund Monday to boost European economies hit by the coronavirus pandemic. In a joint statement, German Chancellor Angela Merkel and French President Emmanuel Macron said the fund would see European Union...
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Gov. John Bel Edwards speaks Monday, May 11, 2020, at his media briefing on the state's COVID-19 response at the State Capitol in Baton Rouge, La., announcing that his stay-at-home directive will end with the Phase 1 reopening of the state on Friday, May 15. Dr. Alex Billioux, M.D., right, assistant secretary of health for the La. Dept. of Health's Office of Public Health, looks on. (Travis Spradling/The Advocate via AP, Pool)
May 16, 2020 - 8:55 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: __ Venezuela sees its largest one-day virus increase...
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FILE - In this Aug. 16, 2019 file photo, Puerto Rico Gov. Wanda Vazquez speaks during an interview with the Associated Press at the official residence La Fortaleza, in San Juan, Puerto Rico. Vazquez announced on Saturday, May 16, 2020, that she will hold a non-binding referendum in November to decide whether Puerto Rico should become a U.S. state. (AP Photo/Dennis M. Rivera Pichardo, File)
May 16, 2020 - 1:24 pm
SAN JUAN, Puerto Rico (AP) — Gov. Wanda Vázquez announced on Saturday that she will hold a nonbinding referendum in November to decide whether Puerto Rico should become a U.S. state, a move that comes amid growing disillusion with the island’s U.S. territorial status. For the first time in the...
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May 15, 2020 - 9:02 pm
UNITED NATIONS (AP) — China is going after the United States over more than $1 billion that the Trump administration owes the United Nations in unpaid dues for its regular operating budget and arrears for the separate budget for the U.N.’s far-flung peacekeeping operations. The unusual singling out...
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FILE - In this Jan. 7, 2019, file photo, California Gov. Gavin Newsom, left, talks with U.S. House Speaker Nancy Pelosi in Sacramento, Newsom has hung his hopes for avoiding drastic California budget cuts squarely on the federal government. His budget proposal Thursday, May 14, 2020 warned of $14 billion in cuts to public education and other areas if Congress doesn't approve more coronavirus-related funding. (AP Photo/Rich Pedroncelli, File)
May 15, 2020 - 7:14 pm
SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom may call California a nation state, but he's hanging his hopes for avoiding drastic state budget cuts squarely on the federal government. The money may not come easily in a divided Congress, even with two Californians in the top roles in the U.S. House...
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FILE - In this Sept. 18, 2017, file photo, two people sleep on a street in downtown Portland, Ore. Voters in metropolitan Portland will be asked Tuesday, May 19, 2020 to approve taxes on personal income and business profits that would raise $2.5 billion over a decade to fight homelessness even as Oregon grapples with the coronavirus pandemic and its worst recession in decades. (AP Photo/Ted S. Warren, File)
May 15, 2020 - 3:46 pm
PORTLAND, Ore. (AP) — Voters in metropolitan Portland, Oregon, will be asked Tuesday to approve taxes on personal income and business profits that would raise $2.5 billion over a decade to fight homelessness even as the state grapples with the coronavirus and its worst recession in years. The...
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