Government finance

FILE - This Aug. 29, 2019, file photo shows the PAC-12 logo at Sun Devil Stadium during the second half of an NCAA college football game between Arizona State and Kent State in Tempe, Ariz. The Pac-12 Conference will allow voluntary workouts on campus for all sports beginning June 15, subject to the decision of each individual school and where allowed by local and state guidelines, the conference announced Tuesday, May 26, 2020. (AP Photo/Ralph Freso, File)
June 02, 2020 - 1:03 pm
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Bowling Green is working with alumni and former players to reinstate the Falcons’ baseball program. The Ohio school announced May 15 it was dropping baseball because of a projected $2 million athletic budget...
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FILE - In this Sunday, March 22, 2020, file photo, Gov. Gina Raimondo gives an update on the coronavirus during a news conference, in Providence, R.I. Many states have yet to spend the federal funding they got to help with soaring costs related to the coronavirus crisis, making it tougher for states and cities to argue that they need hundreds of billions more from U.S. taxpayers. “If I knew today that another billion dollars was coming to Rhode Island to help solve our budget deficit, I’d spend the $1.25 billion now,” Raimondo said about the state's portion of money. “Lots of other governors are spending. They’re taking a gamble, and I’m just not ready to do that yet.” (Kris Craig/Providence Journal via AP, Pool, File)
May 31, 2020 - 8:51 am
Many states have yet to spend the federal funding they received more than a month ago to help with soaring costs related to the coronavirus crisis, complicating governors' arguments that they need hundreds of billions more from U.S. taxpayers. The Associated Press reviewed plans from governors or...
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First grade teachers, Ellie Morgan, 25, left, Hannah Sprayberry, 28, right, pose for a portrait, and say they are taking around 5 per-cent pay cut on Thursday, May 28, 2020, in Fort Oglethorpe, Ga. With sharp declines in state spending projected because of the economic fallout from the COVID-19 pandemic, America's more than 13,000 local school systems are wrestling with the likelihood of big budget cuts. (AP Photo/Brynn Anderson)
May 30, 2020 - 7:13 am
ATLANTA (AP) — It was during the Great Recession when Catoosa County first shortened its school year, from 180 to 175 instructional days, as it began years of furloughs due to budget cuts. As a result of the coronavirus pandemic, the next school year will be shorter still, with only 170 classroom...
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FILE - This Feb. 10, 2020, file photo shows slot machines at the Hard Rock casino in Atlantic City,N.J., that are controlled by gamblers over the internet. The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the U.S. as states deal with huge budget deficits and look for new tax revenue wherever they can find it. (AP Photo/Wayne Parry, FIle)
May 29, 2020 - 11:12 am
ATLANTIC CITY, N.J. (AP) — The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the U.S. as states deal with huge budget deficits and look for new tax revenue wherever they can find it. Most major sports remain shut down due to the virus, but...
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FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)
May 28, 2020 - 11:06 pm
WASHINGTON (AP) — The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...
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Delegates stand during the closing session of China's National People's Congress (NPC) in Beijing, Thursday, May 28, 2020. China's ceremonial legislature has endorsed a national security law for Hong Kong that has strained relations with the United States and Britain. (AP Photo/Mark Schiefelbein)
May 28, 2020 - 10:16 am
BEIJING (AP) — China’s legislature endorsed a national security law for Hong Kong on Thursday that has strained relations with the United States and Britain and prompted new protests in the territory. The National People’s Congress approved the bill as it wrapped up an annual session that was held...
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Emma Hamlet prepares orders received online to be picked up at the Long Beach Surf Shop store her family owns, Wednesday, May 27, 2020, in Long Beach, N.Y. Long Island has become the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus as it enters the first phase of the state's four-step reopening process. (AP Photo/Mary Altaffer)
May 27, 2020 - 4:18 pm
NEW YORK (AP) — Long Island became the latest region of New York to begin easing some restrictions put in place to curb the spread of the coronavirus. Gov. Andrew Cuomo lobbied the president for help with transportation projects. New York City Mayor Bill de Blasio said efforts to fight the virus...
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European Commission President Ursula von der Leyen, right, gestures hello to an MEP prior to addressing the European Parliament plenary in Brussels, Wednesday, May 27, 2020. The European Union is to unveil Wednesday a massive coronavirus recovery plan worth hundreds of billions of euros to help countries rebuild their ailing economies, but the bloc remains deeply divided over what conditions should be attached to the funds. (AP Photo/Olivier Matthys)
May 27, 2020 - 9:42 am
BRUSSELS (AP) — The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over the conditions that should be attached for access to the money. The fund, to be mostly made up...
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May 26, 2020 - 11:06 pm
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances prepared to vote Wednesday on a revised fiscal plan as it warned the island’s surplus could plunge by 65% and that the government is unable to pay current debt obligations. The plan will serve as a blueprint...
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May 26, 2020 - 8:59 pm
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances said Tuesday that the island could be hit with a deficit earlier than expected and see its surplus plunge by 65% in upcoming years, warning the government cannot afford to pay current debt obligations. The...
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