Government finance

U.S. Secretary for Defense Mark Esper speaks during a press conference on the first day of the Munich Security Conference in Munich, Germany, Friday, Feb. 14, 2020. (AP Photo/Jens Meyer)b
February 14, 2020 - 7:12 am
MUNICH, Germany (AP) — U.S. Defense Secretary Mark Esper on Friday defended his decision to divert billions of dollars in funding for Navy and Air Force aircraft and other military programs to help pay for President Donald Trump's promised wall on the U.S.-Mexico border. Esper was asked by a...
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FILE - In this Wednesday, Oct. 9, 2019 file photo, a construction worker stands in front of a door with the EU stars at EU headquarters in Brussels. The Brexit process shook the EU foundations and laid bare the need for much-delayed renovations, but tthe question now is where to start the revamp and who is going to foot the bill. (AP Photo/Virginia Mayo, File)
February 14, 2020 - 1:27 am
BRUSSELS (AP) — The Brexit drama shook the foundations of the European Union for years and laid bare the need for much-delayed political renovations at the 27-nation bloc. But now that Britain has finally left, where does the EU revamp even start and who is going to foot the bill? Those questions...
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FILE - This April 6, 2018, file photo shows the leaves of a marijuana plant inside Ultra Health's cultivation greenhouse in Bernalillo, N.M. New Mexico would legalize recreational marijuana sales without exceptions for dissenting cities and counties under a rebooted proposal form legislators that emphasizes small business opportunities and ready access to pot for 80,000 current medical cannabis patients. Legalization for the first time enjoys the full throttled support of second-year Democratic Gov. Michelle Lujan Grisham, who set up a volunteer commission last year to vet health and public safety concerns about recreational cannabis and on Thursday, Jan. 16, 2020, pitched the benefits of the pot economy to a gathering business leaders. (AP Photo/Susan Montoya Bryan, File)
February 13, 2020 - 6:39 pm
SANTA FE, N.M. (AP) — New Mexico's bid to become the 12th U.S. state to legalize recreational use of marijuana abruptly fell flat after state senators in a Legislature dominated by Democrats rejected a bill that would have forced permission for sales in all of the state's cities and towns. In a...
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The moon rises behind the ancient Acropolis hill with the 500 BC Parthenon temple in Athens, on Saturday, Feb. 8, 2020. (AP Photo/Petros Giannakouris)
February 12, 2020 - 5:53 am
Greece's 10-year government bond yield has fallen below 1% for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield dropped Wednesday to 0.957% but remains among the highest borrowing rates in the 19-country eurozone and roughly level...
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FILE - In this June 12, 2018, file photo, Seattle City Council member Kshama Sawant speaks at City Hall in Seattle. Seattle’s elections watchdog has charged Sawant with violating the law by using her office to promote a potential ballot measure that would tax Amazon and other large companies to pay for things like affordable housing. The Seattle Times reports the charges against Sawant were filed Monday, Feb. 10, 2020. (AP Photo/Ted S. Warren, File)
February 11, 2020 - 5:37 pm
SEATTLE (AP) — Seattle’s elections watchdog has charged a city councilwoman with violating the law by using her office to promote a potential ballot measure that would tax Amazon and other large companies to pay for things like affordable housing. The Seattle Times reported the charges against...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth. But officials note a concern that possible spillovers from a deadly virus in China represent a new threat. (AP Photo/Manuel Balce Ceneta, File)
February 11, 2020 - 11:07 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces some risk from the broadening viral outbreak that began in China. Giving the Fed’s semiannual monetary report to Congress,...
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President Donald Trump boards Air Force One to travel to a campaign rally in Manchester, N.H., Monday, Feb. 10, 2020, at Andrews Air Force Base, Md. (AP Photo/Evan Vucci)
February 10, 2020 - 5:22 pm
President Donald Trump is proposing a $900 million increase in education spending to teach skills and trades, in what would be a historic federal infusion into a spending area that's been stagnant for years. The announcement Monday follows Trump's State of the Union push for career and technical...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
Associated Press
February 10, 2020 - 4:22 pm
WASHINGTON (AP) — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles deep, previously rejected cuts to domestic programs like food stamps, Medicaid, and housing as the recipe for wrestling the federal budget back into balance. Trump’s fiscal 2021 plan...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
February 10, 2020 - 2:46 pm
WASHINGTON (AP) — President Donald Trump's fiscal 2021 budget plan doesn't have many fans — among either his GOP allies or opposition Democrats — but it's a measure of the president's priorities as he seeks a second term. News flash: It's short on politically painful cuts to Medicare and Social...
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FILE - In this Aug. 21, 2019 file photo, Puerto Rico's Governor Wanda Vazquez holds a press conference to announce new administrative appointments at the governor's official residence La Fortaleza in San Juan, Puerto Rico. Puerto Rico's fragile economy is facing an uncertain future after Vazquez rejected on Sunday, Feb. 9, 2020, a settlement announced late Sunday with bondholders that would reduce the U.S. territory's public debt by 70%. (AP Photo/Carlos Giusti)
February 09, 2020 - 11:05 pm
SAN JUAN, Puerto Rico (AP) — Puerto Rico's fragile economy is facing an uncertain future after the island's governor rejected a settlement announced late Sunday with bondholders that would reduce the U.S. territory's public debt by 70%. The settlement is the biggest one to date since the island's...
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