Government spending

FILE- In this Feb. 27, 2019, file photo Federal Reserve Board Chair Jerome Powell gestures while speaking before the House Committee on Financial Services hearing on Capitol Hill in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Pablo Martinez Monsivais, File)
May 01, 2019 - 2:28 pm
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation. The Fed left its benchmark rate — which influences many consumer and...
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FILE - In this March 21, 2018, file photo Nancy Pelosi of Calif., and Senate Majority Leader Mitch McConnell of Ky., attend a Congressional Gold Medal Ceremony honoring the Office of Strategic Services in Emancipation Hall on Capitol Hill in Washington. Pelosi and McConnell are coming together to see if a deal can be made to stop billions of dollars in government spending cuts. Failure to reach an agreement would usher in cuts to the Pentagon and domestic programs of $125 billion next year _ a 10 percent drop from current levels.(AP Photo/Andrew Harnik, File)
April 28, 2019 - 12:47 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell, Washington's odd couple, have a limited set of mutual legislative interests in a capital beset by dysfunction and awash in presidential politics. But automatic spending cuts, the legacy of a budget breakdown...
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FILE - In this Dec. 31, 2018, photo a Washington state ferry sails on a foggy day near cranes at the Port of Seattle. On Friday, April 26, 2019, the Commerce Department issues the first estimate of how the U.S. economy performed in the January-March quarter. (AP Photo/Ted S. Warren, File)
April 26, 2019 - 10:56 am
WASHINGTON (AP) — The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic product...
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In this Tuesday, April 9, 2019, photo, workers sewing clothing for export at an garment factory in Donghai county in east China's Jiangsu province. China's economic growth held steady in the latest quarter despite a tariff war with Washington, suggesting Beijing's efforts to reverse a slowdown might be gaining traction. (Chinatopix via AP)
April 16, 2019 - 10:25 pm
SHANGHAI (AP) — China's economic growth held steady in the latest quarter despite a tariff war with Washington, in a reassuring sign that Beijing's efforts to reverse a slowdown might be gaining traction. The world's second-largest economy expanded by 6.4% over a year earlier in the three months...
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FILE- In this March 7, 2019, file photo visitors to the Pittsburgh veterans job fair meet with recruiters at Heinz Field in Pittsburgh. On Friday, April 5, the U.S. government issues the March jobs report. (AP Photo/Keith Srakocic, File)
April 05, 2019 - 5:10 pm
WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 29, 2019. Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing. (AP Photo/Ahn Young-joon)
March 29, 2019 - 1:50 am
SINGAPORE (AP) — Mainland Chinese markets led Asian indexes higher on Friday, as the U.S. and China kicked off a fresh round of trade talks in Beijing. The Shanghai Composite index advanced 2.9 percent to 3,081.11 and Hong Kong's Hang Seng jumped 1 percent to 29,055.99. South Korea's Kospi gained 0...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, March 29, 2019. Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing. (AP Photo/Ahn Young-joon)
March 28, 2019 - 10:38 pm
SINGAPORE (AP) — Asian markets were mostly higher on Friday as U.S. and Chinese officials kicked off a fresh round of trade talks in Beijing. The Shanghai Composite index added 0.6 percent to 28,944.33 and Hong Kong's Hang Seng jumped 1.7 percent to 3,044.63. South Korea's Kospi gained 0.3 percent...
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FILE- In this Tuesday, March 5, 2019, file photo the Cape Kortia container ship, left, heads into the Port of Tacoma in Commencement Bay in Tacoma, Wash. On Thursday, March 28, the Commerce Department issues the final estimate of how the U.S. economy performed in the October-December quarter. (AP Photo/Ted S. Warren, File)
March 28, 2019 - 10:10 am
WASHINGTON (AP) — U.S. economic growth slowed sharply in the fourth quarter last year to an annual rate of just 2.2 percent. There are concerns that growth has slowed even more in the first quarter this year as global weakness, fading government stimulus and rising trade tensions take a toll on the...
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Chinese President Xi Jinping and Chinese Premier Li Keqiang arrive for the closing session of the National People's Congress in Beijing's Great hall of the People on Friday, March 15, 2019. (AP Photo/Ng Han Guan)
March 15, 2019 - 4:44 am
BEIJING (AP) — China's No. 2 leader has sought to defuse tensions with Washington and Europe over technology and other issues by promising to treat foreign and domestic competitors equally. Speaking at the end of China's 10-day annual legislative session, Premier Li Keqiang also denied Friday that...
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Acting OMB Director Russ Vought speaks during a press briefing at the White House, Monday, March 11, 2019, in Washington. (AP Photo/ Evan Vucci)
March 11, 2019 - 8:41 pm
WASHINGTON (AP) — The Latest on President Donald Trump's proposed 2020 budget (all times local): 9:35 p.m. Hospital groups are objecting strongly to hundreds of billions of dollars in proposed Medicare and Medicaid payment cuts in President Donald Trump's budget. Two major hospital trade groups did...
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