National budgets

European Commission Vice-President Valdis Dombrovskis speaks during a media conference at EU headquarters in Brussels, Wednesday, Nov. 21, 2018. A top EU official says Italy's draft budget for next year is in breach of the rulebook underpinning the euro and he is signaling the start of a legal procedure against the country over the spending plan.(AP Photo/Virginia Mayo)
November 21, 2018 - 7:48 am
BRUSSELS (AP) — The European Commission warned Italy on Wednesday that its budget plans are in serious breach of the rules underpinning the euro single currency and said that the country should face sanctions. The European Union's executive arm, which supervises national budget plans, has invited...
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German Chancellor Angela Merkel delivers a speech during the budget debate of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Wednesday, Nov. 21, 2018. (AP Photo/Michael Sohn)
November 21, 2018 - 5:44 am
BERLIN (AP) — Chancellor Angela Merkel on Wednesday rejected calls from nationalist lawmakers for Germany to drop its support for a U.N.-backed agreement on migration. Several countries — including the United States, Hungary, Austria, Israel, Australia and Poland — have announced they won't back...
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Portuguese Economy Minister and chair of the eurogroup Mario Centeno arrives for a meeting of eurozone finance ministers at the EU Council building in Brussels, Monday, Nov. 19, 2018. (AP Photo/Virginia Mayo)
November 19, 2018 - 12:37 pm
FRANKFURT, Germany (AP) — A top eurozone official says the 19 countries that use the euro will push ahead with discussions on a eurozone budget proposed by France and Germany to make the currency union more resistant to crises. Mario Centeno, president of the eurozone finance ministers' group, said...
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November 14, 2018 - 7:05 am
MILAN (AP) — Italian borrowing costs have risen after the populist government resubmitted draft budget proposals without the significant changes sought by the European Commission. The EU's executive branch acknowledged receipt of Italy's letter and said it would issue its response next week. The...
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FILE- In this Oct. 26, 2018, file photo the rising sun silhouettes the U.S. Capitol dome at daybreak in Washington. The Treasury Department issues a report Tuesday, Nov. 13, on how much money Uncle Sam took in and paid out last month. (AP Photo/Alex Brandon, File)
November 13, 2018 - 1:07 pm
WASHINGTON (AP) — The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar. The Treasury Department says the deficit shot up 59 percent from the same month a year ago. Last year's October deficit was...
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Italian Economy Minister Giovanni Tria listens to reporters' questions during a joint press conference with Portuguese Finance Minister and head of the Eurogroup Mario Centeno, in Rome, Friday, Nov. 9, 2018. Tria told lawmakers Friday that Italy will stick to its 2019 budget plan, despite EU officials' concerns about a big increase in spending. (AP Photo/Andrew Medichini)
November 13, 2018 - 10:15 am
MILAN (AP) — The International Monetary Fund has warned the Italian government that its plan to sharply increase spending carries "substantial" risks and would leave the country vulnerable to market turmoil. Hours before the Italian populist government faced a deadline to submit a revised budget...
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November 13, 2018 - 12:18 am
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. The...
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Deputy Premier and Labor Minister Luigi Di Maio talks to reporters during a press conference at the Foreign Press Association headquarters, in Rome, Friday, Nov. 9, 2018. (AP Photo/Andrew Medichini)
November 09, 2018 - 9:19 am
ROME (AP) — The head of one of Italy's ruling parties insisted Friday that the country won't exit the euro currency bloc nor exceed its targeted deficit limit, dismissing the European Union's worries about the populist government's budget strategy. Deputy Premier Luigi Di Maio, who heads the main...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici presents the Autumn 2018 economic forecast at EU headquarters in Brussels, Thursday, Nov. 8, 2018. (AP Photo/Olivier Matthys)
November 08, 2018 - 6:04 am
Economic growth across the 19-country eurozone is set to slow down further in coming years and become increasingly reliant on domestic factors like consumer spending, the European Union said Thursday. In its latest economic projections, the EU's executive Commission said eurozone growth this year...
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Britain's Chancellor of the Exchequer Philip Hammond poses for the media as he holds up the traditional red dispatch box, outside his official residence 11 Downing Street before delivering his annual budget speech to Parliament in London, Monday, Oct. 29, 2018.(AP Photo/Frank Augstein)
October 29, 2018 - 11:26 am
LONDON (AP) — The Latest on the British government's public spending plans (all times local): 4:25 p.m. Britain's U.K. Treasury chief says the government will introduce a tax on big internet companies' revenues, saying the nation could not negotiate forever with other countries in coming up with a...
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