National budgets

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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October 28, 2018 - 7:47 am
LONDON (AP) — Britain's Treasury chief says the country would need a new economic strategy if it leaves the European Union without a deal. Speaking the day before he delivers his budget in the House of Commons, Philip Hammond told Sky News the plan is based on the idea there will be a Brexit deal...
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Italian Prime Minister Giuseppe Conte speaks during a joint news conference with Russian President Vladimir Putin (not pictured) in the Kremlin in Moscow, Russia, Wednesday, Oct. 24, 2018. Italian Prime Minister Giuseppe Conte is holding talks with Russian officials on his first trip to Moscow. (Sergei Chirikov/Pool Photo via AP)
October 27, 2018 - 5:37 am
MILAN (AP) — Italy's premier has welcomed Standard & Poor's decision to maintain Italy's rating while still lowering the financial outlook for the country to "negative" from "stable." Premier Giuseppe Conte said Saturday the decision by the ratings agency was "correct in light of the economic...
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Italian Premier Giuseppe Conte answers reporters' questions during a press conference at the foreign press club in Rome, Monday, Oct. 22, 2018. (AP Photo/Gregorio Borgia)
October 22, 2018 - 8:12 am
MILAN (AP) — Italy's leader on Monday indicated his government would stand firm in its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts. Premier Giuseppe Conte defended the deficit-busting budget...
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An investor walks in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Monday, Oct. 22, 2018. Asian markets were mixed on Monday although Chinese benchmarks rallied after officials put a positive spin on the country’s slowing economy. (AP Photo/Yam G-Jun)
October 22, 2018 - 6:21 am
SINGAPORE (AP) — World markets rose on Monday, brushing off potential concerns about slower growth in China and a downgrade in Italy's credit rating over its plans to ramp up public spending. KEEPING SCORE: Germany's DAX added 0.6 percent to 11,624 and France's CAC-40 was 0.4 percent higher at 5,...
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Italian Deputy Premier and League leader Matteo Salvini greets supporters during a rally in Mezzocorona, northern Italy, Friday, Oct. 19, 2018. (Daniel Mosna/ANSA via AP)
October 20, 2018 - 3:24 am
ROME (AP) — Italy's deputy premier is brushing off a ratings downgrade and vowing to forge ahead with the government's rule-busting budget as Italy prepares to respond to European Union concerns about its high deficit targets. International credit rating agency Moody's late Friday downgraded Italy'...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici talks to the media during a press conference, in Rome, Friday, Oct. 19, 2018. The European Union's presidency says Italy must change it draft budget because otherwise the country would only threaten its own financial health as well as that of its partners. (AP Photo/Andrew Medichini)
October 19, 2018 - 12:13 pm
MILAN (AP) — The European Union's budget chief sought to ease tensions with Rome on Friday over Italy's rule-busting budget, after markets reacted by pushing up Italy's borrowing costs to the highest levels in five years. Pierre Moscovici told reporters in Rome that he did not see a risk of...
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Italian Economy Minister Giovanni Tria, left, and European Commissioner for Economic and Financial Affairs Pierre Moscovici meet the media during a press conference in Rome, Thursday, Oct. 18, 2018. Italian leaders say the budget plan will boost economic growth through higher spending, but other EU countries are concerned it will add to Italy's already heavy public debt load. (AP Photo/Gregorio Borgia)
October 19, 2018 - 4:56 am
MILAN (AP) — Italy's financial markets are shaken following the European Union's stinging rebuke of the new populist government's budget bill, which pushes the deficit far beyond previously agreed levels. Italy's government borrowing rose, with the yield on the benchmark 10-year bond on Friday...
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Italy's Interior Minister and Deputy-Premier Matteo Salvini, right, and Italian Premier Giuseppe Conte attend a press conference on Italy's budget law, at Chigi Palace Premier office, in Rome, Monday, Oct. 15, 2018. (Giuseppe Lami/ANSA via AP)
October 16, 2018 - 8:14 am
MILAN (AP) — Italy's populist government was heading into a budget battle with the European Union after disregarding pointed warnings to ease up on spending promises that have shattered previous deficit pledges and threaten Italy's ability to lower its heavy debt load. The EU Commission President...
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US Capitol Building
© Joe Ravi | Dreamstime.com
October 15, 2018 - 1:10 pm
WASHINGTON (AP) — The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday that the deficit climbed $113...
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