Fiscal policy

FILE - In this June 15, 2018, file photo, the Capitol is seen in Washington. On Thursday, July 12, the Treasury Department releases federal budget data for June. (AP Photo/J. Scott Applewhite, File)
July 12, 2018 - 2:59 pm
WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago. The Treasury Department reported Thursday that the June deficit pushed the imbalance so far this year to $...
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July 02, 2018 - 6:17 pm
SAN JUAN, Puerto Rico (AP) — A disagreement over which budget Puerto Rico will use this fiscal year has deepened as the governor of the U.S. territory on Monday signed the version approved by legislators instead of the one implemented by a federal control board over the weekend. Gov. Ricardo...
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June 28, 2018 - 9:09 am
WASHINGTON (AP) — U.S. economic growth in the first quarter was revised down to a lackluster 2 percent — a sharp deceleration and the poorest showing in a year. But economists expect a significant rebound in the current quarter, forecasting a sizzling growth rate of 4 percent or more. The Commerce...
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FILE - In this June 15, 2018, file photo, the Capitol is seen in Washington. The Senate is taking up a $145 billion spending bill to fund the Energy Department and veterans' programs for the next budget year. (AP Photo/J. Scott Applewhite, File)
June 25, 2018 - 6:39 pm
WASHINGTON (AP) — The Senate on Monday approved a $145 billion spending bill to fund the Energy Department and veterans' programs for the next budget year. The 86-5 vote in favor of the bill sends it back to the House, which approved a similar bill this month. Lawmakers hope to send a unified bill...
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A retired woman holds a placard which reads "pensioners no longer want to be taken for milk cows" during a rally in Paris, France, Thursday, June 14, 2018. Thousands of retired French workers have taken to the streets across the country over a tax hike on their pensions. (AP Photo/Michel Euler)
June 14, 2018 - 11:35 am
PARIS (AP) — Thousands of French retirees are protesting across the country over a tax hike on their pensions. Nine unions called on retired workers to demonstrate Thursday against the centrist government's plans to freeze pensions and increase taxes. The tax hike has been in effect since January...
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FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 14, 2018 - 9:59 am
RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible...
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FILE - In this Thursday, Jan. 1, 2015 file photo, euro coins and banknotes are shown by a salesclerk at a shop in Vilnius, Lithuania. Italy's economy minister says the new populist government isn't discussing any proposal to leave the eurozone. Minister Giovanni Tria, in an interview Sunday, June 10, 2018 in Corriere della Sera newspaper, said "not only do we not want to exit" the 19-member shared currency union, but the coalition is determined to act so conditions don't occur to "put our presence in the euro(zone) up for discussion." (AP Photo/Mindaugas Kulbis, File)
June 10, 2018 - 1:35 pm
ROME (AP) — Italy's new populist government isn't considering leaving the eurozone, the country's economy minister insisted, dismissing financial markets' rocky reaction to the euroskeptic coalition now in power as "normal questions that accompany political transition." Economy Minister Giovanni...
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FILE - In this Thursday, May 24, 2018 file photo, then Premier-designate Giuseppe Conte addresses the media after a round of consultations to form the Cabinet ministers, in Rome. Italy will be represented at this week's summit of the world's wealthiest democracies by a political novice whose powers in the new populist government remain to be tested: At best, as an executor of a program he didn't help draft, at worst, as a mediator between two disparate political blocs joined in a marriage of convenience. (Ettore Ferrari/ANSA via AP, File )
June 08, 2018 - 3:54 pm
ROME (AP) — The economist who tried to form an Italian government amid political gridlock said Friday he's "truly worried" that the costly measures on the new populist leaders' agenda will further swell Italy's national debt and trigger a negative reaction by the financial markets. Carlo Cottarelli...
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House Majority Leader Kevin McCarthy, R-Calif., left, joined by Rep. Rick Allen R-Ga., walks to a closed-door GOP meeting in the basement of the Capitol in Washington, Thursday, June 7, 2018. The House on Thursday took up a White House plan to cut almost $15 billion in unused government money, a move that's designed to demonstrate fiscal discipline in Washington even though it wouldn't have much of an impact on spiraling deficits. (AP Photo/J. Scott Applewhite)
June 07, 2018 - 10:31 pm
WASHINGTON (AP) — The House on Thursday only narrowly passed a White House plan to cut almost $15 billion in unused government money, a closer-than-expected tally on legislation that's designed to demonstrate fiscal discipline in Washington even though it wouldn't have much of an impact on...
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June 06, 2018 - 9:18 am
FRANKFURT, Germany (AP) — A top European Central Bank official said Wednesday that policymakers will begin discussions next week on withdrawing the bank's bond-purchase stimulus — suggesting the ECB isn't overly worried by the recent political upheaval in Italy. "Next week, the governing council...
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