National budgets

Brothers Victor Ochoa, 7, right, Jesus Ochoa, 5, second from right, Mariano Ochoa 9, second from left, and their mother Mariana Ochoa run in front of their home in Chicago, Friday, May 22, 2020. Chicago Run's at-home fitness programs have become an essential part of the family's routine during the coronavirus pandemic. (AP Photo/Nam Y. Huh)
May 24, 2020 - 9:51 am
CHICAGO (AP) — Mariana Ochoa worries about the effect of the COVID-19 crisis on her three boys. Their school is closed. She can't take them to their favorite park at the moment. There is no backyard at their home on the southwest side of Chicago. The fitness routines she gets from Chicago Run are a...
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May 22, 2020 - 8:21 pm
SEATTLE (AP) — Mitsubishi Heavy Industries is cutting hundreds of jobs in Washington state and shuttering its U.S. operations for the troubled SpaceJet project, the company said Friday. “Due to the budget directives, Mitsubishi Aircraft will close its overseas locations and consolidate activities...
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FILE - In this March 30, 2020, file photo, a man jogs past the Olympic rings in Tokyo. Tokyo Olympic CEO Toshiro Muto talked Thursday, May 21, about the need to take “countermeasures” to combat COVID-19 at next year's postponed games. (AP Photo/Jae C. Hong, File)
May 21, 2020 - 10:44 pm
DENVER (AP) — The U.S. Olympic and Paralympic Committee is eliminating 51 positions and furloughing 33 more as part of a dramatic cut in staffing designed to trim up to 20% of its budget to respond to shortfalls caused by the coronavirus pandemic. “I am overwhelmed by the magnitude of this change...
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People sit at a cafe in Milan, Italy, Monday, May 18, 2020. On Monday, Italians enjoyed a first day of regained freedoms, including being able to sit down at a cafe or restaurant, shop in all retail stores or attend church services such as Mass. (Marco Alpozzi/LaPresse via AP)
May 20, 2020 - 7:30 am
BRUSSELS (AP) — The European Union signaled Wednesday that it will not punish member countries for breaking the bloc’s deficit rules to tackle the coronavirus but that it could condition their access to sorely-needed recovery funds on them following its advice on how to manage their budgets. The 27...
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German Chancellor Angela Merkel speaks during a press conference following a joint video conference with French President Macron in Berlin, Germany, Monday, May 18, 2020. One topic was the Corona Pandemic and its consequences. (Kay Nietfeld/dpa via AP)
May 19, 2020 - 12:13 pm
FRANKFURT, Germany (AP) — Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as a political breakththrough and an overdue sign of unity in the face of the worst downturn the bloc has ever seen. Chancellor Angela Merkel broke with her...
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German Chancellor Angela Merkel talks to French President Emmanuel Macron, connected by video, during a press conference after a joint video conference in Berlin, Germany, Monday, May 18, 2020. One topic was the corona pandemic and its consequences. (Kay Nietfeld/dpa via AP)
May 18, 2020 - 2:57 pm
BERLIN (AP) — The leaders of Germany and France agreed Monday on a one-off 500 billion-euro ($543 billion) fund to help the European Union recover from the coronavirus pandemic, a proposal that would add further cash to an arsenal of financial measures the bloc is readying to cope with the outbreak...
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May 15, 2020 - 10:02 pm
UNITED NATIONS (AP) — China is going after the United States over more than $1 billion that the Trump administration owes the United Nations in unpaid dues for its regular operating budget and arrears for the separate budget for the U.N.’s far-flung peacekeeping operations. The unusual singling out...
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New Zealand Prime Minister Jacinda Ardern, right, walks with Deputy Prime Minister Winston Peters to the house for the budget delivery speech at Parliament in Wellington, New Zealand, Thursday, May 14, 2020. New Zealand's government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. (Hagen Hopkins/Pool Photo via AP)
May 13, 2020 - 11:40 pm
WELLINGTON, New Zealand (AP) — New Zealand’s government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. Finance Minister Grant Robertson on Thursday unveiled a budget unlike any in the nation's history. Debt would...
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FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said Tuesday, May 12, 2020 that the government racked up a shortfall of $737.9 billion last month. That was more than three times larger than the previous record monthly deficit of $235 billion set in February. (AP Photo/J. Scott Applewhite, File)
May 12, 2020 - 4:34 pm
WASHINGTON (AP) — The federal government piled up a record deficit in April, traditionally a month of big budget surpluses. The sea of red ink is being created by a drop in revenue and a massive increase in spending to fund efforts to deal with the coronavirus pandemic. The Treasury Department said...
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FILE - In this April 2, 2019, file photo, Australian Treasurer Josh Frydenberg addresses the media as he arrives at Parliament House in Canberra, Australia. Treasurer Frydenberg said the country faces a “sobering” economic outlook due to the effects of the coronavirus and said it would have the largest deficit in its history when a revised budget is released in October. (AP Photo/Rod McGuirk, File)
May 12, 2020 - 4:41 am
CANBERRA, Australia (AP) — Australia's treasurer said Tuesday the country faces a “sobering” economic outlook due to the effects of the coronavirus and will have its largest-ever deficit when a revised budget is released in October. The 2020-21 federal budget was due to be released Tuesday. But the...
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