Government budget deficits

FILE - In this Dec. 9, 2019, file photo mist rolls over the U.S. Capitol dome on Capitol Hill in Washington. The federal government recorded a budget deficit of $1.88 trillion for the first eight months of 2020, larger than even any annual shortfalls in U.S. history. The sea of red ink grew as government spending shot up to deal with the coronavirus pandemic and tax revenue shrank when millions lost their jobs. (AP Photo/Patrick Semansky, File)
June 10, 2020 - 3:09 pm
WASHINGTON (AP) — The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget year, larger than even any annual shortfalls in U.S. history. The sea of red ink grew as government spending shot up to deal with the coronavirus pandemic and tax revenue...
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FILE - This Aug. 29, 2019, file photo shows the PAC-12 logo at Sun Devil Stadium during the second half of an NCAA college football game between Arizona State and Kent State in Tempe, Ariz. The Pac-12 Conference will allow voluntary workouts on campus for all sports beginning June 15, subject to the decision of each individual school and where allowed by local and state guidelines, the conference announced Tuesday, May 26, 2020. (AP Photo/Ralph Freso, File)
June 02, 2020 - 5:31 pm
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Called out, Bowling Green has saved its baseball program, which had been cut due to the COVID-19 pandemic. Athletic department spokesman Jason Knavel said that baseball is back immediately after “our passionate...
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First grade teachers, Ellie Morgan, 25, left, Hannah Sprayberry, 28, right, pose for a portrait, and say they are taking around 5 per-cent pay cut on Thursday, May 28, 2020, in Fort Oglethorpe, Ga. With sharp declines in state spending projected because of the economic fallout from the COVID-19 pandemic, America's more than 13,000 local school systems are wrestling with the likelihood of big budget cuts. (AP Photo/Brynn Anderson)
May 30, 2020 - 8:13 am
ATLANTA (AP) — It was during the Great Recession when Catoosa County first shortened its school year, from 180 to 175 instructional days, as it began years of furloughs due to budget cuts. As a result of the coronavirus pandemic, the next school year will be shorter still, with only 170 classroom...
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FILE - This Feb. 10, 2020, file photo shows slot machines at the Hard Rock casino in Atlantic City,N.J., that are controlled by gamblers over the internet. The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the U.S. as states deal with huge budget deficits and look for new tax revenue wherever they can find it. (AP Photo/Wayne Parry, FIle)
May 29, 2020 - 12:12 pm
ATLANTIC CITY, N.J. (AP) — The coronavirus pandemic could lead to a quicker expansion of sports betting and internet gambling in the U.S. as states deal with huge budget deficits and look for new tax revenue wherever they can find it. Most major sports remain shut down due to the virus, but...
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FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)
May 29, 2020 - 12:06 am
WASHINGTON (AP) — The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...
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FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)
May 28, 2020 - 5:58 pm
WASHINGTON (AP) — The White House took the unusual step on Thursday of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was...
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A general view of the Philippe-Chatrier tennis court with its new retractable roof during a media tour at Roland Garros stadium in Paris, Wednesday, May 27, 2020. The French open will moving to September from the end of May because of the outbreak of the COVID-19 disease. (AP Photo/Michel Euler)
May 27, 2020 - 5:43 pm
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The athletic department at the University of Kansas has told donors it will make across-the-board pay cuts and furloughs as it faces a budget shortfall of up to 20 percent, even if full football and basketball...
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Emma Hamlet prepares orders received online to be picked up at the Long Beach Surf Shop store her family owns, Wednesday, May 27, 2020, in Long Beach, N.Y. Long Island has become the latest region of New York to begin easing restrictions put in place to curb the spread of the coronavirus as it enters the first phase of the state's four-step reopening process. (AP Photo/Mary Altaffer)
May 27, 2020 - 4:50 pm
NEW YORK (AP) — Long Island became the latest region of New York to begin easing some restrictions put in place to curb the spread of the coronavirus. Gov. Andrew Cuomo lobbied the president for help with transportation projects. New York City Mayor Bill de Blasio said efforts to fight the virus...
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A child plays on a grid in the San Agustin neighborhood of Caracas, Venezuela, Saturday, May 16, 2020. President Nicolas Maduro is relaxing quarantine measures over the weekend by allowing children and older adults out of their homes for a few hours each day. (AP Photo/Matias Delacroix)
May 17, 2020 - 12:12 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — California resident who attended church on Mother's...
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Mayor Michael Hancock listens as chief financial officer Brendan Hanlon speaks during a briefing in Denver on Thursday, May 14, 2020, on the state of the Denver's budget, city employee furloughs and the resumption of business after closures due to the coronavirus. (AAron Ontiveroz/The Denver Post via AP)
May 14, 2020 - 10:04 pm
DENVER (AP) — Denver Mayor Michael Hancock said Thursday that thousands of city employees, including himself, will be furloughed for eight days this year to help close what is expected to be a $226 million budget gap caused by the coronavirus, joining mayors across the country that have made the...
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