Government budgets

European Parliament President David Sassoli talks during a news conference following the recovery financial plan deal at the EU leaders summit, at the European Parliament in Brussels, Wednesday, July 22, 2020. After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro (dollars 2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. (Francois Lenoir, Pool Photo via AP)
July 22, 2020 - 8:24 am
BRUSSELS (AP) — The European Parliament's president criticized Wednesday the cuts to key programs that the EU's 27 leaders approved in the bloc's long-term budget at a marathon summit this week. The seven-year budget worth 1.07 trillion ($1.2 trillion) was negotiated in tandem with a 750 billion-...
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German Chancellor Angela Merkel, left, and French President Emmanuel Macron walk onto the podium prior to a media conference at the end of an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (John Thys, Pool Photo via AP)
July 21, 2020 - 11:00 am
FRANKFURT, Germany (AP) — European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the virus outbreak. Pushed by Germany's Angela Merkel and France's Emmanuel...
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European Commission President Ursula von der Leyen, left, and European Council President Charles Michel bump elbows after addressing a media conference at an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (Stephanie Lecocq, Pool Photo via AP)
July 21, 2020 - 6:33 am
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. EU FINALLY REACHES SUMMIT DEAL To confront the biggest recession in its history, European Union leaders clinched an unprecedented $2.1 trillion budget and coronavirus recovery fund. 2. WHAT...
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German Chancellor Angela Merkel, right, and French President Emmanuel Macron prepare to address a media conference at the end of an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (John Thys, Pool Photo via AP)
July 21, 2020 - 6:22 am
BRUSSELS (AP) — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever. The 27 leaders grudgingly committed to...
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Dutch Prime Minister Mark Rutte, center left, elbow bumps with European Council President Charles Michel, center right, as German Chancellor Angela Merkel, right, walks by during a round table meeting at an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders are expressing cautious optimism that a deal is in sight as they moved into their fifth day of wrangling over an unprecedented budget and coronavirus recovery fund. (Stephanie Lecocq, Pool Photo via AP)
July 21, 2020 - 4:52 am
MITO, Japan (AP) — U.S. lawmakers remained far apart Tuesday on a deal to provide more financial relief for Americans as European leaders thrashed out a plan for their pandemic-ravaged economies. Meanwhile, testing of an experimental vaccine showed it may produce an immune response against the...
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French President Emmanuel Macron, second left, speaks with German Chancellor Angela Merkel during a round table meeting at an EU summit in Brussels, Monday, July 20, 2020. Weary European Union leaders are expressing cautious optimism that a deal is in sight on their fourth day of wrangling over an unprecedented budget and coronavirus recovery fund. (John Thys, Pool Photo via AP)
July 20, 2020 - 11:47 pm
BRUSSELS (AP) — Weary European Union leaders finally clinched an unprecedented 1.82 trillion euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, somehow finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest...
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FILE - In this Thursday, June 18, 2020, file photo, a closed sign hangs in the door of The Market, a long-time restaurant and food store located in Larimer Square, that has closed because of the new coronavirus, in downtown Denver. State governments are pushing for help from Congress to fix budget gaps caused by the coronavirus pandemic and economic shutdowns. (AP Photo/David Zalubowski, File)
July 20, 2020 - 1:05 pm
State governments trying to weather the financial storm brought on by the coronavirus are borrowing billions of dollars and desperately trying to slash costs by furloughing workers, delaying construction projects, cutting aid to schools and even closing highway rest areas. For many states, as well...
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from left, Dutch Prime Minister Mark Rutte, Austria's Chancellor Sebastian Kurz, Finland's Prime Minister Sanna Marin, Sweden's Prime Minister Stefan Lofven and Denmark's Prime Minister Mette Frederiksen meet on the sidelines of an EU summit at the European Council building in Brussels, Sunday, July 19, 2020. Leaders from 27 European Union nations meet face-to-face for a third day of an EU summit to assess an overall budget and recovery package spread over seven years estimated at some 1.75 trillion to 1.85 trillion euros. (AP Photo/Francois Walschaerts, Pool Photo via AP)
July 20, 2020 - 1:43 am
BRUSSELS (AP) — Weary and bleary European Union leaders temporarily broke up their summit at dawn on the fourth day of acrimonious haggling over an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund to tackle the crisis. They committed to pick up the fight...
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A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 20, 2020. Asian shares were mostly lower Monday as investors cautiously eyed the summit of European leaders discussing the pandemic crisis and coronavirus cases continued to soar in the U.S.(AP Photo/Vincent Yu)
July 19, 2020 - 11:49 pm
TOKYO (AP) — Asian shares were mostly lower Monday as investors cautiously eyed the summit of European leaders discussing the pandemic crisis and coronavirus cases continued to soar in the U.S. Japan's benchmark Nikkei 225 lost 0.4% in early trading to 22,616.23. South Korea's Kospi dipped 0.5% to...
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European Council President Charles Michel, center left, speaks with German Chancellor Angela Merkel, third right, French President Emmanuel Macron, second right, and European Commission President Ursula von der Leyen, right, during a meeting on the sidelines of an EU summit at the European Council building in Brussels, Saturday, July 18, 2020. Leaders from 27 European Union nations met face-to-face for a second day of an EU summit to assess an overall budget and recovery package spread over seven years estimated at some 1.75 trillion to 1.85 trillion euros. (AP Photo/Francisco Seco, Pool)
July 18, 2020 - 10:17 pm
BRUSSELS (AP) — European Union leaders on Saturday extended their summit by an extra day in the hope they were finally closing in on a deal for an unprecedented 1.85 trillion euro ($2.1 trillion) EU budget and coronavirus recovery fund. A deal was still far off, but several key nations said...
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