Government budgets

In this April 3, 2020, photo, a man wearing a face mask due to COVID-19 concerns stands outside a check cashing service center in the Brooklyn borough of New York. While millions of U.S. workers have already received a quick relief payment from the federal treasury through direct deposit, millions of others without traditional bank accounts must wait weeks for paper checks. Advocates for the poor say this is an opportunity to get many of those who are unbanked into the formal financial system. (AP Photo/Bebeto Matthews)
May 06, 2020 - 10:53 am
WASHINGTON (AP) — The Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter which will include issuing for the first time since 1986 a 20-year bond. The Treasury faces an unprecedented need for credit because of the trillions of dollars the...
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FILE - In this March 3, 2020, file photo, Hawaii state Department of Health microbiologist Mark Nagata demonstrates the process for testing a sample for coronavirus at the department's laboratory in Pearl City, Hawaii. An Associated Press analysis shows that some of the least-populated states, such as Hawaii, with relatively few coronavirus cases received an out-sized proportion of the $150 billion in federal money that was designed to address virus-related expenses. (AP Photo/Audrey McAvoy, File)
May 05, 2020 - 7:56 pm
Alaska, Hawaii, Montana and Wyoming are not epicenters of the coronavirus pandemic. Yet these four states scored big this spring when Congress pumped out direct federal aid, while the two hardest-hit states, New York and New Jersey, got comparatively little given the vast numbers of cases and...
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FILE - In this Aug. 28, 2019, file photo dozens of supporters of a measure to limit when companies can label workers as independent contractors circle the Capitol during a rally in Sacramento, Calif. California is suing ride-hailing companies Uber and Lyft, alleging they misclassified their drivers as independent contractors under the state's new labor law, AB5, in effect as of Jan. 1. Attorney General Xavier Becerra announced the lawsuit Tuesday, May 5, 2020, during a news conference. (AP Photo/Rich Pedroncelli, File)
May 05, 2020 - 4:35 pm
LOS ANGELES (AP) — California sued ride-hailing companies Uber and Lyft on Tuesday, alleging they misclassified their drivers as independent contractors under the state's new labor law. Attorney General Xavier Becerra and the city attorneys of Los Angeles, San Diego and San Francisco announced the...
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This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)
May 04, 2020 - 5:49 pm
WASHINGTON (AP) — The economic paralysis triggered by the coronavirus pandemic is forcing the U.S. Treasury to borrow far more than it ever has before — $2.99 trillion in the current quarter alone. The amount is more than five times the government’s previous record borrowing for a quarter, $569...
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House Speaker Nancy Pelosi of Calif. adjusts her face mask during a news conference on Capitol Hill Thursday, April 30, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
April 30, 2020 - 11:19 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi said Thursday that state and local governments are seeking up to $1 trillion for coronavirus costs, a stunning benchmark for the next aid package that's certain to run into opposition from Senate Republicans. Pelosi acknowledged the federal government...
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Alex Poam, left, sells gloves to a customer on a street corner in Manhattan, New York, Sunday, April 26, 2020. Poam is studying to be a computer and network technician; after taking online classes most mornings he sells PPE to pedestrians to support himself. (AP Photo/Seth Wenig)
April 27, 2020 - 12:50 pm
In an unprecedented move, New York has canceled its Democratic presidential primary that was scheduled for June 23 amid the coronavirus pandemic. The Democratic members of the State’s Board of Elections voted Monday to nix the primary. New York will still hold its congressional and state-level...
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A woman wears a mask to protect against coronavirus, waits in line for a mobile food pantry at Barclays Center Friday, April 24, 2020, in the Brooklyn borough of New York. (AP Photo/Frank Franklin II)
April 24, 2020 - 8:00 pm
NEW YORK (AP) — New York's daily coronavirus death toll dropped slightly, state leaders braced for a $13.3 billion budget hit, and residents will be receiving applications for mail-in ballots. Details on developments in the coronavirus outbreak in New York: ___ THE NUMBERS New York reported its...
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President Donald Trump signs a coronavirus aid package to direct funds to small businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. Sen. Roy Blunt, R-Mo., left, and Jovita Carranza, administrator of the Small Business Administration look on. (AP Photo/Evan Vucci)
April 24, 2020 - 6:09 pm
WASHINGTON (AP) — Spend what it takes, Washington said as it confronted the coronavirus. Well over $2 trillion later, it’s unclear where that spending will end. One of the lasting legacies of the coronavirus pandemic will be staggering debts and deficits on the U.S. balance sheet, with shortfalls...
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Virginia Senate Clerk Susan Schaar, ties a mask on Virginia State Senator Thomas Norment, R-James City County, as they prepare for the reconvene session at the Science Museum of Virginia Wednesday April 22, 2020, in Richmond, Va. The Senate is meeting in a remote location due to COVID-19 social distancing restrictions. (AP Photo/Steve Helber, Pool)
April 24, 2020 - 12:15 pm
Kentucky Sen. Gerald Neal had a big decision to make as the legislature gathered at the state Capitol for some important votes amid the coronavirus outbreak. His dilemma wasn't simply whether to vote “yes” or “no,” but whether to even enter the state Senate. At age 74 with diabetes and high-blood...
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President Donald Trump pauses while speaking about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 23, 2020, in Washington. (AP Photo/Alex Brandon)
April 24, 2020 - 6:52 am
WASHINGTON (AP) — President Donald Trump will be holding a signing ceremony Friday for a bill providing a nearly $500 billion infusion of coronavirus spending, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one...
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