Government finance

In this Monday, June 1, 2020 photo, local customers sit in a terrace bar in downtown Barcelona. Spain is waiting until July to reopen its border for foreign tourists. In the meantime, authorities are encouraging Spaniards to vacation inside at home. (AP Photo/Emilio Morenatti)
June 04, 2020 - 5:21 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. ________________________ DOUBLE-DIGIT DROPS: — The Buckle's sales declined...
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In this Wednesday, June 3, 2020 photo, signs about social distancing and other protocols are seen about the theme park as guests walk by at Universal Orlando Resort Wednesday, June 3, 2020, in Orlando, Fla. The theme park reopened for season pass holders and will open to the general public on Friday, June 5. (AP Photo/John Raoux)
June 04, 2020 - 4:00 pm
ORLANDO, Fla. (AP) — With masks on their faces and temperature checks at entrances, Harry Potter fans and roller coaster lovers streamed back into Universal Orlando Resort this week in one of the first major steps toward reviving Florida’s theme park industry, which was left temporarily moribund by...
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FILE -- In this Thursday, March 12, 2020 file photo the President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany. The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. (AP Photo/Michael Probst, file)
June 04, 2020 - 9:03 am
FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus...
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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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Senate Minority Leader Sen. Chuck Schumer of N.Y., center, arrives for a news conference on Capitol Hill in Washington, Tuesday, May 12, 2020. (AP Photo/Patrick Semansky)
June 01, 2020 - 8:06 pm
WASHINGTON (AP) — The Congressional Budget Office said Monday that the U.S. economy could be $15.7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus. The CBO, which had already issued a report forecasting a...
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FILE - In this Sunday, March 22, 2020, file photo, Gov. Gina Raimondo gives an update on the coronavirus during a news conference, in Providence, R.I. Many states have yet to spend the federal funding they got to help with soaring costs related to the coronavirus crisis, making it tougher for states and cities to argue that they need hundreds of billions more from U.S. taxpayers. “If I knew today that another billion dollars was coming to Rhode Island to help solve our budget deficit, I’d spend the $1.25 billion now,” Raimondo said about the state's portion of money. “Lots of other governors are spending. They’re taking a gamble, and I’m just not ready to do that yet.” (Kris Craig/Providence Journal via AP, Pool, File)
May 31, 2020 - 9:51 am
Many states have yet to spend the federal funding they received more than a month ago to help with soaring costs related to the coronavirus crisis, complicating governors' arguments that they need hundreds of billions more from U.S. taxpayers. The Associated Press reviewed plans from governors or...
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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 - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve will issue the first loans under its groundbreaking Main Street Lending program in a “few days,” Powell said Friday, May 29. (AP Photo/Jacquelyn Martin)
May 29, 2020 - 2:21 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed's Main Street Lending is geared toward...
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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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