National budgets

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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This image released by Netflix shows, from left, Isiah Whitlock Jr., Norm Lewis, Clarke Peters, Delroy Lindo and Jonathan Majors in a scene from the Spike Lee film "Da 5 Bloods." (David Lee/Netflix via AP)
June 08, 2020 - 2:59 pm
Here’s a collection curated by The Associated Press’ entertainment journalists of what’s arriving on TV, streaming services and music platforms this week. MOVIES “Da 5 Bloods”: It’s always the right time for a Spike Lee joint and thankfully Netflix has his latest ready to debut Friday. Four...
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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 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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European Commission President Ursula von der Leyen, right, gestures hello to an MEP prior to addressing the European Parliament plenary in Brussels, Wednesday, May 27, 2020. The European Union is to unveil Wednesday a massive coronavirus recovery plan worth hundreds of billions of euros to help countries rebuild their ailing economies, but the bloc remains deeply divided over what conditions should be attached to the funds. (AP Photo/Olivier Matthys)
May 27, 2020 - 1:21 pm
BRUSSELS (AP) — The European Union proposed a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and sought Wednesday to bridge divisions over the conditions that should be attached for access to the money. The fund, to be mostly...
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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 Oct. 1, 2019, file photo, soldiers from China's People's Liberation Army (PLA) Navy let out a yell as they march in formation during a parade to commemorate the 70th anniversary of the founding of Communist China in Beijing. China will boost defense spending by just 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday, May 22, 2020. (AP Photo/Mark Schiefelbein, File)
May 22, 2020 - 1:00 am
BEIJING (AP) — China will increase its defense spending by 6.6% in 2020, the lowest rate in years as it battles an economic crisis brought on by the coronavirus outbreak, the government said Friday. The figure is down from the double-digit percentage increases of just a few years ago that have...
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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 - 10:15 am
FRANKFURT, Germany (AP) — Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as an overdue sign of unity in the face of the worst downturn the bloc has ever seen. Chancellor Angela Merkel broke with her country’s longstanding opposition...
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