TOKYO (AP) — Japan’s parliament on Friday approved a new agreement with the United States, endorsing Japanese government spending exceeding 1 trillion yen ($8 billion) for hosting U.S. troops as the two sides strengthen their military alliance in the face of growing threat from China and North Korea in the region.
A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out.
Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe, the Organization for Economic Cooperation and Development warned Thursday.
WASHINGTON (AP) — Facing political attacks over rising costs, President Joe Biden exaggerated his role in reducing the federal deficit and skirted responsibility by asserting that a flood of government spending into the economy has no impact at all on higher prices.
WASHINGTON (AP) — President Joe Biden on Tuesday signed a bill providing $13.6 billion in additional military and humanitarian aid to Ukraine as part of a $1.5 trillion government spending measure that omits COVID-19 aid the White House says is urgently needed.
TRENTON, N.J. (AP) — New Jersey Democratic Gov. Phil Murphy proposed a $48.9 billion budget on Tuesday. The plan boosts K-12 funding by $650 million, makes a full public pension payment for the second straight year, redistributes nearly $1 billion in property tax relief and raises overall spending by about 5% over last year's plan.
SEOUL, South Korea (AP) — North Korea plans to increase its government spending on pandemic measures by one-third this year to carry out leader Kim Jong Un’s calls for a more “advanced and people-oriented” virus response, state media said Tuesday.
SANTA FE, N.M. (AP) — Critical decisions on government spending, voting access, public education and criminal justice await New Mexico legislators for their upcoming 30-day legislative session that starts on Tuesday.
WASHINGTON (AP) — Forecasting economic change in a pandemic was always going to be hard. Now omicron, the new COVID-19 variant sweeping across the globe, has made it even harder. Economists and policymakers, after all, have no real-world experience contending with the economic fallout from a worldwide pandemic.
WASHINGTON (AP) — President Joe Biden looked out over an audience of government scientists and framed his latest plan for fighting COVID-19 as an opportunity to at last put an end to divisiveness over the virus, calling the politicization of the issue a “sad, sad commentary.”
DES MOINES, Iowa (AP) — A state audit report on government spending released Monday accused Iowa Gov. Kim Reynolds of using nearly $450,000 in federal coronavirus relief funds to pay salaries for 21 staff members for three months last year and concealing the spending by passing it through the state Department of Homeland Security and Emergency Management.
WASHINGTON (AP) — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020. The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.
RALEIGH, N.C. (AP) — Soon entering the critical phase of North Carolina's budget talks, Democratic Gov. Roy Cooper said Tuesday he would aim to get Republican lawmakers to fund public education improvements a judge says the state must start implementing.
WASHINGTON (AP) — The U.S. economy contracted by a slightly smaller amount last year than previously reported and grew slightly more in 2019 and slightly less in 2018.
Those are the results from the government’s annual benchmark revisions of the gross domestic product, the economy’s total output of goods and services, that were released Thursday.
WASHINGTON (AP) — Gas prices have whizzed past $3 per gallon in much of the nation. The cost of used cars and new furniture, airline tickets, department store blouses, ground beef and a Chipotle burrito are on the rise, too.
President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going — essentially an argument for his agenda. But the employment numbers issued Friday also hinted at the possible limits of how much government aid can be pumped into the world's largest economy.
President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going — essentially an argument for his agenda. But the employment numbers issued Friday also hinted at the possible limits of how much government aid can be pumped into the world's largest economy.
MEXICO CITY (AP) — Mexico is just starting to recover after a coronavirus death toll nearing 350,000, and the vital tourism sector was hit this week by a downgrade of Mexico’s aviation safety rating.
TOKYO (AP) — The Japanese economy contracted at an annual rate of 5.1% in January-March, slammed by a plunge in spending over the coronavirus pandemic, according to government data released Tuesday.
SACRAMENTO, Calif. (AP) — If California Gov. Gavin Newsom avoids getting recalled from office later this year, he could owe a debt of gratitude to a conservative Republican political activist from the 1970s and 1980s...
TALLAHASSEE, Fla. (AP) — A year ago, the Florida Legislature ended its annual session several days late amid fears for the future as the coronavirus pandemic was taking hold...
WASHINGTON (AP) — Forty years ago, a newly elected American president declared government the source of many of the nation's problems, reshaping the parameters of U...
NEW YORK (AP) — After massive U.S. government spending helped send the stock market back to record heights, with even more potentially on the way, the bill may be coming due for the nation's wealthiest investors...
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde said the economy is still “on crutches” and in need of support from both the central bank and government spending as the 19 countries that use the euro limp through extended lockdowns in a third wave of the COVID-19 pandemic...
WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said in an interview broadcast Sunday, though the coronavirus still poses some risk...
JACKSON, Miss. (AP) — Mississippi legislators are set to start voting Sunday on details of a state government spending plan for the year that begins July 1...
NEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and avoid what could have been a second straight weekly loss...
TOKYO (AP) — The Japanese economy grew at an annual rate of 12.7% in October-December, marking the second straight quarter of growth, amid a recovery from the slump caused by the coronavirus pandemic, according to government data released Monday...
The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn't expected to return to pre-pandemic levels until 2024, the Congressional Budget Office said Monday...
WASHINGTON (AP) — Lawmakers are giving themselves more time to sort through their end-of-session business on government spending and COVID-19 relief, preparing a one-week stopgap spending bill that would prevent a shutdown this weekend...
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said...
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said Wednesday.
DUBAI, United Arab Emirates (AP) — Saudi Aramco's net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world's biggest oil producers...
WASHINGTON (AP) — GOP activists want to trigger a constitutional convention with the goal of enacting a federal balanced budget amendment, potentially requiring massive cuts to government spending...
WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year...
WASHINGTON (AP) — A day of shuttle diplomacy on Capitol Hill over a coronavirus aid package produced few results Tuesday, with stark differences between the $3 trillion proposal from Democrats and $1 trillion counteroffer from Republicans as millions of Americans' jobless benefits, school reopenings and eviction protections hang in the balance...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage...
WASHINGTON (AP) — In the fall of 2008, an unlikely alliance of lawmakers, regulators and Bush administration officials banded together to rescue an economy they feared was hours away from collapse...
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy...
WASHINGTON (AP) — The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago, putting the country on track to record its first $1 trillion deficit since 2012...
WASHINGTON (AP) — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the future, a move that would mark a tectonic shift from his stance during his 2016 run for the White House...
The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years...
WASHINGTON (AP) — The Senate passed a $1.4 trillion government spending package Thursday in a last bipartisan burst of legislating before bolting for the holidays from a Capitol riven by impeachment...
WASHINGTON (AP) — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U...