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Saturday, October 24, 2020
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Tag: Government finance

Four years in, Trump has plenty of unfinished business

WASHINGTON (AP) — President Donald Trump swept into office nearly four years ago as an outsider who promised to get things done quickly on...

School districts face hard choices amid pandemic-era cuts

SCHENECTADY, N.Y. (AP) — The school year in this old industrial city started with a whack of a budget ax. Teachers, classroom aides and...

Jacob Lawrence painting missing for 60 years rediscovered

A painting by American artist Jacob Lawrence that has not been seen in public for 60 years has been found and will soon take...

US NATO allies still short on defense spending aims

BRUSSELS (AP) — U.S. allies in Europe and Canada have increased defense spending for a sixth consecutive year but most of them will still...

California theme park closures hit jobs, shops, budget

California's amusement parks have been pining to reopen for months, hoping to bring back thousands of workers sent home in March when the coronavirus...

German arrest order for Panama Papers lawyers faces hurdle

PANAMA CITY (AP) — A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal...

UK government borrowing hits record due to pandemic

LONDON (AP) — The COVID-19 pandemic is battering Britain’s public finances, pushing government borrowing to a record last month as tax revenue fell and...

Report: Tax records show Trump tried to land China projects

WASHINGTON (AP) — President Donald Trump spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president...

Awash in red ink: US posts record $3.1T 2020 budget deficit

WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous...

Trump’s election-eve drug discounts for seniors get snagged

WASHINGTON (AP) — President Donald Trump’s plan to mail millions of seniors a $200 prescription savings card has hit legal and budget roadblocks, making...

The Latest: Trump raises $247.8M in Sept., far behind Biden

WASHINGTON (AP) — The latest on the presidential campaign (all times local): ...

DOJ charges Texas billionaire in $2 billion tax fraud scheme

SAN FRANCISCO (AP) — Federal prosecutors charged Texas billionaire Robert Brockman on Thursday with a $2 billion tax fraud scheme in what they say...

Sweden wants to up defense budget due to regional tensions

STOCKHOLM (AP) — Sweden’s left-leaning government on Thursday proposed a 40% increase for its defense budget from 2021-2025 with the defense minister saying the...

Japanese director known for single shots releases Zoom film

TOKYO (AP) — The Japanese director who shot to stardom with a zombie movie featuring a delightfully long single shot has for his latest...

Trump lawyers ask Supreme Court to halt tax record turnover

WASHINGTON (AP) — President Donald Trump on Tuesday asked the Supreme Court to put on hold an appeals court ruling that Trump's accountant must...

WTO says EU can put tariffs on $4 billion of US goods

GENEVA (AP) — International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to $4 billion worth of...

Polish leader vows to veto EU budget in face of ‘blackmail’

WARSAW, Poland (AP) — Poland's ruling party leader is threatening to veto the European Union's economic recovery plan and long-term budget if the bloc...

Trump vs. Biden: Where they stand on health, economy, more

WASHINGTON (AP) — Amid the tumult of the 2020 presidential campaign, one dynamic has remained constant: The Nov. 3 election offers voters a choice...

Wisconsin tells Foxconn no tax credits without new deal

MADISON, Wis. (AP) — Wisconsin told Foxconn Technology Group on Monday that it won't qualify for billions of dollars in state tax credits unless...

Global watchdog proposes tax overhaul for Big Tech

LONDON (AP) — A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their...

COVID-19 relief pushes U.S. budget deficit to a record $3.1T

WASHINGTON (AP) — New, eye-popping federal budget figures released Thursday show an enormous $3.1 trillion deficit in the just-completed fiscal year, a record swelled...

To dodge sanctions Venezuela turns to Asia asphalt giant

MIAMI (AP) — Back in January, a yearlong campaign of U.S. sanctions was taking its toll at Venezuela’s state-run oil company. Many of PDVSA’s...

IRS chief: agency reaching out on pandemic relief payments

WASHINGTON (AP) — The head of the IRS, on the defensive over millions of Americans in danger of missing coronavirus relief payments, said Wednesday...

Spain unveils economic recovery plan amid pandemic

LISBON, Portugal (AP) — Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by spending 140 billion euros...

EU official touts extra billions for Western Balkans

SKOPJE, North Macedonia (AP) — The European Union’s enlargement commissioner said Wednesday that the bloc is seeking to secure another 20 billion euros ($24...

US judge: IRS can’t keep coronavirus money from inmates

BOISE, Idaho (AP) — A U.S. judge says the IRS can't keep withholding coronavirus relief payments from incarcerated people, potentially clearing the way for...

New chairman to lead board overseeing Puerto Rico’s finances

SAN JUAN, Puerto Rico (AP) — A bankruptcy and corporate law professor will be the new chairman of a federal control board that oversees...

Australia plans massive pandemic budget, record deficit

CANBERRA, Australia (AP) — The Australian government on Tuesday announced plans to cut income taxes, create jobs for young people and stimulate business investment...

Toomey says he won’t run for another Senate term or governor

BETHLEHEM, Pa. (AP) — Republican U.S. Sen. Pat Toomey of Pennsylvania will not seek reelection in 2022 and plans to leave public service, he...

Greece’s economy to shrink by estimated 8.2% this year

ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking...

California voters to consider property tax overhaul

SAN DIEGO (AP) — For decades, California's system of limiting property tax increases has been deemed sacrosanct, a third rail for any politician. The...

Boeing picks South Carolina over Seattle for 787 production

SEATTLE (AP) — Boeing said Thursday it will shut down the original assembly line for its two-aisle 787 jetliner near Seattle and consolidate the...

Police departments seeing modest cuts, but not ‘defunding’

DAVENPORT, Iowa (AP) — The racial justice protests following the death of George Floyd earlier this year prompted calls to “defund the police” in...

Check’s in the mail? Trump doling out aid before election

CHICAGO (AP) — It's almost as if he's writing a personal check. ...

Subway bread isn’t bread, Irish court says

LONDON (AP) — Ireland’s Supreme Court has ruled that bread sold by the fast food chain Subway contains so much sugar that it cannot...

Vatican releases financial, budget data amid scandal

ROME (AP) — The Vatican released a detailed budget, balance sheet and earning statement for the first time Thursday as it sought to reassure...

Trump business deductions: sketchy, normal or in-between?

NEW YORK (AP) — The massive losses Donald Trump has claimed on his tax returns were reportedly due at least in part to the...

Chaotic first debate: Taunts overpower Trump, Biden visions

CLEVELAND (AP) — The first debate between President Donald Trump and Democratic challenger Joe Biden deteriorated into bitter taunts and near chaos Tuesday night...

Chaotic first debate: Taunts overpower Trump, Biden visions

CLEVELAND (AP) — The first debate between President Donald Trump and Democratic challenger Joe Biden deteriorated into bitter taunts and near chaos Tuesday night...

The Latest: Trump casts election doubts, Biden urges voting

WASHINGTON (AP) — The Latest on the 2020 presidential election (all times local): ...

California governor vetoes bill to aid low-income immigrants

SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom has vetoed a bill that would have authorized California to give low-income immigrants $600 to buy groceries. ...

Biden releases 2019 taxes as pre-debate contrast with Trump

WASHINGTON (AP) — Democratic presidential nominee Joe Biden paid nearly $288,000 in federal income taxes last year, according to returns he released just hours...

German minister says debt won’t reach financial crisis level

BERLIN (AP) — Germany's debt load won't reach the level it did in the financial crisis a decade ago as a result of the...

Ethics experts see national security concern in Trump’s debt

WASHINGTON (AP) — Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow that ethics...

Ethics experts see national security concern in Trump’s debt

WASHINGTON (AP) — Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow over his...

Times’ tax story is talker, but perceptions mostly hold

NEW YORK (AP) — Orlando Sentinel Editor-in-Chief Julie Anderson was curious how readers in polarized central Florida would react to her newspaper leading Monday's...

NY Times: Trump paid $750 in US income taxes in 2016, 2017

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White...

Trump’s tax revelation could tarnish image that fueled rise

WASHINGTON (AP) — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and...

Trump’s tax revelation could tarnish image that fueled rise

WASHINGTON (AP) — The bombshell revelations that President Donald Trump paid just $750 in federal income taxes the year he ran for office and...

NY Times: Trump paid $750 in US income taxes in 2016, 2017

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White...

Joe Biden: Vacancy about health law, not court expansion

WILMINGTON, Del. (AP) — Democratic presidential candidate Joe Biden wants voters to see Republicans’ push for a speedy Supreme Court confirmation as an end-run...

Romania’s ruling party upbeat after municipal elections

BUCHAREST, Romania (AP) — Exit polls published in Romania Sunday after voting ended in the country’s municipal elections indicated that the balance of power...

California to close prison amid declining inmate numbers

SACRAMENTO, Calif. (AP) — California next year will close a prison holding about 1,500 male inmates, Gov. Gavin Newsom’s administration said Friday in its...

Appeals court hears fight over Trump tax returns — again

NEW YORK (AP) — A federal appeals court tested the waters on a potential compromise, but didn't immediately rule Friday after arguments in President...

EU Commission appeals after losing Apple $15B tax case

LONDON (AP) — The European Commission said Friday it is appealing a court decision that Apple doesn't have to repay 13 billion euros ($15...

The Latest: UN panel says corruption hits the poor hardest

UNITED NATIONS (AP) — The Latest from the U.N. General Assembly (all times EDT): ...

Trump lawyers: DA’s fight for tax returns built on innuendo

NEW YORK (AP) — A New York prosecutor engaged in a long-running battle to obtain Donald Trump’s tax returns is resorting to “speculation and...

Germany: 8 more charged in Volkswagen diesel scandal

BERLIN (AP) — German prosecutors said Wednesday they have filed charges against eight more Volkswagen employees accused of involvement in the company's diesel scandal,...

German Cabinet approves 2021 budget with high borrowing

Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen...

House easily passes stopgap funding bill, averting shutdown

WASHINGTON (AP) — In a sweeping bipartisan vote that takes a government shutdown off the table, the House passed a temporary government-wide funding bill...

Ginsburg’s death exposes fragility of health law protection

WASHINGTON (AP) — With COVID-19 the newest preexisting condition, the Obama-era health law that protects Americans from insurance discrimination is more fragile following the...

Democrats unveil temporary funding bill to avert shutdown

WASHINGTON (AP) — Democrats controlling the House unveiled a government-wide temporary funding bill on Monday that would keep federal agencies fully up and running...

Watchdog: Millions in danger of missing virus relief payouts

WASHINGTON (AP) — Millions of Americans are in danger of missing coronavirus relief payments of up to $1,200 per individual because of incomplete government...

Soaring wealth during pandemic highlights rising inequality

WASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in...

Stopgap bill to prevent shutdown held up over farm funding

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground...

Stopgap bill to prevent shutdown held up over farm funding

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground...

New California law expands tax credit for immigrants

SACRAMENTO, Calif. (AP) — California will give tax breaks to more immigrants — including those living in the country illegally — under a new...

Google receives $25M tax break from Nevada to build facility

RENO, Nev. (AP) — Google will receive more than $25 million in tax breaks after pledging an additional $600 million for a new data...

US companies seeking tariff relief faced red tape, delays

WASHINGTON (AP) — Companies seeking relief from President Donald Trump’s taxes on imported steel and aluminum ran into long delays and cumbersome paperwork, a...

US drops tax on Canada aluminum, heading off retaliation

WASHINGTON (AP) — The Trump administration said Tuesday that it is dropping taxes on Canadian aluminum, easing tensions with a close ally just hours...

Dutch government unveils budget overshadowed by virus

THE HAGUE, Netherlands (AP) — The Dutch government plans to invest in protecting jobs and businesses during the coronavirus crisis but warned Tuesday as...

The Latest: Biden vows to ‘restore dignity for everyone’

WASHINGTON (AP) — The Latest on the U.S. presidential campaign (all times local): ...

AP EXPLAINS: Biden’s sizable but not radical tax plans

ATLANTA (AP) — President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American...

US budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the...

Pentagon rescinding order to shutter Stars and Stripes paper

WASHINGTON (AP) — The Defense Department is rescinding its order to shut down the military’s independent newspaper, Stars and Stripes, in the wake of...

European Central Bank’s stimulus program to keep on rolling

FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program...

Now hiring: California offers credits to small businesses

SACRAMENTO, Calif. (AP) — With millions of people out of work in California, Gov. Gavin Newsom on Wednesday signed a law giving tax breaks...

States plan for cuts as Congress deadlocks on more virus aid

Spending cuts to schools, childhood vaccinations and job-training programs. New taxes on millionaires, cigarettes and legalized marijuana. Borrowing, drawing from rainy day funds and...

Trump to campaign in Florida, N.C. battlegrounds on Tuesday

WASHINGTON (AP) — President Donald Trump will highlight his environmental agenda as he campaigns in the battleground states of Florida and North Carolina on...

Trump won’t let Pentagon close Stars and Stripes newspaper

WASHINGTON (AP) — President Donald Trump said Friday that he won't allow the Pentagon to cut funding for the military's independent newspaper, Stars and...

Amazon expanding to 25,000 workers in Seattle suburb

BELLEVUE, Wash. (AP) — The Seattle suburb of Bellevue may soon be Amazon’s unofficial “HQ3.” ...

Portland’s grim reality: 100 days of protests, many violent

PORTLAND, Ore. (AP) — Once hailed as one of the most livable U.S. cities, Portland, Oregon, is grappling with an uncertain future as it...

LA to furlough 15,000 workers because of virus losses

LOS ANGELES (AP) —...

Budget deficit to hit record $3.3T due to virus, recession

WASHINGTON (AP) — The...

Budget deficit to hit record $3.3T due to virus, recession

WASHINGTON (AP) — The...

California OKs bill to flex power on prescription drugs

SACRAMENTO, Calif. (AP) —...

Trump administration allows deferral of Social Security tax

WASHINGTON (AP) — The...

Facebook to pay $125 million in back taxes to France

PARIS (AP) — Facebook’s...

Israel’s Netanyahu accepts compromise, avoids election

JERUSALEM (AP) — Israeli...

California wildfires some of largest in state history

SAN FRANCISCO (AP) —...

Seattle mayor to veto City Council’s cuts to police, budget

SEATTLE (AP) — Seattle...

EU agrees to cut taxes on US lobsters in modest trade pact

WASHINGTON (AP) — Maine...

UK public debt breaches 2 trillion-pound mark for first time

LONDON (AP) — Britain's...

Old format, new problem: Biennial legislatures face COVID-19

CARSON CITY, Nev. (AP)...

US suspends extradition and tax agreements with Hong Kong

WASHINGTON (AP) — The...

Appeals court: On 2nd thought, tax bikini latex clubs

AUSTIN, Texas (AP) —...

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