National budgets

Portuguese Economy Minister and chair of the eurogroup Mario Centeno arrives for a meeting of eurozone finance ministers at the EU Council building in Brussels, Monday, Nov. 19, 2018. (AP Photo/Virginia Mayo)
November 19, 2018 - 12:44 pm
FRANKFURT, Germany (AP) — A top eurozone official says the 19 countries that use the euro will push ahead with discussions on a eurozone budget proposed by France and Germany to make the currency union more resistant to crises. Mario Centeno, president of the eurozone finance ministers' group, said...
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November 14, 2018 - 8:05 am
MILAN (AP) — Italian borrowing costs have risen after the populist government resubmitted draft budget proposals without the significant changes sought by the European Commission. The EU's executive branch acknowledged receipt of Italy's letter and said it would issue its response next week. The...
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FILE- In this Oct. 26, 2018, file photo the rising sun silhouettes the U.S. Capitol dome at daybreak in Washington. The Treasury Department issues a report Tuesday, Nov. 13, on how much money Uncle Sam took in and paid out last month. (AP Photo/Alex Brandon, File)
November 13, 2018 - 2:07 pm
WASHINGTON (AP) — The federal government recorded a deficit of $100.5 billion in October, a big increase from a year ago that was primarily caused by quirks in the calendar. The Treasury Department says the deficit shot up 59 percent from the same month a year ago. Last year's October deficit was...
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Italian Economy Minister Giovanni Tria listens to reporters' questions during a joint press conference with Portuguese Finance Minister and head of the Eurogroup Mario Centeno, in Rome, Friday, Nov. 9, 2018. Tria told lawmakers Friday that Italy will stick to its 2019 budget plan, despite EU officials' concerns about a big increase in spending. (AP Photo/Andrew Medichini)
November 13, 2018 - 11:15 am
MILAN (AP) — The International Monetary Fund has warned the Italian government that its plan to sharply increase spending carries "substantial" risks and would leave the country vulnerable to market turmoil. Hours before the Italian populist government faced a deadline to submit a revised budget...
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November 13, 2018 - 2:48 am
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday. However,...
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Italian Finance Minister Giovanni Tria, right, talks to European Commissioner for Economic and Financial Affairs Pierre Moscovici prior to a meeting of Eurogroup Finance Ministers at the European Council headquarters in Brussels, Monday, Nov. 5, 2018. Finance Ministers from the 19 nations using the euro currency gather in Brussels on Monday to debate draft budget plans amid tensions over whether Italy's planned spending package breaks promises to cut public debt. (AP Photo/Francisco Seco)
November 05, 2018 - 4:22 pm
BRUSSELS (AP) — Eurozone finance ministers urged Italy on Monday to respond to European Commission demands for a new budget plan after the EU's executive wing rejected Rome's original spending package. The commission supervises EU countries' budget plans and said it considered the blueprint for...
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FILE - In this Wednesday, March 21, 2018 file photo, Britain's Chancellor Philip Hammond leaves 11 Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London. Britain’s Treasury chief says the country would need a new economic strategy if it leaves the European Union without a deal. Speaking on Sunday, Oct. 29, the day before he delivers his budget in the House of Commons, Philip Hammond told Sky News his plan is based on the idea there will be a deal. If there isn’t one, he says Britain “would need to look at a different strategy and, frankly, we'd need to have a new budget that set out a different strategy for the future." (AP Photo/Kirsty Wigglesworth, File)
October 29, 2018 - 8:40 am
LONDON (AP) — Britain's Treasury chief will splash out on health services in a spending plan to be announced Monday, and signal the easing of eight years of austerity — Brexit permitting. Philip Hammond is set to pledge 2 billion pounds ($2.5 billion) more for mental health services as he delivers...
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October 28, 2018 - 8:47 am
LONDON (AP) — Britain's Treasury chief says the country would need a new economic strategy if it leaves the European Union without a deal. Speaking the day before he delivers his budget in the House of Commons, Philip Hammond told Sky News the plan is based on the idea there will be a Brexit deal...
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Italian Premier Giuseppe Conte answers reporters' questions during a press conference at the foreign press club in Rome, Monday, Oct. 22, 2018. (AP Photo/Gregorio Borgia)
October 22, 2018 - 9:12 am
MILAN (AP) — Italy's leader on Monday indicated his government would stand firm in its plans to ramp up public spending, keeping alive a dispute with the European Union, which is worried the budget would increase the country's high debts. Premier Giuseppe Conte defended the deficit-busting budget...
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Italian Economy Minister Giovanni Tria, left, and European Commissioner for Economic and Financial Affairs Pierre Moscovici meet the media during a press conference in Rome, Thursday, Oct. 18, 2018. Italian leaders say the budget plan will boost economic growth through higher spending, but other EU countries are concerned it will add to Italy's already heavy public debt load. (AP Photo/Gregorio Borgia)
October 18, 2018 - 1:49 pm
BRUSSELS (AP) — The Latest on Italy's plans to ramp up public spending (all times local): 7:45 p.m. The European Commission has chastised Italy for a spending plan that will raise its deficit to three times that which was previously agreed, calling the deviation "unprecedented in the history" of...
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