Government finance

March 21, 2019 - 4:44 pm
WASHINGTON (AP) — The U.S. Marine commandant is warning that some unexpected costs, including from major hurricane damage and unplanned deployments to the U.S.-Mexico border, are forcing him to cancel training exercises and will degrade combat readiness. Gen. Robert Neller says in a memo that the...
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Federal Reserve Chair Jerome Powell listens to a reporter's question during a news conference in Washington, Wednesday, March 20, 2019. (AP Photo/Susan Walsh)
March 20, 2019 - 3:58 pm
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...
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Retired coal miner John Robinson uses a nebulizer during his daily breathing treatments for black lung disease on Thursday, Jan. 24, 2019 in Coeburn, Va. Robinson was 47 when he was diagnosed with black lung disease, part of a new generation of black lung sufferers who are contracting the deadly disease at younger ages. (AP Photo/Dylan Lovan)
March 20, 2019 - 12:48 am
COEBURN, Va. (AP) — Former coal miner John Robinson's bills for black lung treatments run $4,000 a month, but the federal fund he depends on to help cover them is being drained of money because of inaction by Congress and the Trump administration. Amid the turmoil of the government shutdown this...
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FILE - In this Monday, March 4, 2019, file photo, Kevin Hassett, chairman of the White House Council of Economic Advisers, talks to media outside of the White House in Washington. Contrary to most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation’s infrastructure. (AP Photo/Carolyn Kaster)
March 18, 2019 - 11:13 pm
Contrary to the views of most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation's infrastructure. The annual report from President Donald Trump's Council of...
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March 18, 2019 - 1:38 pm
MADISON, Wis. (AP) — Foxconn Technology Group said Monday that its manufacturing facility in Wisconsin will be producing flat-screen panels by the end of 2020, with construction starting later this year. The news came after the worldwide electronics manufacturing leader sent mixed signals earlier...
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March 18, 2019 - 12:55 pm
BERLIN (AP) — The United States is bristling at the suggestion Germany might miss its own defense spending target, which is already short of the NATO goal. Finance Minister Olaf Scholz's budget plan, which is to be presented to cabinet on Wednesday, foresees Germany's defense spending rising to 1...
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FILE - In this Feb. 25, 2019, file photo, Education Secretary Betsy DeVos, left, acting White House chief of staff Mick Mulvaney, center, and Louisiana Gov. John Bel Edwards talks before President Donald Trump arrives to speak at the 2019 White House Business Session with Our Nation's Governors in the State Dining Room of the White House in Washington. As the White House grappled with growing Republican defection against President Donald Trump’s use of an emergency declaration to try to build his promised border wall, his acting White House chief of staff wasn’t on the Hill working former colleagues or at the White House making calls. (AP Photo/Carolyn Kaster, File)
March 16, 2019 - 1:19 pm
WASHINGTON (AP) — As President Donald Trump struggled with mounting Republican defections over his emergency declaration to pay for a border wall, his acting White House chief of staff wasn't on Capitol Hill cajoling former colleagues or in the West Wing making calls. Instead, Mick Mulvaney was in...
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In this March 14, 2019, photo, acting Defense Secretary Patrick Shanahan goes before the Senate Armed Services Committee to discuss the Department of Defense budget, on Capitol Hill in Washington. To a remarkable degree, the Pentagon’s new budget proposal is shaped by national security threats that Shanahan has summarized in three words: “China, China, China.” (AP Photo/J. Scott Applewhite)
March 16, 2019 - 8:57 am
WASHINGTON (AP) — Chinese bombers. Chinese hypersonic missiles. Chinese cyberattacks. Chinese anti-satellite weapons. To a remarkable degree, the 2020 Pentagon budget proposal is shaped by national security threats that acting Defense Secretary Patrick Shanahan has summarized in three words: "China...
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This Feb. 13, 2019, shows multiple forms printed from the Internal Revenue Service web page that are used for 2018 U.S. federal tax returns in Zelienople, Pa. For taxpayers who itemize, the 2 percent miscellaneous itemized deduction was a handy catchall bucket for expenses such as investment fees and expenses and tax-preparation fees. It wasn’t easy to qualify for this deduction, your expenses had to top 2 percent of your adjusted gross income before you could claim them, but it was a nice option to have. (AP Photo/Keith Srakocic)
March 15, 2019 - 10:56 am
Americans will face a slew of new rules during the first tax-filing season with the Tax Cuts and Jobs Act of 2017 in effect. Here's what changed for investors: 1. NO DEDUCTION FOR INVESTMENT EXPENSES For taxpayers who itemize, the 2 percent miscellaneous itemized deduction was a handy catchall...
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March 14, 2019 - 9:26 am
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO'-shin) is suggesting he will protect President Donald Trump's privacy if he receives a request from House Democrats for Trump's tax returns. At a House Ways and Means Committee hearing Thursday, Mnuchin was asked whether he would meet a...
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