Government finance

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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In this Thursday, March 7, 2019 photo, New Mexico state Rep. Javier Martinez of Albuquerque, right, rallies support for a bill to authorize recreational marijuana consumption and sales through state-owned stores in Santa Fe, N.M. New Mexico took a step toward legalizing recreational marijuana when its House approved a bill that would allow state-run stores and require customers to carry a receipt with their cannabis or face penalties. The measure, narrowly approved Thursday, March 7, 2019, following a late-night floor debate, mixes major provisions of a Republican-backed Senate bill that emphasizes aggressive regulation with a draft by Democrats concerned about the U.S. war on drugs. (AP Photo/Morgan Lee)
March 12, 2019 - 9:13 pm
SANTA FE, N.M. (AP) — New Mexico would become the first U.S. state to set up its own government-operated marijuana stores and subsidize medical cannabis for the poor under a bill brokered between Republicans and Democrats, as a new wave of states weighs legislation that would legalize recreational...
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In this March 8, 2019 file photo, President Donald Trump talks with reporters outside the White House in Washington. As a presidential candidate, Donald Trump promised not to cut Social Security, Medicare, or Medicaid. In the White House, Trump went back on his promise not to cut Medicaid. Now he’s being criticized for steep Medicare payment cuts to hospitals in his new budget. The head of a major hospital association says in a blog that the impact on care for seniors would be “devastating.” The White House says it’s not cutting Medicare but making better use of taxpayers’ dollars. (AP Photo/ Evan Vucci)
March 12, 2019 - 3:08 pm
WASHINGTON (AP) — Democrats are accusing President Donald Trump of going back on his campaign promise to protect Medicare after he introduced a 2020 budget that calls for steep cuts in Medicare payments to hospitals. The budget embodies long-standing Republican ambitions "to make Medicare wither on...
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Office of Management and Budget Acting Director Russell Vought testifies before the House Budget Committee on Capitol Hill in Washington, Tuesday, March 12, 2019, during a hearing on the fiscal year 2020 budget. (AP Photo/Susan Walsh)
March 12, 2019 - 10:54 am
WASHINGTON (AP) — The White House's top budget official acknowledged Tuesday that the federal deficit is ballooning to $1.1 trillion alongside the Republican tax plan but vowed the fiscal picture would improve as a result of projected economic growth. Russ Vought, acting director of the Office of...
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Acting OMB Director Russ Vought speaks during a press briefing at the White House, Monday, March 11, 2019, in Washington. (AP Photo/ Evan Vucci)
March 11, 2019 - 8:41 pm
WASHINGTON (AP) — The Latest on President Donald Trump's proposed 2020 budget (all times local): 9:35 p.m. Hospital groups are objecting strongly to hundreds of billions of dollars in proposed Medicare and Medicaid payment cuts in President Donald Trump's budget. Two major hospital trade groups did...
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President Donald Trump waves as he walks on the South Lawn after stepping off Marine One at the White House, Sunday, March 10, 2019, in Washington. Trump is returning from a trip to Mar-a-Lago, in Palm Beach, Fla. (AP Photo/Alex Brandon)
March 11, 2019 - 5:26 pm
WASHINGTON (AP) — President Donald Trump is giving little indication in his latest budget proposal of any new policy ambitions for the coming two, or six, years. Trump's budget plan increases spending on his border wall and the military but is light on fresh ideas heading into his re-election...
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House Budget Committee Chair John Yarmuth, D-Ky., walks through the Capitol in Washington, Monday morning March 11, 2019, as President Donald Trump's 2020 budget is delivered to his committee. Trump's new budget calls for billions more for his border wall, with steep cuts in domestic programs but increases for military spending. (AP Photo/J. Scott Applewhite)
March 11, 2019 - 3:51 pm
WASHINGTON (AP) — "Medicare for All" has become catnip for Democratic presidential candidates and many lawmakers, yet Republicans prepping for next year's congressional races are also flocking to it — for entirely different reasons. GOP strategists say they'll use proposals to expand government-run...
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