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 the fallout of the coronavirus crisis. The budget plan calls for spending of 413.4 billion euros ($485 billion) next year, down from this year’s exceptionally high 508.5 billion euros, a figure […]

Dutch government to unveil budget overshadowed by virus

THE HAGUE, Netherlands (AP) — The Dutch government plans to invest in protecting jobs during the coronavirus crisis but warned Tuesday in a speech delivered by King Willem-Alexander ahead of the unveiling of the national budget that the country must brace for the harsh economic impact of the pandemic. The country’s finance minister will unveil […]

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 Treasury Department said Friday. The ocean of red ink is a product of the government’s massive spending to try to cushion the impact of a coronavirus-fueled recession that has cost millions […]

Caccie’s Bridal Closet Offers Inclusive Styles for Every Body and Budget

SIMSBURY, Conn. (WTNH)– For many brides-to-be, having the perfect dress is a crucial part of their wedding day. At Caccie’s Bridal Closet in Simsbury, they have hundreds of dress options and safety protocols in place to make finding a dress during the COVID-19-pandemic easy.  CEO Cassandre Edouard said she wants every bride to feel special […]

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

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. The spike in the deficit means that federal debt will exceed […]

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

SEATTLE (AP) — Seattle Mayor Jenny Durkan said Friday she will veto City Council-approved proposals that would include reducing the police department by as many as 100 officers through layoffs and attrition. The council’s proposals approved last week were supported by demonstrators who have marched in the city following the police killing of George Floyd […]

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 reducing government workers’ pay.

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 reducing government workers’ pay. These are some actions states are considering to shore up their finances amid a sharp drop in tax revenue caused by the economic fallout from the COVID-19 […]

In Seattle, a Black police chief resigns over budget cuts

SEATTLE (AP) — Efforts to cut spending on police — a key demand of anti-racism demonstrators across the nation — have claimed an unlikely target: Seattle’s first Black police chief, who enjoyed deep support in its minority communities, is stepping down in protest. Carmen Best announced her retirement Monday night, just hours after the City […]

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