big increase

WASHINGTON | US October budget deficit jumps to $100.5 billion

WASHINGTON  — 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 said Tuesday that the deficit shot up 59 percent from the same month a year ago. Last year’s October deficit was smaller because … Continue reading WASHINGTON | US October budget deficit jumps to $100.5 billion

ROME | Italian populist leader ‘guarantees’ nation won’t exit euro

ROME— The head of one of Italy’s ruling parties says he guarantees that Italy won’t exit the euro currency bloc nor exceed its targeted deficit limit. Deputy Premier Luigi Di Maio, a coalition leader in the populist government, told reporters Friday that domestic spending cuts plus economic growth spurred by public investment will keep the … Continue reading ROME | Italian populist leader ‘guarantees’ nation won’t exit euro

NEW YORK | Global stocks dip on worries about Italy’s debt; Tesla sinks

NEW YORK — Global stocks are falling Friday after Italy’s new government announced a big increase in spending. Italy’s main stock index fell about 4 percent and other European indexes also took sharp losses as investors worried that the government’s plan will lead to a clash with European Union leaders who want Italy to reduce … Continue reading NEW YORK | Global stocks dip on worries about Italy’s debt; Tesla sinks

WASHINGTON | $92M new estimate for Trump military parade is big increase

WASHINGTON — The Veterans Day military parade ordered up by President Donald Trump would cost about $92 million, U.S. officials said Thursday, citing preliminary estimates more than three times the price first suggested by the White House. According to the officials, roughly $50 million would cover Pentagon costs for aircraft, equipment, personnel and other support … Continue reading WASHINGTON | $92M new estimate for Trump military parade is big increase

France’s Macron pledges big increase in defense budget

PARIS/January 19, 2018 (AP)(STL.News) — French President Emmanuel Macron has pledged to boost defense spending in the coming years to guarantee his country’s domestic security and maintain French military engagement abroad. Addressing soldiers onboard the assault ship Dixmude off the naval base of Toulon, Macron said on Friday he will increase spending by 1.8 billion euros ($2.2 … Continue reading France’s Macron pledges big increase in defense budget