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New Jersey Lawmakers Throw Governor Murphy’s Flailing Offshore Wind Agenda an Economic Lifeline
TRENTON, N.J. — A proposed bill in the New Jersey Legislature would create a new tax credit program aimed at supporting manufacturers and clean energy product manufacturers, allocating up to $500 million…
Factbox-How bad is Lebanon’s economic meltdown?
BEIRUT – Lebanon is suffering an economic meltdown that began in 2019 when the financial system collapsed under colossal state debts and the unsustainable way they were funded, while politicians have yet…
Biden, Kishida agree to boost security, economic cooperation amid rising concerns
By David Brunnstrom, Kiyoshi Takenaka and Michael Martina WASHINGTON/TOKYO -U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida agreed in a virtual meeting on Friday to boost cooperation on pressing economic…
Three Middlesex County Individuals Charged with $2.1 Million in Paycheck Protection Program Fraud and Economic Injury Disaster Loan Fraud Schemes
NEWARK, N.J. – Three Middlesex County, New Jersey, residents were arrested today for their roles in fraudulently obtaining over $2.1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster…
China Credits Increased Coal Production For Recent Economic Boost
The Chinese government credited recent energy “policy measures,” including increased coal production, for the increased manufacturing activity boosting its economy. “In November, power shortages eased and prices of some raw materials dropped…
Survey says shoppers cutting back amid economic concerns during holiday shopping
A new Oracle Retail survey shows that consumers have barely made a dent in their holiday shopping. While a September survey showed that 52% of Americans had already started holiday shopping or plan…
Obama Economic Alums Turn On Biden’s Spending Spree
Economic advisers to former President Barack Obama recently criticized President Joe Biden’s spending policies and the administrative handling of growing inflation. A former economic adviser to Obama, Steven Rattner wrote an op-ed…
Husband and Wife Team, and Their Inmate Accomplice, Charged with Fraudulently Obtaining Pandemic Unemployment Assistance Funds and Economic Injury Disaster Loans
PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Brandon Segers, 33, and Dionne Segers, 32, both of Philadelphia, PA, and their inmate accomplice, Michael Matthews, 42, of Richmond, VA,…
Inflation Expected To Surge For At Least Another Year, A Key Economic Indicator Shows
Inflation grew throughout October, increasing for the twelfth consecutive month in a row, according to a key economic indicator. The median consumer expectation shows inflation will grow to 5.7% in the next year,…
US Economic Growth Slowed To 2% In Third Quarter As Supply Chain Worsens
The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains. The U.S. gross domestic product (GDP), a measure…
Pete Buttigieg Predicts More Supply Chain Problems Because Of Biden’s Economic Success — Here’s What The Experts Say
Economic experts pushed back on the Biden administration’s claim that widespread supply chain issues in the U.S. were the result of its successful economic agenda. “Demand is off the charts. Retail sales…
IMF Expects Less Economic Growth From US Amid Supply Chain Chaos
The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health concerns. In the International Monetary Fund’s (IMF) World Economic Outlook report, released Tuesday, the…
Vaccine Mandate Enforcement Threatens To Create A Second Economic Crisis
President Joe Biden announced a vaccine mandate on Sept. 9, causing experts to debate the potential economic impact of the rule. Biden directed the Department of Labor’s Occupational Safety and Health Administration…
REPORT: Private Job Hirings Beat Expectations Amid COVID-19 Scares And Slow Economic Growth
Private companies added 568,000 jobs in September, exceeding expectations as the country faced growing numbers of delta variant cases and slow economic growth, according to a major payroll report. The 568,000 jobs…
Yellen: Raise The Debt Ceiling Or We Will Fall Back Into Economic Recession
Treasury Secretary Janet Yellen said Tuesday that the U.S. could slide back into economic recession if Congress fails to raise the debt ceiling by Oct. 18. “It would be catastrophic to not…
Biden After Meeting With House Democrats About Economic Agenda: ‘We’re Gonna Get This Done’
President Joe Biden told reporters Friday that he was in no rush to see his bipartisan infrastructure bill and budget pass Congress as Democratic divisions over the two slow their path to…
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