Murphy blames GOP for rising energy costs in New Jersey, cites federal spending bill
TRENTON, N.J. — New Jersey Gov. Phil Murphy is blaming Republicans and the Trump Administration for rising energy prices across the state, criticizing a recently signed federal spending bill he says will…
Top Biden Adviser’s Consulting Clients Stand To Benefit From New Gov’t Spending
Top Biden Adviser’s Consulting Clients Stand To Benefit From New Gov’t Spending Gabe Kaminsky on August 16, 2022 A financial disclosure shows White House Senior adviser Anita Dunn has consulted for companies…
U.S. July budget deficit down 30% as COVID spending falls, revenues edge up
WASHINGTON – The U.S. government posted a $211 billion budget deficit for July, a 30% drop from the $302 billion deficit reported in the same month last year, as receipts grew slightly…
Shopify merchant growth falters as weak consumer spending hits businesses
By Nivedita Balu (Reuters) – Businesses stung by rising costs and lower consumer spending are shying away from Shopify’s platform, creating a roadblock in its plan to fix past missteps in overestimating…
Germany wants clearer EU debt rules to rein in spending – govt sources
BERLIN – Germany wants European Union rules on member states’ debt to be enforced more rigorously, government sources said on Friday, setting out reforms sought by Berlin. The rules must be more…
Big Oil offers big returns but keeps spending tight
By Ron Bousso, Shadia Nasralla and Sabrina Valle LONDON – The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter…
Euro area to get back half what it’s spending on war fallout – ECB
FRANKFURT – Euro zone countries are spending more than they will get back to cushion the economic hit from the Ukraine war via fuel subsidies and other support measures, the European Central…
U.S. construction spending dives in June on single-family housing weakness
WASHINGTON – U.S. construction spending tumbled in June as outlays on single-family homebuilding declined sharply amid rising mortgage rates. The Commerce Department said on Monday that construction spending dropped 1.1% in June…
Green Stocks Surge After Dems Agree On Multi-Billion Dollar Spending Package
Green Stocks Surge After Dems Agree On Multi-Billion Dollar Spending Package Jack McEvoy on July 29, 2022 Green energy shares spiked on Thursday after Sen. Joe Manchin of West Virginia agreed to…
U.S. consumer spending beats expectations in June; inflation accelerates
WASHINGTON – U.S. consumer spending increased more than expected in June as Americans paid more for goods and services, with monthly inflation surging by the most since 2005. Consumer spending, which accounts…
Manchin’s Spending Bill Shafts Coal Miners With Massive Tax Hike
Manchin’s Spending Bill Shafts Coal Miners With Massive Tax Hike Jack McEvoy on July 28, 2022 Democratic Sen. Joe Manchin of West Virginia, the nation’s second-largest producer of coal, is backing a…
Dem’s New Spending Bill Imposes Methane Tax To Fund ‘Environmental Justice’ Programs
Dem’s New Spending Bill Imposes Methane Tax To Fund ‘Environmental Justice’ Programs Jack McEvoy on July 28, 2022 Senate Democrats agreed Wednesday to the biggest climate spending package in U.S. history, including…
Yellen says U.S. economy slowing, but still shows job, spending strength
WASHINGTON – U.S. Treasury Secretary Janet Yellen said on Thursday a second quarter contraction of U.S. economic output was a sign of an inevitable slowdown but there was still broad strength in…
SHEFFIELD: Fed Scrambles To Get A Grip On Inflation While Manchin Hands Schumer A Green Spending Spree
SHEFFIELD: Fed Scrambles To Get A Grip On Inflation While Manchin Hands Schumer A Green Spending Spree Carrie Sheffield on July 27, 2022 The Federal Reserve hiking interest rates by three-quarters of…
Loblaw misses revenue estimates as inflation-hit consumers cut spending
(Reuters) -Canadian retail group Loblaw Cos Ltd reported quarterly revenue below estimates on Wednesday as high inflation forces consumers to rein in discretionary spending. With prices for gasoline and food spiking across…
Argentina’s economy chief touts spending adjustment to investors
By Walter Bianchi BUENOS AIRES – Argentina’s new economy minister told a gathering of investors in the United States on Tuesday she had begun an adjustment to government spending supported by all…
UK prime minister hopefuls feud over tax and spending plans
By Andy Bruce and Elizabeth Piper LONDON – The final two candidates in the race to succeed British Prime Minister Boris Johnson clashed on Monday in a televised debate, during which they…
U.S. triples reforestation spending for wildfire devastation
By Andrew Hay (Reuters) – The United States on Monday said it had tripled annual reforestation spending to tackle a four million acre replanting backlog driven by intense, climate-driven wildfires. U.S. Forest…
Analysis-Brazil risk premium soars after Congress breaks spending cap
By Marcela Ayres and Jose de Castro BRASILIA – Brazilian fixed-income markets are pricing in the highest risk levels in years, raising red flags among investors and government officials who see little…
Biden State Department Spending Up To $100K Flying In Africans To Teach Them How To Fight ‘Disinformation’
Biden State Department Spending Up To $100K Flying In Africans To Teach Them How To Fight ‘Disinformation’ Gabe Kaminsky on July 19, 2022 The U.S. Department of State is spending up to…
Hungary approves 2023 budget and deficit cuts after pre-poll spending spree
By Krisztina Than and Anita Komuves BUDAPEST -Hungary’s parliament on Tuesday approved the 2023 budget, which sets out to reduce the budget deficit next year to 3.5% of economic output from a…
‘Knife In The Back’: MSNBC Host Sounds Off On Manchin Killing Biden’s Climate Spending Plan
‘Knife In The Back’: MSNBC Host Sounds Off On Manchin Killing Biden’s Climate Spending Plan Harold Hutchison on July 15, 2022 An MSNBC host decried the demise of Biden’s climate spending plan…
After Devastating Inflation Report, Joe Manchin Takes Blowtorch To Dems’ Plans For More Spending
After Devastating Inflation Report, Joe Manchin Takes Blowtorch To Dems’ Plans For More Spending Max Keating on July 14, 2022 Democratic Sen. Joe Manchin of West Virginia said Congress needs to get…
Brazil Congress approves major spending bill, lifting Bolsonaro re-election hopes
BRASILIA – Brazil’s Congress on Wednesday approved a major spending package that President Jair Bolsonaro is banking on to lift his flagging re-election hopes, despite expectations it will fan double-digit inflation and…
Brazil’s growth spurt shadowed by concerns over spending plans – Reuters poll
By Gabriel Burin BUENOS AIRES – Brazil’s growth spurt this year has been overshadowed by worries about an increasing number of hastily put-together spending plans ahead of October’s presidential vote, dampening the…
Rutgers Athletics Blew $10 Million on Lavish Spending While Public Schools at Shore Short Changed
TRENTON, NJ – After state Democrats gave another $100 million to the Rutgers athletic program, a USA Today report detailed over $10 million in lavish and extreme spending on its athletes, including…
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