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…
UK spending edges up in past week despite weather hit
LONDON – British consumer spending edged up in the week to Feb. 17, but other measures were hurt by a series of winter storms which hit the country, weekly data from the…
IKEA opens first high street mall and IKEA store in UK, eyes London spending spree
By Anna Ringstrom STOCKHOLM – IKEA said on Thursday it would invest £1 billion ($1.4 bln) in London over three years, as it opened the doors to its first high street IKEA…
Obama Treasury Official Blames Federal Spending For Inflation Crisis
Obama Treasury Official Blames Federal Spending For Inflation Crisis Ailan Evans on February 17, 2022 Former Obama administration economic official Steven Rattner pushed back on President Joe Biden’s explanation of the causes…
U.S. Senate expected to hold procedural vote on stopgap spending bill on Thursday
WASHINGTON – The U.S. Senate is expected to hold a procedural vote on a stop-gap funding bill on Thursday, Majority Leader Chuck Schumer said on Wednesday. The spending bill would keep the…
Consumer Spending Surged In January As Inflation Reached Near 40-Year High
Consumer spending surged in January amid soaring inflation, the Commerce Department announced Wednesday. Retail sales grew 3.8% in January, far exceeding the 2.1% Dow Jones estimate, the Commerce Department announced Wednesday. January’s…
Shopify sees slowing revenue growth, higher spending; shares tank
-Canada’s Shopify Inc on Wednesday forecast a slowing pace of revenue growth in the first half of the year, and said it was ramping up spending on a network of fulfillment centers,…
South Florida Man Sentenced to 7 Years in Federal Prison for Multi-Million Dollar Investment Scam Targeting the Elderly, and Spending Investor Money on Gambling, Jewelry, and Luxury Vehicles
Miami, Florida – Yesterday, a federal district judge in Fort Lauderdale sentenced Isaac Grossman, 47, of Parkland, Florida, to 87 months in federal prison for directing an elder fraud scheme in which…
Jill Biden Breaks The Bad News About Free Community College in Democrat Spending Bill
First Lady Jill Biden acknowledged that her key initiative, free community college, would not be included in the Democrats’ spending bill while giving a speech on Monday, The New York Times reported.…
UK consumers slowed their spending as COVID rules returned in January
By William Schomberg LONDON – British consumers slowed the pace of their spending last month as the Omicron COVID-19 wave hit fuel sales and kept people away from bars and restaurants, according…
Siemens to increase research and development spending – CEO
ZURICH – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker of trains…
U.S. construction spending misses expectations in December
WASHINGTON – U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects. The Commerce…
Weaker U.S consumer spending, rising inflation pose dilemma for Fed
By Lucia Mutikani WASHINGTON – U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while annual inflation…
Comcast ramps up spending on Peacock streaming service
By Helen Coster and Eva Mathews – Comcast Corp is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals in the…
U.S. consumers expect spending growth but fewer splurges on non-essentials
By Jonnelle Marte – U.S. consumers expect their monthly spending to grow above pre-pandemic levels this year but people are becoming less likely to spend big on vacations and other non-essential items…
Senate Parliamentarian Blocks Immigration Reform From Democrats’ Spending Bill For Third Time
Senate Parliamentarian Elizabeth MacDonough rejected another Democratic effort to include immigration reform in President Joe Biden’s spending bill. MacDonough’s ruling, which came late Thursday, is Democrats’ latest setback in their bid to…
‘Unprecedented And Unjustified’: Business Groups Slam Biden’s Spending Bill For Eroding ‘Due Process’
The U.S. Chamber of Commerce sent letters to members of Congress on Thursday urging them to cut two sections of President Joe Biden’s spending bill that empower the Federal Trade Commission. The…
Senate Democrats Reportedly Set To Push Biden’s Spending Bill To 2022 And Instead Try To Pass A Voting Bill
Senate Democrats’ hope to pass President Joe Biden’s tax and spending bill before 2022 may be slipping away, leading Majority Leader Chuck Schumer to consider making another Hail Mary attempt to pass…
Two Polls Show Growing Fear That Biden’s Spending Will Make Inflation Worse
Two polls conducted in West Virginia and New Hampshire show that Americans believe President Joe Bident’s spending plans will drive up inflation. A Remington Research Group poll conducted in West Virginia found…
Key Climate Provision In Biden’s Spending Package In Limbo
Democratic West Virginia Sen. Joe Manchin, the likely deciding vote for Democrats’ massive spending package, expressed concerns with the bill’s central climate provision on Wednesday. The West Virginia senator suggested that a…
REPORT: Spending Expected To Soar This Holiday Season While Consumers Remain Concerned Over Inflation And Supply Chain Issues
U.S. consumer spending this holiday season is expected to soar despite growing concerns over inflation and supply chain backlogs that may delay shipping, according to a CNBC survey. Americans, on average, expect…
From Climate Change To Tax Cuts, Major Parts Of Democrats’ $2T Spending Bill May Be On Senate Chopping Block
House Democrats passed President Joe Biden’s nearly $2 trillion spending package Nov. 19 after months of high-stakes negotiations, but it faces an even rockier path through the 50-50 Senate before becoming law.…
Consumer Spending Jumped In October As Consumers Prepared For Holiday Shopping Amid Surging Prices
U.S. consumer spending grew in October as consumers prepared for holiday shopping with inflated prices and continuing supply chain issues. Household spending increased 1.3% in October compared to the previous month, while…
House Sends Biden’s Mammoth Spending Package To Senate With Provisions That Democratic Senators Oppose
The House Friday morning passed its version of President Joe Biden’s spending package, sending the $1.7 trillion bill to the Senate where it is all but certain to be picked apart by…
Group says NJ likes their pork in a roll, not pork rolled into massive progressive spending bill
Jersey First visited the offices of New Jersey congressional members today, dressed in a pig costume and delivering pork roll sandwiches. “Today we visited Representative Tom Malinowski, Andy Kim, Josh Gottheimer, and…
Portland City Council Unanimously Passes Budget That Bumps Law Enforcement Spending By $5.2 Million
The Portland, Oregon, city council passed a budget Wednesday increasing spending on law enforcement after slashing police funds last year. The city council voted unanimously to adopt the “Fall Supplemental Budget” for…
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