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President Barack Obama’s proposed 2015 budget would increase taxes by $1.4 trillion over the next decade compared with current law, the budget agency said. more
With the onset of spring, New England businesses are relying on improved consumer confidence and higher sales to drive economic recovery after a difficult first quarter affected by severe winter weather, according to the Federal Reserve Board’s Beige Book released Wednesday. more
The number of Americans filling for unemployment insurance payments last week hovered near the lowest level in almost seven years, showing the job market is making progress. more
Geoffrey Lanez of East Providence has been named 2014 American Culinary Federation Northeast Region Student Chef of the Year and will compete for a national title in July. more
The city has started the second year of work in its $40 million road re-surfacing project. Funded with a voter-approved bond in 2012, the road project completed 32 miles of repaving last year and began this year’s work Wednesday on Moses Brown Street in the Wayland Square neighborhood. more
Rhode Island should prioritize its school building improvements and finance them with a “pay-as-you-go” approach, instead of borrowing, which costs the state millions of dollars in interest, a new R.I. Senate task force report has found. more
Superior Court Judge Sarah Taft-Carter on Wednesday denied a motion by the state of Rhode Island to dismiss the pension lawsuit scheduled to go to trial in September, ruling that “a valid contract exists” between retirees and the state regarding promised pension benefits. more
The National Endowment for the Arts has awarded $787,100 in federal matching grants to support new and established art projects, workshops, community arts programs and arts education in Rhode Island. more
Gains in manufacturing are helping power the U.S. out of the winter doldrums, while homebuilding shows signs of lagging behind. more
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
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