Politics
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(Updated, 6:33 p.m.) Responding to the abrupt cancellation of a Wednesday press conference expected to announce details of a settlement in the state’s pension battle with public employee unions, Rhode Island legislative leaders said the only thing the General Assembly can do is “wait and see” how the settlement unfolds. more
BOSTON – As part of a settlement with H&R Block subsidiary Sand Canyon Corp., which formerly operated as Option One Mortgage Corp., Massachusetts has distributed close to $5 million to borrowers affected by the company’s alleged predatory lending practices, Attorney General Martha Coakley announced last week. more
The death by veto of a bill empowering the Providence Redevelopment Agency to construct new buildings “is not going to stop us” from helping Brown University revive the former South Street Power Station, according to Providence Economic Development Director James Bennett. more
Direct state and local government spending in Rhode Island increased 1.1 percent between fiscal 2010 and fiscal 2011, less than the 1.7 percent increase nationally, according to a report from the Rhode Island Public Expenditure Council released Tuesday. more
Rep. Joseph M. McNamara, D-Warwick, has introduced legislation designed to expedite the R.I. Department of Health’s “certificate of need” process that caused pain-management company Pentec Health to stop treating its Rhode Island patients last year. more
U.S. stocks fell, after the first back-to-back weekly decline since August for the Standard & Poor’s 500 Index, as lawmakers remained deadlocked over extending the nation’s debt limit to avoid a default. more
Since Congress has taken off on its annual summer recess, you might assume that nothing is happening on Capitol Hill that could affect the taxes you pay on your home. Quite the reverse. more
The Rhode Island Center for Freedom & Prosperity on Tuesday published a report outlining specific ways the state can trim $200 million in non-essential spending to fund tax cuts in the fiscal year 2015 state budget. more
Unemployment benefits for 1.3 million people in the U.S. are poised to end Dec. 28 as Democrats failed in their last-ditch effort to extend the jobless assistance before the House adjourns tomorrow. more
The chief executives of large banks including Goldman Sachs Group Inc. will meet with President Barack Obama this week as Wall Street urges Congress to end the budget stalemate in Washington. more
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