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CASH-ONLY CROP: Some of the products for sale at the cannabis retail store called Mother Earth Wellness in Pawtucket. Despite the Biden administration’s move to recategorize cannabis as a less-dangerous controlled drug on the federal level, it won’t do much to persuade banks to enter the sector. 
PBN FILE PHOTO/MICHAEL SALERNO

Pot regulation proposal leaves banking problem

The Biden administration’s move to reclassify marijuana as a less-dangerous controlled drug was hailed as a monumental step in reshaping national policy. But it...

Treasury Dept. now taking ‘extraordinary measures’ on debt

WASHINGTON (AP) – The countdown toward a possible U.S. government default is in the offing, and frictions between President Joe Biden and House Republicans are...

Senate moves to avert rail strike amid dire warnings

WASHINGTON (AP) – The Senate moved quickly Thursday to avert a rail strike that the Biden administration and business leaders warned would have had...
THE HOUSE OF REPRESENTATIVES has passed the GOP's tax bill. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Senate passes U.S. tax overhaul, putting GOP on brink of big...

WASHINGTON – Senate Republicans passed the most extensive rewrite of the U.S. tax code in more than 30 years, a bill that delivers a...
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