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U.S. DEBT was a record $21.9 trillion to start the week. / BLOOMBERG NEWS

Federal debt is surging at fastest pace since 2012

NEW YORK - United States government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails...
SEEKING INVESTMENT: Inclusion in the nationwide Opportunity Zone program could mean an influx of new investment and development for regions of the state deemed low-income census tracts. Each of the 25 Rhode Island tracts, the maximum nominations allowed by each state, has a greater-than-27 percent poverty rate. Investors in the program – who could fund everything from startups and business expansions to real estate deals – will be eligible for tax benefits. / SOURCE: R.I. COMMERCE CORP.

New Opportunity Zone program could help banks meet CRA requirements

Included in the 2017 $1.5 trillion federal tax overhaul heralded by President Donald Trump and passed by Congressional Republicans was the Opportunity Zone program.Encouraging...
THE U.S. TRADE GAP increased 1.7 percent to $55.5 billion in October, the highest in a decade. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. trade gap widens to 10-year high amid China tensions

NEW YORK - The United States trade deficit widened more than forecast in October to the highest in a decade, underscoring continued fallout from the...
MARKETS DECLINED TUESDAY as angst mounted that the U.S. and China made no meaningful progress on the trade front over the weekend. / BLOOMBERG NEWS FILE PHOTO/TIM BOYLE

U.S. stocks battered by trade, yield concerns

NEW YORK - United States stocks plunged, with the Dow Jones Industrial Average tumbling more than 800 points, as a litany of concerns wiped out...

NAMIC: Disaster-mitigation efforts shouldn’t end with hurricane season

PROVIDENCE – The Atlantic hurricane season just ended, but the National Association of Mutual Insurance Companies is urging government policymakers to stay focused on...
STOCKS RALLIED MONDAY after the United States and China declared a truce in their trade war, while the dollar weakened and oil gained. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Stocks rally on trade optimism; Curve flattens

NEW YORK - Stocks rallied after the United States and China declared a truce in their trade war, while the dollar weakened and oil...
THE TRUMP ADMINISTRATION said that China has agreed to remove tariffs on imported automobiles. / BLOOMBERG NEWS FILE PHOTO/ OILAI SHEN

Mnuchin says China agrees to lower auto tariffs; Beijing silent

NEW YORK - U.S. Treasury Secretary Steven Mnuchin said China has agreed to remove tariffs on imported automobiles but declined to detail the specifics of...
THE TRUMP ADMINISTRATION Trump has taken a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters. / BLOOMBERG NEWS FILE PHOTO/RICH PRESS

Trump said to advance seismic surveys for oil in Atlantic

NEW YORK - The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters, despite...
NEW AGREEMENT: Enrique Pena Nieto, Mexico's president, from front left, U.S. president Donald Trump, and Justin Trudeau, Canada's prime minister, sign the United States-Mexico-Canada Agreement (USMCA) as Ildefonso Guajardo Villarreal, Mexico's secretary of economy, from back left, Robert Lighthizer, U.S. trade representative, and Chrystia Freeland, Canada's minister of foreign affairs, stand at the G-20 Leaders' Summit in Buenos Aires, Argentina, on Friday Nov. 30, 2018. The U.S., Canada and Mexico are set to sign their new trade deal Friday following a year of intense negotiations to revamp the continent's free trade zone - after President Trump threats to kill it. BLOOMBERG NEWS FILE PHOTO/SARAH PABST

Trump signs new Nafta but congressional hurdle remains

NEW YORK - The United States, Canada and Mexico signed a new trade deal championed by President Donald Trump to replace the quarter-century-old Nafta...
THE TRUMP ADMINISTRATION plans to allow states to direct billions of dollars of Obamacare subsidies to health plans that don’t meet the law’s requirements in an attempt to make insurance more affordable and expand consumer choice. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Trump to let states divert Obamacare funds to other health plans

NEW YORK - The Trump administration plans to allow states to direct billions of dollars of Obamacare subsidies to health plans that don’t meet...
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