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A WALL GROWS: The existing U.S.-Mexico border wall in Tijuana, Mexico, is only a physical manifestation of the growing wall in the local body politic over the nation’s immigration policies and enforcement. 
 / BLOOMBERG 
NEWS PHOTO/
ALEJANDRO CEGARRA

Shutdown enters third day with no urgency to reopen government

WASHINGTON – As the partial U.S. government shutdown enters a third day, lawmakers have left Washington for the Christmas holiday with no sign of...
COUNTER TO WHAT MIGHT BE EXPECTED, a federal government shutdown actually costs taxpayers more money than it saves. / BLOOMBERG NEWS FILE PHOTO

Here’s why closing the government actually costs taxpayers money

WASHINGTON – Even though paychecks would stop going out to hundreds of thousands of workers, shutting down the federal government actually costs money –...
THE UNITED STATES' largest companies protected their profits following the 2017 tax cuts by using their savings to offset risings costs, including for labor, transportation and imports. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Tax cut billions fail to spur spending as CEOs safeguard profits

NEW YORK - Critics of President Donald Trump’s tax law centerpiece - slashing the corporate rate - argued the savings wouldn’t spur big companies...
THE FEDERAL RESERVE, led by Chairman Jerome Powell, raised the federal funds rate target to a range of 2.25 percent to 2.5 percent, the central bank's fourth hike this year. But Powell and company signaled that they expect two rate hikes in 2019, as opposed to the three that were forecast previously. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates, trims forecast for hikes in 2019 to two

WASHINGTON – The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald...
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...
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