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CONNECTICUT owners of so-called pass-through businesses currently have a workaround to the federal $10,000 SALT deduction limit due to a state law passed earlier this year. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Connecticut’s SALT bypass offers hidden perk for money managers

NEW YORK - Hedge fund and private equity managers in Connecticut may have more to like about the state’s novel workaround for a new cap...

Does FEC care about campaign violations?

The Federal Election Commission would prefer not to know. On a party-line vote, the FEC has voted not to pursue enforcement action against the...

Feds use offshore-drilling money for conservation, R.I. gets nearly $1M

PROVIDENCE – Rhode Island is getting nearly $1 million in federal money – much of it from selling offshore-drilling rights – to pay for...
CHINA RESPONDED to the most recent round of tariffs from President Donald Trump with retaliatory tariff action against $60 billion of U.S. goods. / BLOOMBERG NEWS FILE PHOTO/OILAI SHEN

China strikes $60B of U.S. goods in widening trade war

NEW YORK - China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating the trade war as the Trump...
THE TRUMP ADMINISTRATION announced another round of tariffs that will affect roughly $200 billion in Chinese goods. / BLOOMBERG FILE PHOTO/QILAI SHEN

Trump ratchets up tariff pressure on China with $200B hit

NEW YORK - The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double...

Public interest groups get more time to review rewrite of Volcker...

PROVIDENCE – Federal regulators are giving the public an extra month to review and provide input on proposed changes to the so-called “Volcker Rule”...
AS THE PERIOD FOR comment on a planned $200 billion of tariffs on Chinese goods ended, it was said that President Donald Trump is willing to meet with Chinese leader Xi Jinping as the two nations square off. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

Kudlow says U.S. willing to talk with China as tariffs loom...

NEW YORK - President Donald Trump is willing to meet with Chinese leader Xi Jinping as the two nations square off over trade, but...
CASH BONUS: The Washington Trust Co. said it was able to provide employees with one-time cash bonuses in January as a result of a reduction in its corporate taxes. Patricia Fernandez, left, professional flex banker at Washington Trust on Waterman Street in Providence, speaks with customer Nina Pratt of Providence.
 / PBN PHOTO/MICHAEL SALERNO

Banks say tax reform allowed for increased spending on staff, infrastructure

Many banks in Rhode Island and elsewhere have showered employees with pay raises and bonuses since President Donald Trump and fellow Republicans in Congress...

Climate fight can’t be slowed, even by EPA

The best that can be said for the Environmental Protection Agency’s new plan to loosen restrictions on coal-fired power plants is that it will...
NEW DATA out Wednesday showed the U.S. goods deficit with China in the seven months through July this year widened about 8 percent to $234 billion from the same period in 2017. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE

American shoppers to be hit harder than Chinese by tariff war

NEW YORK - The trade fight between the world’s two economic titans is about to make dozens of household goods more expensive for United...
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