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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...

McKee commits $9.5M for residents experiencing housing insecurity

PROVIDENCE – Gov. Daniel J. McKee and the R.I. Department of Housing on Friday committed $9.5 million in federal funding to support state residents...

Pandemic relief money spent on hotel, ballpark, ski slopes

WASHINGTON (AP) – Thanks to a sudden $140 million cash infusion, officials in Broward County, Florida, recently broke ground on a high-end hotel that...
SPACE MAKING: Derek Sharp, left, senior project manager for Suffolk Construction Co., and Kim Ward, Bally’s Corp.’s regional executive director of public and community affairs, check the progress on the $100 million expansion project at Bally’s Twin River Lincoln Casino. / PBN PHOTO/MICHAEL SALERNO

After huge pandemic losses, governments see rapid rebound

State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many...

U.S. monthly budget deficit eases to $165B in Oct., down 42%...

The United States monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved...

U.S. budget deficit rises to $2.71 trillion through August

WASHINGTON (AP) – The United States budget deficit rose to $2.71 trillion through August, on track to be the second largest in history due...

Feds report most rental assistance has still not gone out

BOSTON (AP) – Only 11% of the tens of billions of dollars in federal rental assistance has been distributed, the Treasury Department said Wednesday,...

More red ink: U.S. budget deficit through July hit $2.54T

WASHINGTON (AP) – The United States budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to...
THE U.S. BUDGET DEFICIT has reached $3 trillion for the first 11 months of this budget year. /. AP FILE PHOTO/ ANDREW HARNIK

U.S. budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) – The United States budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year,...
DECISION TIME: Federal Reserve Board Chairman Jerome Powell speaks to the House Committee on Financial Services in Washington, D.C., in June. / THE WASHINGTON POST FILE PHOTO VIA AP/BILL O’LEARY

Too risky? Fed pressed to expand business aid

WASHINGTON – With the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending...
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