Tag: U.S. Treasury Department
Biden bans Russian oil; local gas prices rise again
WASHINGTON (AP) — President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia's economy in retaliation...
SEED Corp. receives $700K Treasury grant for small-business and startup financing
TAUNTON – The South Eastern Economic Development Corp. recently received a $700,000 federal grant to help finance small businesses and startups across the region,...
PEW: R.I. ranks No. 18 in share of stimulus funds relative...
PROVIDENCE – Rhode Island ranks No. 18 in terms of the share of federal stimulus funds it will get relative to its state spending,...
Second round of PPP loans to start week of Jan. 11
PROVIDENCE – The Paycheck Protection Program will reopen on the week of Jan. 11, the U.S. Small Business Administration announced Friday in consultation with...
After Q1 loss, R.I. pension fund earns $450M in April rebound
PROVIDENCE – After a $900 million loss in the first quarter of 2020, the state pension fund is starting to rebound.
Pension investments earned $450...
R.I. pension fund loses $900M in Q1
PROVIDENCE – The state pension fund lost nearly $900 million in the first quarter of 2020, with a $600 million hit in March alone...
Federal Reserve System reports annual net income exceeding $63B
PROVIDENCE – The Federal Reserve System’s estimated net income for 2018 is $63.1 billion, the Fed announced. The figure represents the combined profit of...
Treasury sees 2018 borrowing needs surging to $1.34T
NEW YORK - The U.S. Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion as the Trump administration...
Trump wants retirement saving rules expanded for small companies
NEW YORK - President Donald Trump plans to issue an executive order Friday directing his administration to make it easier for small businesses to...
Raimondo nominates 25 R.I. investment ‘opportunity zones’ to U.S. Treasury Department
PROVIDENCE – In the federal Tax Cut and Jobs Act of 2017, there was a provision designed to encourage investment in low-income areas that...
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