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Ethics commission drops complaint against Gov. McKee

PROVIDENCE – The R.I. Ethics Commission has dismissed a state Republican Party complaint against Gov. Daniel J. McKee over a lunch meeting with a...
VESTED INTEREST: Gina Lalli, senior loan officer at Shamrock Home Loans, hopes interest-rate cuts will come in 2024 to spur some home sales activity. New mortgage applications in November were 20% lower than they were a year earlier.
PBN PHOTO/DAVID HANSEN

Real estate industry ready for some rate cuts

While many real ­estate agents are dream sellers, Gina Lalli, senior loan officer at Shamrock Home Loans in Newport, often has to give buyers...

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...
THE U.S. TREASURY Department said government borrowing this year will more than double from 2017 to $1.34 trillion in 2018. / BLOOMBERG NEWS

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...
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