Category Archives: Economy
US budget deficit for current year hits record $2.1 trillion
WASHINGTON (AP) — The U.S. budget deficit hit a record $2.06 trillion through the first eight months of this budget year as coronavirus relief programs drove spending to all-time highs.
Rent control provision quietly softened by N.S. Liberals two days after announcement
HALIFAX — Two days after Nova Scotia's Liberals announced temporary rent caps in response to evictions and fast-rising rents amid the pandemic, they quietly decreased how broadly the controls applied. On Nov. 25, Chuck Porter, who was at the time minis...
Undoing Trump rule won’t likely affect Okefenokee mine plan
SAVANNAH, Ga. (AP) — The Biden administration’s plan to revive protections for some wetlands and streams that got eliminated during Donald Trump’s presidency isn't likely to restore federal oversight of a proposed mine outside the Okefenokee Swamp's va...
Terra Nova oilfield shutdown could cost N.L. hundreds of millions of dollars
ST. JOHN'S, N.L. — The full shutdown of the dormant Terra Nova offshore oilfield could leave Newfoundland and Labrador on the hook for hundreds of millions of dollars in royalty paybacks, Energy Minister Andrew Parsons said Thursday. Parsons told repor...
Medicare copays for new Alzheimer’s drug could reach $11,500
WASHINGTON (AP) — A new $56,000-a-year Alzheimer’s drug would raise Medicare premiums broadly, and some patients who are prescribed the medication could face copayments of about $11,500 annually, according to a research report published Thursday. ...
US hits alleged financing ring linking Yemen rebels, Iran
WASHINGTON (AP) — The U.S. leveled sanctions Thursday against a Yemeni network that it claims was cooperating with Iran's Revolutionary Guard to illicitly transfer tens of millions of dollars to Yemen's Houthi rebels.
Hertz on track to exit bankruptcy protection this month
Hertz will likely emerge from Chapter 11 bankruptcy protection by the end of the month after a bankruptcy court confirmed the reorganization plan for the beleaguered car rental company.
Distributors, regulators cast blame for opioid epidemic
CHARLESTON, W.Va. (AP) — Opioid distribution companies and federal regulators pointed the finger at each other as a contributing factor in the nation's opioid epidemic during a landmark civil trial in West Virginia.
Police: Shooter kills 2 then self at Florida supermarket
ROYAL PALM BEACH, Fla. (AP) — A shooting inside a Florida supermarket Thursday left three people dead, including the shooter, authorities said.
Arizona refurbishes gas chamber in push to resume executions
PHOENIX (AP) — As it aims to resume executions after a seven-year hiatus, Arizona has refurbished its gas chamber, where the nation's last lethal-gas execution was carried out more than two decades ago before the United States rejected the brutal
