Treasury Secretary Janet Yellen said Wednesday that ‘it seems almost certain’ that the United States would not make it past early June without defaulting.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Anxious retirees, social service groups among those making default contingency plans
Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.
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Posted inBusiness, Food
The Wrap: The Great Lost Bear changes hands, Rose Foods reinstates indoor seating
Also, Grand Central Wine Bar opening in Sebago, Congdon’s After Dark starts its seventh season and Portland Wine Week is set for June.
Posted inArts & Entertainment, Business, Life & Culture
Boston group battles with Virginia museum over statue once thought destroyed
An old New England trade group claims it owns a landmark statue in the collection of the Chrysler Museum of Art in Virginia.
Posted inBusiness, Maine, News
Historic Portland tower a step closer to housing, but affordability is a question
Developers who bought the People’s United Bank building for $9.2 million in 2019 plan to convert the 10-story building in Monument Square into 63 one- and two-bedroom market-rate apartments.
Posted inBusiness, Maine, News
Dollar General owes $320,000 for repeat safety violations at Penobscot County store
Federal investigators found the store in Enfield broke five safety standards, creating tripping hazards and greater risks of employee injury in the event of a fire.
Posted inBusiness, Life & Culture, Nation & World
Car seats and baby formula are regulated. Is social media next?
U.S. Surgeon General Dr. Vivek Murthy wants policymakers need to address the harms of social media because there isn’t enough evidence to show it’s safe for kids and teens.
Posted inBusiness, Maine, Politics
Business groups come out against paid family leave proposal
But the groups also said they are willing to seek a compromise that could address the business community’s concerns.
Posted inArts & Entertainment, Business, News
Netflix to charge an additional $8 month for viewers living outside U.S. subscribers’ households
The service hasn’t said how it will authenticate subscriber identities or accounts.
Posted inBusiness
UPS strike looms in a world reliant on delivery
The union wants to address part-time pay, driver safety and a contract provision that created 2 separate hierarchies of workers with different pay scales, hours and benefits.