This makes trouble for taxpayers, who paid $4.1 trillion in taxes and were refunded $1.1 trillion in fiscal 2021.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Lewiston-Auburn
Lewiston City Council, Planning Board to make final recommendations on riverfront master plan Tuesday
Tuesday’s workshop will be an opportunity for the council and Planning Board to provide their final comments and suggestions before the city’s consultant, Halvorson Tighe & Bond, completes the final proposal.
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Posted inBusiness, Nation & World
E-bike batteries blamed for 22 NYC fires, 2 deaths this year
Many of the blazes are caused by malfunctioning devices left to charge overnight.
Posted inBusiness
Stocks drop, sending Wall Street to its worst week of the year
Investors react to a stream of reports showing inflation, the job market and spending by shoppers are staying hotter than expected.
Posted inBusiness, Nation & World
Ukraine tensions flare at G-20 finance meetings in India
Leaders are expected to address issues including digital currencies and payments, reform of institutions like the World Bank, climate change and financial inclusion.
Posted inBusiness, Nation & World
Key U.S. inflation measure surges at fastest rate since June
The personal consumption expenditures price index echoes other data that suggest the economy remains gripped by inflation despite the Fed’s efforts to tame it.
Posted inBusiness, Nation & World
Cosori recalling over 2 million air fryers for fire risk
They were sold between June 2018 and December 2022 in Best Buy, Target and Home Depot and online at Amazon, Walmart and other retailers.
Posted inBusiness, Nation & World, News, Politics
Republicans argue Biden student debt program is ‘major question’
Republicans want the Supreme Court to use a case about student loan debt relief to restrict the regulatory power of the Biden administration — even if that also would hamstring a future GOP president.
Posted inBusiness, Nation & World, News
U.S. Navy applies lessons from costly shipbuilding mistakes
At Bath Iron Works, where the first Arleigh Burke was built, shipbuilders are happy to continue working on existing vessels while new designs are tested out.
Posted inBusiness, Nation & World, News
Millions of U.S. workers are still missing after the pandemic. Where did they go?
The labor-force participation rate stands at 62.4%, stubbornly below its pre-Covid level of 63.3%.