The estimate by the Congressional Budget Office will fuel new debate over President Biden’s student debt decision, which was cheered by advocates but assailed by Republican lawmakers as a waste of government money.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Stocks fall on recession fears; Dow slips into bear market
Wall Street is worried that the Fed’s rate hikes will pump the brakes too hard on the economy and cause a recession.
advertisement
Posted inBusiness, Nation & World, News
Forest Service opens criminal investigation into Mosquito fire’s start, PG&E says in filing
Pacific Gas and Electric Co., previously disclosed that its equipment was being investigated for the blaze, which has charred more than 76,781 acres in Placer and El Dorado counties.
Posted inBusiness, Nation & World, News, Uncategorized
Things are getting chilly in Europe as they prepare for winter energy crisis
With costs high and energy supplies tight, Europe is rolling out relief programs and plans to shake up electricity and natural gas markets as it prepares for rising energy use this winter.
Posted inArts & Entertainment, Business, Nation & World, News
Oprah Winfrey and Apple TV+ end multi-year deal
Winfrey and the streaming service will continue to work together on a project to project basis.
Posted inArts & Entertainment, Business, Nation & World, News, Uncategorized
Global Citizen Festival generates $2.4 billion in pledges
The event raises money to fight global poverty.
Posted inBusiness, Maine Cannabis Report, Sports
Cannabis to remain banned in international sporting events
The World Anti-Doping Agency declines to remove marijuana from its list of prohibited substances, calling it ‘against the spirit of sport.’
Posted inBusiness, Maine Cannabis Report
No way to let Oklahoma voters decide cannabis question, court rules
Supporters submitted enough signatures for a proposal to legalize recreational marijuana, but counting them was delayed to the point ballots can’t be printed in time.
Posted inBusiness, Maine Cannabis Report
Recreational cannabis measure will be on ballot in Arkansas
The state’s supreme court rules against a committee that blocked the question of whether to legalize marijuana. The panel claimed voters wouldn’t fully understand the impact.
Posted inBusiness, Nation & World, News
White House: New rule will show ‘true cost’ of plane tickets
The initiative applies to airlines directly and third-party search sites.