Government And Institutions

Nevada lawmakers on Thursday were hearing details of a number of widely supported tax abatement bills that legislators say will create better paying jobs in the state.

Moody's Investors Service has downgraded $48 billion worth of Puerto Rico debt as the U.S. territory struggles to generate more revenue.

Officials representing hospitals, private colleges and other nonprofit organizations told lawmakers on Thursday that a proposal that would require them to pay property taxes to municipalities would devastate their budgets, forcing them to hike costs or slash programs.

A plan to increase the state fuel tax by 10 cents a gallon gained momentum in the Iowa Legislature Thursday, after the House Republican leader made some key membership changes to a committee to help ensure the legislation passed a procedural hurdle.

Gov. Jay Inslee signed a supplemental budget Wednesday that allocates nearly $218 million in state and federal money for expenses including the deadly Oso mudslide and last summer's wildfires.

Antitrust regulators are challenging the $3.5 billion sale of US Foods to Sysco, saying the deal would hurt customers by reducing competition between food supply companies.

Figures on government spending and debt (last six digits are eliminated).

A judge has ruled that American Express violated U.S. antitrust laws by barring merchants from asking customers to prefer one credit card over another.

Cigarette maker Reynolds American Inc. is partnering with pharmaceutical consultancy to develop products that help people stop smoking.

Average long-term U.S. mortgage rates have risen for a second straight week yet remained near historically low levels.

Members of an influential farming group lobbied Iowa lawmakers on Wednesday to approve a fuel tax increase to pay for road improvements.

Romania plans to start cutting taxes from next year to boost economic growth and increase living standards.

Michigan is potentially on the hook for $9.4 billion in business tax credits over the next two decades, nearly $3 billion more than projected just weeks ago, the state's top economic development official said Wednesday.

New York authorities have accused United Parcel Service in a federal lawsuit of shipping 700,000 cartons of untaxed cigarettes in the state between 2010 and 2014 despite an earlier agreement to stop.

U.S. Sen. Lisa Murkowski used her speech before state lawmakers Wednesday to push back against a federal government that she says seems to want to starve the trans-Alaska pipeline system of new oil.

Gov. Dannel P.

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A state lawmaker will hold oversight hearings into allegations of wrongdoing at the Public Utilities Commission — particularly its relationship with Southern California Edison, principal owner of the now-shuttered San Onofre nuclear plant.

Greece's government spokesman says the country will officially present its creditors later Wednesday with a proposal aimed to save bailout talks from collapse.

Foreign holdings of U.S. Treasury securities rose to a record level in December despite investors in China and Japan, the two biggest foreign owners of Treasury debt, cutting back on their holdings.