New Britain – President Barack Obama told a pep-rally audience of students and politicians from across New England that his campaign for a $10.10 minimum wage was central to a broader call to address economic inequality in the U.S.
Money
Stories about Connecticut’s budget, the federal budget, jobs and employment, state investments and casinos.
Posted inEnergy & Environment, Money, Politics
Congress cuts increases in flood insurance premiums
Washington – The U.S. House of Representatives voted late Tuesday on a bill that would give thousands of Connecticut homeowners relief from rising federal flood insurance premiums.
Posted inMoney, Politics
Obama arrives as Connecticut embraces his message, not him
President Obama’s visit here Wednesday comes a day after his job approval in the state hit an all-time low, but Connecticut still is a blue state well-primed to applaud his call for a higher minimum wage, an issue Gov. Dannel P. Malloy and other Democrats see as a boost to their re-election campaigns in 2014.
Posted inMoney, Politics
CT defense contractors largely spared from Pentagon cuts
Washington – Sikorsky’s plans to build new helicopters for the Air Force were kept alive as President Obama’s unveiled his new budget Tuesday. Pratt & Whitney was nicked and Electric Boat remains unscathed.
Posted inMoney, Politics
UTC deal draws cautious responses at Capitol
Is it OK to offer big tax relief to a corporation that retains the option to cut thousands of jobs in the years to come?
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State data center headed to southeastern CT
Gov. Dannel P. Malloy’s administration is finalizing plans to move state government’s data processing center to southeastern Connecticut early next year.
Posted inMoney, Politics
CT Lottery fights the odds, tries to save keno
In the oddly one-sided debate over whether to stop the Connecticut Lottery Corp. from launching keno, the Lottery seems to have finally found its voice, perhaps inspired by its old marketing slogan: “You can’t win, if you don’t play.”
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Metro-North officials: Timeliness interfered with safety
Efforts to ensure trains ran on time likely contributed to the accidents and other safety-related mishaps that plagued the Metro-North Commuter Railroad last year, the service’s top brass told state lawmakers Thursday. And efforts to enhance safety could lead to more delays in the future.
Posted inEducation, Health, Money
House Speaker: Make CT colleges and hospitals pay property taxes
House Speaker J. Brendan Sharkey says it’s time for hospitals and private colleges to pay property taxes.
Posted inMoney, Politics
Malloy seeks tax relief to trigger $500M expansion for UTC
United Technologies Corp. would launch a major $500 million investment in its research, training and corporate facilities later this year in exchange for $400 million in tax relief over the next two decades under a deal Gov. Dannel P. Malloy announced Wednesday.
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Connecticut officials lead charge against federal plan for Indians
Updated, 1:15 p.m. Washington – Connecticut officials are bracing for new Indian recognition rules that could upend the state’s gaming agreement with the Mashantucket Pequot and the Mohegan, takes swaths of land out of the state tax base and likely result in new casinos.
Posted inMoney, Politics
Malloy moves to avoid food stamp cuts
Washington – Gov . Dannel Malloy announced Monday that his administration will increase spending on heating assistance to thwart new federal regulations aimed at shrinking food stamp benefits for at least 50,000 households in the state. “Connecticut, for one, will not stand by while our low-income families and elders are put at risk by Washington […]
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CT’s Malloy jousts with Louisiana’s GOP governor at White House
“That’s the most insane statement I’ve ever heard,” Gov. Dannel Malloy said about Louisiana Gov. Bobby Jindal’s remark. “I don’t know how the heck we can be mad with people who made $404 a week.”
Posted inMoney, Politics
Obama’s labor secretary brings minimum wage campaign to CT
U.S. Labor Secretary Thomas Perez Monday brought the Obama administration’s campaign for a $10.10 minimum wage to Connecticut, where the congressional delegation and governor already are among the president’s strongest supporters on the issue.
With no congressional votes to win, a visit to highlight President Obama’s push for a higher minimum wage likely had multiple goals, including giving a measure of early re-election support to Gov. Dannel P. Malloy, who was seated next to Perez at a White House dinner for governors Sunday night.
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“Fiscal Sustainability: Critical to Connecticut’s Growth” set for Tuesday morning
“Fiscal Sustainability: Critical to Connecticut’s Growth,” the first in a series of programs throughout the year discussing the state’s fiscal challenges and opportunities, will take place Tuesday, February 25, 2014, from 8-10 a.m. at The Society Room, 31 Pratt Street, Hartford. The event is sponsored by Webster Bank.
