CT News Junkie

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Wall Street

August 30, 2018

Senate Confirms Southport Economist Richard Clarida

by Peter Urban | Aug 30, 2018 8:15pm
Posted to: DC News Junkie | The Economy | Wall Street | White House | Westport

By Tres Normale - Own work, CC BY-SA 3.0

The U.S. Senate this week voted, 69-26, to confirm economist Richard Clarida of Southport as vice chairman of the Federal Reserve.

Continue reading "Senate Confirms Southport Economist Richard Clarida" »

June 1, 2018

Jobs and Transportation Top Bond Commission Agenda

by Christine Stuart | Jun 1, 2018 12:54pm
Posted to: Business | Economic Development | The Economy | Financial Sector | Federal Budget | Town News | Jobs | Manufacturing | Military Spending | National Security | State Budget | State Capitol | Transportation | Wall Street

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The state Bond Commission approved $233.5 million in general obligation bonds Friday, including $1.5 million for a Massachusetts manufacturing company to relocate to Putnam, $9 million for PriceWaterhouseCoopers LLP to expand in Stamford, and $35 million to help Electric Boat in Groton ramp up for production of Columbia class submarines.

Continue reading "Jobs and Transportation Top Bond Commission Agenda" »

May 5, 2018

Senate Modifies So-Called Hartford Bailout

by Christine Stuart | May 5, 2018 8:17pm
Posted to: Town News | Hartford | State Budget | State Capitol | Wall Street

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The Senate gave bipartisan support Saturday to legislation that seeks to modify the $534 million bailout they gave the city last year to help it avoid bankruptcy.

Continue reading "Senate Modifies So-Called Hartford Bailout" »

May 3, 2018

Municipal Lobby Makes Final Push To Protect Emergency Reserves From Labor

by Christine Stuart | May 3, 2018 12:22pm
Posted to: Town News | North Haven | Labor | Wall Street

Christine Stuart / ctnewsjunkie

HARTFORD, CT — Local mayors and first selectmen don’t want to be punished for handling their budgets responsibly over the years, and they say what’s in their Rainy Day Fund shouldn’t impact the results of a labor dispute.

Continue reading "Municipal Lobby Makes Final Push To Protect Emergency Reserves From Labor" »

April 13, 2018

Wall Street Agency Lowers Connecticut’s Bond Rating

by Christine Stuart | Apr 13, 2018 9:14pm
Posted to: The Economy | State Budget | Wall Street

Elnur via Shutterstock

HARTFORD, CT — Hours after the state Bond Commission voted to put hundreds of millions more on the state credit card one of the four Wall Street rating agencies lowered its bond rating.

Continue reading "Wall Street Agency Lowers Connecticut’s Bond Rating" »

April 5, 2018

Finance Committee Moves To Delay Bond Covenant

by Christine Stuart | Apr 5, 2018 11:43pm
Posted to: Legal | State Budget | Taxes | State Capitol | Transparency | Wall Street

Christine Stuart / ctnewsjunkie

HARTFORD, CT — The Finance, Revenue, and Bonding Committee approved a bill Thursday that will delay implementation of what many are referring to as the “bond lock.”

Continue reading "Finance Committee Moves To Delay Bond Covenant" »

March 29, 2018

Legislative Leaders Balk At Hartford Bailout, Promise To Reduce Other Assistance

by Christine Stuart | Mar 29, 2018 11:30am
Posted to: State Budget | State Capitol | Wall Street | Hartford

ctnewsjunkie file photo

HARTFORD, CT — Republican and Democratic legislative leaders wrote the Office of Policy and Management and state Treasurer Denise Nappier Wednesday to let them know it was never their intention to pay off nearly $550 million in Hartford’s bonded debt.

Continue reading "Legislative Leaders Balk At Hartford Bailout, Promise To Reduce Other Assistance" »

March 26, 2018

Moody’s: Connecticut Cities and Towns Feel Pressured By State’s Fiscal Woes

by Jack Kramer | Mar 26, 2018 5:30am
Posted to: Town News | State Budget | Taxes | State Capitol | Wall Street

Sources: Audited financial statements, Connecticut Office of Policy and Management

HARTFORD, CT — Connecticut’s cities and towns will continue to feel financial pressure based on their exposure to fiscal uncertainties and adverse economic and demographic trends, according to a new report released by Moody’s Investors Service.

Continue reading "Moody’s: Connecticut Cities and Towns Feel Pressured By State’s Fiscal Woes" »

March 5, 2018

Connecticut Has Investments In Gun Makers

by Christine Stuart | Mar 5, 2018 6:30am
Posted to: Business | Public Health | Public Safety | Wall Street | Newtown | Pensions | Manufacturing Sector | Financial Sector

jack kramer / ctnewsjunkie

HARTFORD, CT — The state of Connecticut has $16.5 million or 0.05 percent of its six pension funds and nine trust funds invested in five companies that manufacture guns.

Continue reading "Connecticut Has Investments In Gun Makers" »

January 2, 2018

Connecticut Lawmakers Brace Themselves For Revenue Estimates

by Christine Stuart | Jan 2, 2018 6:29am
Posted to: Congress | State Budget | Taxes | State Capitol | Wall Street | White House

ctnewsjunkie file photo HARTFORD, CT — Connecticut lawmakers are trying to find the silver lining in the tax package passed by Congress and signed by President Donald Trump before Christmas.

But will it impact January revenue estimates?

Continue reading "Connecticut Lawmakers Brace Themselves For Revenue Estimates" »

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