by Peter Urban | Dec 18, 2017 5:34pm
Posted to: Business | Congress | DC News Junkie | The Economy | Manufacturing Sector | Federal Budget | Jobs | Manufacturing | Taxes | Wall Street | White House
Congressional Republicans plan this week to approve an overhaul of federal tax policy that would provide substantial savings to corporations and make filing taxes simpler for many Americans.
The bill, negotiated last week between the House and Senate Republicans, is not expected to draw any support from Democrats who voted against earlier versions that cleared the two chambers. The new bill, which is subject to an up-or-down vote, more closely follows the Senate-approved version.
Continue reading "DC NEWS JUNKIE | GOP Plans Tax Cut Vote; Senate to Confirm ‘Badass’ Greenwich Banker" »
by Christine Stuart | Nov 13, 2017 6:30am
Posted to: The Economy | Education | State Budget | Education Cost Sharing | Wall Street | Mansfield-Storrs
HARTFORD, CT — Finally having a two-year state budget in place is “credit positive” for the state of Connecticut and its municipalities, but it’s a “credit negative” for the University of Connecticut.
Continue reading "Wall Street Says Budget Is Good for Connecticut, But Bad for UConn" »
by Christine Stuart | Oct 16, 2017 7:18pm
Posted to: Town News | State Budget | Special Session | Taxes | State Capitol | Wall Street
HARTFORD, CT — Wall Street issued a harsh warning to Connecticut policymakers Monday when it placed the ratings of 26 municipalities and three regional school districts under review for a credit downgrade.
Continue reading "Moody’s Scrutinizing 51 Towns As Budget Impasse Continues" »
by Christine Stuart | Oct 13, 2017 10:02pm
Posted to: State Budget | Special Session | Pensions | Wall Street
HARTFORD, CT — Without a budget for 105 days, Standard & Poor’s Global Ratings sent the state a message Friday when it downgraded its outlook for Connecticut’s general obligation bonds to “negative.”
Continue reading "Wall Street Sends Connecticut A Warning" »
by Christine Stuart | Aug 28, 2017 1:14pm
Posted to: State Budget | Education Cost Sharing | Taxes | State Capitol | Wall Street
HARTFORD, CT— A Wall Street rating agency says Gov. Dannel P. Malloy’s revised executive order that would reduce municipal aid is “credit negative for Connecticut local governments.”
Continue reading "Moody’s Says Revised Executive Order Is ‘Credit Negative’ For Cities and Towns" »
by Christine Stuart | Jul 25, 2017 10:30am
Posted to: State Budget | Pensions | Wall Street
HARTFORD, CT — Preliminary investment returns show that Connecticut’s Retirement Plans and Trust Funds exceeded expectations in 2017.
Continue reading "Connecticut’s Retirement Funds Increase In Value" »
by Christine Stuart | Jul 12, 2017 5:30am
Posted to: State Budget | Wall Street | Hartford
HARTFORD, CT — Standard and Poor’s downgraded Hartford’s bonds Tuesday to junk status.
Continue reading "Standard and Poor’s Downgrades Hartford Bonds To Junk Status" »
by Christine Stuart | May 18, 2017 10:00am
Posted to: The Economy | Financial Sector | State Budget | Pensions | Wall Street
It’s been sort of a streak. Three Wall Street rating agencies have downgraded Connecticut’s creditworthiness in the last five days.
Continue reading "Another Day Another Wall Street Rating Agency Downgrade" »
by Jack Kramer | Dec 5, 2016 6:30am
Posted to: The Economy | Election 2018 | Jobs | Labor | State Budget | Pensions | Taxes | State Capitol | Transparency | Wall Street | Norwalk
NORWALK, CT — Comptroller Kevin Lembo knew he was playing to a tough crowd when he agreed to talk to a group of Connecticut business leaders about the state of the state’s economy.
Continue reading "Lembo Sums Up Connecticut’s Budget Crisis For Business Leaders" »
by Christine Stuart | Dec 2, 2016 6:30am
Posted to: The Economy | Jobs | State Budget | Taxes | Wall Street
One of the Wall Street ratings agencies downgraded its outlook of Connecticut’s general obligation bonds citing fixed costs and a stubborn budget deficit.
Continue reading "Wall Street Ratings Agency Changes Outlook for Connecticut Bonds Citing Fixed Costs" »