Economy

Biden Administration’s LNG Report Challenges Trump’s Export Plans

The Biden administration’s Energy Department released a report that could complicate President-elect Donald Trump’s plans to promote liquefied natural gas (LNG) exports.

DeSantis Defends Immigration Policy as Florida’s Economy Grows

Florida Governor Ron DeSantis pushed back against "false media narratives" about illegal immigration, following a report highlighting the state's economic growth.

Washington State Weighs One Percent Wealth Tax

Washington Governor Jay Inslee (D) proposed a wealth tax designed to increase the state's revenue.

Department of Defense Funding Fungus Protein Alternative

The Pentagon is funding companies creating protein alternatives as part of its Distributed Bioindustrial Manufacturing Program (DBIMP).

Pennsylvania Creates Fund for Businesses in ‘Disadvantaged Communities’

Pennsylvania launched a fund for businesses in "historically disadvantaged" areas.

New York’s $600 Million Bills Stadium Deal Bad Investment for Taxpayers

A few years ago, the Buffalo Bills threatened to leave New York State unless a new stadium deal was secured. This kind of relocation bluff is common in the NFL, with only the Green Bay Packers standing out as a team with a municipally owned facility and a market too small to seriously consider relocation. Despite the ever-present threat of the Bills moving to a more lucrative market, Democrat Governor Kathy Hochul ultimately signed a deal providing $600 million in state funding for a new $2.1 billion stadium for the Bills, with Erie County contributing an additional $250 million. This was after team owner Terry Pegula threatened to move the franchise to Austin, Texas, where he would privately finance a stadium.

Los Angeles County to Cancel $2 Billion in Medical Debt For Residents

Los Angeles County has announced a program to cancel $2 billion in medical debt for residents.

California Lost 156,300 Jobs in 2024, Contradicting Newsom’s Claims of Economic Growth

California lost 156,300 jobs in the first half of 2024, according to the latest federal quarterly payroll data, contradicting Governor Gavin Newsom’s optimistic claims about job growth in the state. While Newsom’s office had highlighted preliminary job survey data, which often overestimates employment numbers, the finalized payroll data shows a starkly different picture. In January, California’s payroll data counted 18,037,900 jobs, but by June, that number had dropped to 17,881,600, reflecting a significant job loss.

Biden Plans to Veto Judicial Appointments Bill Over Timing Concerns

President Joe Biden is preparing to veto a bill that would authorize 63 new permanent district judgeships over the next decade, 22 of which President-elect Donald Trump could fill during his upcoming term.

German Chancellor Loses Confidence Vote

German Chancellor Olaf Scholz lost a vote of confidence in parliament, leading to preparations for an early election in February.

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