New Jersey governor to sign tax break for Orsted's offshore wind farm
New Jersey Gov. Phil Murphy plans to sign a bill giving a tax break to Danish offshore wind developer Orsted for the first of two energy projects it plans to place in the waters off the Jersey Shore
2023-07-06 23:29
Wisconsin governor seals 400 years of public school funding increases with budget veto
Wisconsin Gov Tony Evers, a Democrat, used his line-item veto power to enact a state budget that increases spending for public schools for the next 400 years, The Milwaukee Journal Sentinel reported. Mr Evers used the broad powers given to Wisconsin governors to strike a hyphen and the “20” from a reference to the 2024-2025 school year. The line-item veto will make sure that the limits that the state imposes on school districts on how much they are allowed to raise per student will increase by $325 until 2425. The line-item veto will table debates between the two parties during the budget-writing season. Republicans control the state legislature in Wisconsin. Mr Evers said that the move would “provide school districts with predictable long-term increases for the foreseeable future.” Mr Evers also used his line-item veto to nullify much of Republicans’ proposed $3.5m tax cut that would have mostly slashed taxes on the state’s wealthiest residents. But Robin Vos, the speaker of the state House, decried the move. “Legislative Republicans worked tirelessly over the last few months to block Governor Evers’ liberal tax and spending agenda. Unfortunately, because of his powerful veto authority, he reinstated some of it today,” he said in a statement. Dan Rossmiller, who represents the Wisconsin Association of School Boards, said that while the permanent annual funding was “certainly appreciated,” the additional funding could vary depending on the school district and that the rate might not meet or exceed inflation rates in some districts. “I wish the amount would have been higher,” he said. “With inflation at 40-year highs, it's really important to be able to attract and retain teachers and staff, and to be able to pay the increased costs of everything in a school district's budget.” Republicans likely could not override Mr Evers’s action since they lack a veto-proof majority in the state legislature. Read More Watch live: Trump aide Walt Nauta attends court on charges related to classified documents DeSantis doubles down on ‘homophobic’ anti-Trump ad: ‘Totally fair game’
2023-07-06 23:23
Dow tumbles over 490 points on red-hot US job market report
Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
2023-07-06 23:23
Report paves way for EU to renew glyphosate use
The European Food Safety Authority said on Thursday it had not found "any critical areas of concern" preventing the controversial and widely used herbicide glyphosate from being...
2023-07-06 23:22
Biden will highlight solar deal in South Carolina to show his economic agenda helps red states
President Joe Biden is heading to South Carolina to make the case that his economic agenda is helping keep even red states humming
2023-07-06 23:19
Textron Aviation Delivers the First Flagship Cessna Citation Longitude Registered in Mexico
WICHITA, Kan.--(BUSINESS WIRE)--Jul 6, 2023--
2023-07-06 23:19
What's behind the sudden easing of S.Africa power cuts?
South Africa's crippling blackouts have shrunk from up to 12 hours a day to just over two hours daily in recent weeks, after inflicting a...
2023-07-06 23:17
Pentagon has strategic germanium stockpile but no gallium reserves
WASHINGTON The Pentagon holds a strategic stockpile for germanium but currently has no inventory reserves for gallium, a
2023-07-06 22:59
French MPs urge TikTok ban ultimatum
French MPs on Thursday called on the government to ban video-sharing platform TikTok unless it clarifies its links to China, days after the government blamed...
2023-07-06 22:59
Senior US Fed official backs more monetary tightening
A member of the US Federal Reserve's rate-setting committee said Thursday that she supported additional monetary tightening, as policymakers weigh more measures to rein in stubborn...
2023-07-06 22:58
Rivian must face lawsuit claiming it defrauded IPO investors over vehicle prices
By Jonathan Stempel A federal judge said Rivian Automotive must face a lawsuit claiming it defrauded shareholders during
2023-07-06 22:58
Tackle demand, not supply, to cut emissions, oil bosses say
By Dmitry Zhdannikov, Ron Bousso and Shadia Nasralla VIENNA (Reuters) -The bosses of global energy companies this week urged governments
2023-07-06 22:55
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