Train traffic snarled between NY and Philadelphia restored but with residual delays
Overhead power issues have caused Amtrak to suspend rail service from Philadelphia to New York, the company said in a statement. Rail service is operating on a limited basis from NY to Philadelphia "with no substitute transportation available," Amtrak said.
2023-07-06 23:53
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
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
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
Boris Johnson’s WhatsApp Trove Must Be Released, Court Rules
The UK government must comply with an inquiry panel’s demand to disclose all of former Prime Minister Boris
2023-07-06 22:55
U.S. job openings fall in May, still elevated
WASHINGTON U.S. job openings dropped in May, but remained at higher levels, indicating that labor market conditions were
2023-07-06 22:16
New Jersey ‘Lawyering Up’ Over Congestion Tax, Murphy Says
New Jersey is pursuing legal options to block New York’s congestion pricing plan that would charge motorists entering
2023-07-06 22:16
BoC to raise rates 25 bps on July 12, possibly the last: Reuters Poll
By Milounee Purohit BENGALURU The Bank of Canada will raise interest rates by a quarter-point for a second
2023-07-06 21:55
Alphabet Exuberance Is Cooling on Wall Street After Stock’s Strong Run
Once one of the highest-rated stocks on Wall Street, Alphabet Inc. is getting a cooler reception from analysts
2023-07-06 21:48
Foreigners Pour Money Into Turkish Stocks on Hopes for U-Turn
Overseas investors bought up Turkish equities at the fastest pace in 31 months since June on hopes for
2023-07-06 21:46
Canada posts surprise May trade deficit as imports surge
OTTAWA Canada recorded a surprise trade deficit in May as energy and grains dragged down exports, while unwrought
2023-07-06 20:55
