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4 Business The central bank raised it's key interest rate by three-quarters of a point, part of a campaign to tighten credit and slow inflation. Associated Press , News Partner Posted Replies WASHINGTON — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession. The move the Fed announced after its latest policy meeting will raise its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5 percent to 1.75 percent. With the additional rate hikes they foresee, the policymakers expect their key rate to reach a range of 3.25 percent to 3.5 percent by year's end — the highest level since 2008 — meaning that most forms of borrowing will become sharply more expensive. The central … [Read more...] about Fed Attacks Inflation With Highest Rate Hike Since 1994

BALTIMORE (WJZ) — The Chesapeake Bay Trust will be steering over $1 million toward 13 environmental projects in Maryland and its surrounding states, according to trust staff. Nine of those projects are in Maryland. The Chesapeake Bay, in partnership with the U.S. Environmental Protection Agency and the West Virginia Department of Environmental Protection announced Friday that it would be spending $1,058,720 on projects across Maryland, Pennsylvania, Virginia, and West Virginia as part of the Chesapeake Bay Green Streets, Green Jobs, Green Towns Grant Program. READ MORE: Baltimore Bishop And Playwright Aims To Bring Redemption To The Stage The funding will help communities develop and implement plans that reduce stormwater runoff, staff said. It will go towards increasing the amount of green spaces in urban areas, improving the health of local bodies of water; create “green jobs,” reduce energy use, and enhance livability in cities and communities, according to trust … [Read more...] about Maryland Communities To Receive Majority Of Chesapeake Bay Trust Funding For Green Infrastructure Projects

Fourth-generation Texan Leah Payne moved to Denver last year in the wake of a new Texas abortion law that imposed some of the strictest abortion restrictions in the nation. “We left our family, friends, sold our house. We couldn’t live somewhere where abortion access was constantly under attack,” Payne told The Denver Post. At 19, Payne, who was on birth control, got pregnant. She didn’t have insurance at the time and decided to have an abortion at a Planned Parenthood clinic. “It was put out there as this big, bad thing that was traumatizing, but I never felt that,” Payne said. “Now, I’m 32, I’m a homeowner here in Denver and have a really successful career, a great partner, and I don’t think any of those things would have happened if I had not had an abortion at 19.” Payne chose her new home after learning about access to reproductive care in the state, and many Americans who woke up on Friday with fewer rights than they had a day prior may be forced to make similar … [Read more...] about Colorado, now an abortion “safe haven,” prepares for new challenges

Protesters outside the Supreme Court on June 24. Photo: Brandon Bell/Getty Images The Supreme Court decision ending abortion access for millions of Americans did not come as a surprise . But having a leaked preview of Samuel Alito’s majority opinion in advance has not dulled the outrage over the end of Roe v. Wade in America. Immediately after the ruling was announced, protestors began assembling outside the Court to express their fury. Democrats, without immediate recourse, read poems on television . Meanwhile, Republican-controlled states, now given by a green light by the Court, began moving forward with immediate bans restricting access to abortion. Below are updates on the ongoing fallout from the most consequential Supreme Court decision in decades. . “Find the way to hope, not as feel-good anesthetic but as tactical necessity” At the Cut, Rebecca Traister warns against despair : It is no accident that many who believed this came from or moved … [Read more...] about Outrage, Uncertainty, and Instant Abortion Bans After Supreme Court Overturns

Stafford-Willington | Press Release | Jun 16 Budget Referendum Results In Stafford Click the link below for more information. Press Release Desk , News Partner Thank Share Stafford-Willington | News | Jun 8 Willington Parcel Among Latest State-Assisted Open Space Acquisitions Gov. Ned Lamont Wednesday announced that his administration is releasing $7.29 million in state funds to purchase and protect 1,013 acres. Chris Dehnel , Patch Staff Thank Share Stafford-Willington | News | May 26 Stafford 2022-23 Budget Proposal Rejected By Voters A new budget proposal will be presented to residents of Stafford after Wednesday's rejection. Chris Dehnel , Patch Staff Thank Share Stafford-Willington | News | May 16 … [Read more...] about Stafford-Willington Politics & Government News

WASHINGTON (AP) — Back-to-back world leader summits in Europe this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia's invasion and overcoming Turkey's opposition to NATO membership for Finland and Sweden. The Group of Seven leading economic powers — the United States, Britain, Canada, France, Germany, Italy and Japan — are set to hold their annual gathering Sunday through Tuesday in the Bavarian Alps in Germany, which holds the G-7's rotating presidency this year. After the G-7 concludes, leaders of the 30 countries in the NATO alliance will then gather for their annual summit, which is being held Wednesday through Thursday in Madrid. A look at some of the key issues and themes on the table as President Joe Biden prepares to join both summits: UKRAINE UNITY Russia’s war in Ukraine will loom large over both summits as leaders seek to project a united front against Kremlin aggression that has devastated Ukraine and plunged Europe and … [Read more...] about Solidarity behind Ukraine’s Russia fight atop summit agendas

(CNN) — The Biden administration is set to unveil plans to overhaul the maternal health care system in the United States. The comprehensive plan, called the White House Blueprint for Addressing the Maternal Health Crisis, will be announced by Vice President Kamala Harris at an event in Plainfield, Illinois, according to senior administration officials who are familiar with the plans. The officials spoke on the condition of anonymity because they were not authorized to speak about the plans ahead of the event. Harris will be joined by a congressional delegation including Sen. Dick Durbin, Rep. Lauren Underwood and Rep. Robin Kelly, all Democrats from Illinois. READ MORE: Firefighters Contain 3-Alarm Fire That Threatened Homes In Suisun City The officials said the plan was needed now more than ever because an already existing crisis has been deepened by Covid-19. In the wake of the Supreme Court’s decision to overturn Roe v. Wade, large parts of the country will lose access to … [Read more...] about Biden Administration Set To Announce Comprehensive Plan To Overhaul Maternal Health Care

Senators Kyrsten Sinema, Tom Tillis, Chris Murphy, and John Cornyn were key to getting the bill negotiated and past key hurdles. Photo-Illustration: Intelligencer; Photos: Getty Images The scene in downtown Houston threatened to topple the delicate work that had put the U.S. Senate on the cusp of passing the country’s most important gun bill in three decades. Texas senator John Cornyn was walking onto the stage at the state Republican Party’s convention last Friday, and the dark, red-lit room was turning hostile, filling with boos and furious chants of “Say no to Cornyn!” The conservative had been leading the GOP’s negotiations on a round of gun-control proposals following the mass killings in Uvalde and Buffalo that had surprisingly coalesced in a viable framework rather than following the usual pattern of collapsing into failure. Still, the whole endeavor was delicate. Cornyn had been quietly meeting with his Republican colleague Thom Tillis of North Carolina and … [Read more...] about How 4 Senators Finally Got Gun Control Done

ATLANTA (AP) — Georgia Power Co. wants to raise customer bills 12% over the next three years to pay for system improvements and higher costs and allow higher profits, the company said Friday in a rate filing with state regulators. The filing kicks off a rate case before the Georgia Public Service Commission, with the five commissioners likely to vote on the plan in December and new rates taking effect in January. Changes are likely before any vote. A residential customer who uses 1,000 kilowatt hours of electricity per month pays Georgia Power an average of $128 a month now, Chief Financial Officer Aaron Abramovitz said Friday. Under the plan, that would rise by $14.32 in 2023, reaching a total of $16.29 over the three-year period. But those aren't the only price increases Georgia Power's 2.3 million customers could face next year. The Public Service Commission has already approved plans for the company to increase rates by $3.78 a month as soon as the first of two new … [Read more...] about Georgia Power proposes 12% increase in bills, with 2023 leap

16 Business Report underscores fears inflation has spread beyond energy and goods, whose prices are driven up by supply chain issues and Ukraine war. Associated Press , News Partner Posted Replies WASHINGTON — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6 percent last month from a year earlier, faster than April's year-over-year increase of 8.3 percent, the Labor Department said Friday. The new inflation figure, the highest since 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively. On a month-to-month basis, prices jumped 1 percent from April to May, much faster than the 0.3 percent increase from March to April. Contributing to that surge were much higher prices for everything from airline tickets to restaurant meals to new and … [Read more...] about Inflation Hits New 40-Year High As Price Increases Spread