Economy

Obama Asks Congress For Short-Term Budget Fix

February 9, 2013

WASHINGTON — In his weekly radio and Internet address, Obama says he still wants a comprehensive package that deals with the debt. But he says that takes time.

UMass Boosts Student Financial Aid

February 6, 2013

BOSTON — The University of Massachusetts is directing a record $169.2 million of its own funds toward student financial during the current academic year.

Mass. Reports January Tax Revenue Gains

February 5, 2013

BOSTON — Preliminary revenue collections were up $249 million over the same month a year ago. They also beat the state’s revised monthly benchmark by $173 million.

Report: Mass. Economy Slowed In 4th Quarter

January 30, 2013

BOSTON — The Massachusetts economy grew at its slowest clip of the year in the fourth quarter. But analysts say the state economy is “poised for faster growth” in 2013.

New England Fishermen Face Grim Vote On Cuts

January 30, 2013

PORTSMOUTH, N.H. — Regulators are meeting in Portsmouth to decide 2013 limits on stocks including cod on Georges Bank and in the Gulf of Maine.

Compromise On Taxes Seen Likely In Mass. Budget

January 27, 2013

BOSTON — Patrick conceded that his ambitious budget request calling for major adjustments in the income and sales taxes may not survive the upcoming legislative process intact.

Boston Report: City Has Regained All Jobs Lost In Recession

January 25, 2013

BOSTON — The Boston Redevelopment Authority says the city has regained all 15,000 jobs it lost during the recession.

Mass. Home Sales Up, Median Price Up

January 24, 2013

BOSTON — Median prices rose 12 percent when compared to December 2011, to $300,000, the highest since August and the highest December mark since 2007.

Despite Jobs Gain, Mass. Unemployment Rate Rises In December

January 17, 2013

BOSTON — The state’s unemployment rate rose in December from 6.6 to 6.7 percent, though 7,500 jobs were added.

Gov. Patrick: Freeze Unemployment Insurance Rates

January 8, 2013

BOSTON — Patrick says freezing the unemployment insurance rates for the fourth year in a row would save employers another $500 million.

Mass. Lawmakers To Get 1.8 Percent Cut In Pay

January 3, 2013

BOSTON — A 1998 amendment to the Massachusetts Constitution ties increases or decreases in the base pay of legislators to median household income.

Senate Leaders Offer Dour Take On ‘Cliff’ Talks

December 30, 2012
Senate Minority Leader Mitch McConnell, center, arrives at his office in Washington, Sunday, Dec. 30, 2012.   (J. Scott Applewhite/AP)

WASHINGTON — The top Senate negotiators on the effort to prevent the government from going over the “fiscal cliff” offered a pessimistic assessment Sunday barely 24 hours before a deadline to avert tax hikes on virtually every worker.

White House Meeting Last Try For Fiscal Deal

December 28, 2012
Gray skies cover the U.S. Capitol in Washington on Friday, Dec. 21, 2012. (J. Scott Applewhite/AP)

WASHINGTON — Top members of Congress and President Barack Obama are holding out hopes that they can come to an agreement on how to avert the “fiscal cliff” set to automatically go into effect in January.

Mass. Homes Sales, Median Prices, Both Jump

December 27, 2012

WALTHAM, Mass. — The Massachusetts Association of Realtors reports that the number of single-family homes sold in the state last month jumped almost 30 percent, while median prices were up more than 3 percent.

U.S. Jobless Aid Applications Fall To 5-Year Low

December 27, 2012

The average number of people seeking unemployment benefits over the past month fell to the lowest level since March 2008, a sign that the job market is healing.

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