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State and local governments are facing “huge revenue shortfalls,” with cuts in education and services like police and firefighting likely, according to Edward Alden of the Council on Foreign Relations.
“Continued uncertainty and volatility related to the pandemic, and its negative effect on consumer and business activity, was a theme echoed across the country,” according to the report.
Federal Reserve Chairman Jerome Powell warns that the COVID-19 pandemic could result in a long-term recession and urges additional action by Congress and the White House to prevent it.
Although Connecticut added another 45 COVID-19-related deaths since yesterday, bringing its total to 380, Gov. Ned Lamont said the rate of increase in hospitalizations is "not going up -- in fact, it may be going down a little bit," a possible sign that the state's number of coronavirus incidents has peaked.
U.S. Sen. Richard Blumenthal (R-Connecticut) described the federal CARES Act as "imperfect but imperative -- it's not a panacea, and opined that there will be a fourth and fifth, and perhaps a sixth, federal economic stimulus bill as the situation develops.
The Federal Reserve this morning announced moves to help the U.S. economy that is being ravaged by the COVID-19 outbreak and the proactive steps...
Scarsdale and Bronxville, along with Westport, Connecticut, rank fairly high on a list of communities in which residents are having a comparatively easy time...
Invoke the prefix “crypto” to most people, and negative thoughts are likely to follow; after all, dictionary.com defines the term as a noun meaning...
https://www.youtube.com/watch?v=EO09Fqy8sUo For Mario Gabelli, it’s important to know what’s happening in the world and understand what it might mean for the future. “It’s how you connect...
"We still have governments and governments are not willing to let their currencies go," warned Nicholas Coriano of Cervitude Inc.
Peter Little says he has run up $1.1 million in expenses to defend himself and he estimates his costs will total more than $5 million.
In 2016, Clarida released a CD of original folk rock music, which he recorded at a studio in his home and at the legendary EMI Abbey Road Studios in London.
The increases, past and future, can fuel higher borrowing costs for virtually any commodity that requires borrowing, from mortgages to credit cards.
GE Energy Financial Services CEO David Nason prefers "to pursue opportunities at GE," according to the company.
Bridgeport-based bank awaits Federal Reserve approval of transaction.