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Long-term unemployment benefits to shrink

Nearly 30,000 Connecticut residents with long-term unemployment benefits will see a nearly 20 percent decrease in compensation checks due to federal sequestration cuts.

Murphy visits Sikorsky, rails sequester

The U.S. Department of Defense has yet to inform Connecticut manufacturers which programs and contracts may be impacted by the automatic budget cuts that went into effect March 1.

Region’s hospitals face $251M in Medicare cuts

An advocacy group for New York hospitals said hospitals in the Hudson Valley region could lose $251 million in Medicare reimbursements and hospitals statewide could lose about $2.13 billion if Congress allows sequestration to take effect.

Lowey: Sequestration could be costly for Hudson Valley

Congresswoman Nita Lowey released a report showing how much sequestration could cost the lower Hudson Valley.

Sequester could cost New York state $275 million

New York state could lose more than $275 million in funding if Congress doesn't act by March 1 to avert the spending cuts.

Manufacturers wait as sequester looms

Connecticut’s roughly 36,000 employees in the defense industry are anxiously waiting for Washington’s decisions on how it will deal with the March 1 sequestration deadline.

Congress sidesteps cliff, postponing sequester

At the 13th hour, with a deal seemingly on the verge of collapse, the U.S. House of Representatives rallied to pass a deal preventing tax hikes for most Americans and postponing billions of dollars in spending cuts that were to take effect.

Himes, analysts predict U.S. will avert ‘fiscal cliff’

With the infamous fiscal cliff now less than three months away, Congressman Jim Himes on Sept. 27 told a group of financial industry representatives that he thinks there is a seven in 10 chance that Congress reaches a “grand bargain” akin to the Simpson-Bowles plan released in late 2010.

Northrop Grumman going dark in Norwalk

On a Wednesday in mid-June, the Norden Retirees Club scheduled its quarterly luncheon at a restaurant in Milford where Norden Laboratories first established a...