While lower rates can goose the economy by making it cheaper to borrow and boosting prices for investments, they can also offer more fuel for inflation.
News
Local, state and national news from the Kennebec Journal and Morning Sentinel.
Posted inNation & World, Politics
Government funding plan collapses as Trump makes new demands days before shutdown
The president-elect’s proposal combined continuation of government funds with a much more controversial provision to raise the nation’s debt limit.
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Posted inMaine, Nation & World, Schools and Education
Senate advances Social Security Fairness Act
The bill co-sponsored by Sen. Susan Collins of Maine would eliminate limits on Social Security benefits for public sector employees, including teachers and firefighters.
Posted inMaine, News
Wilton approves purchase of new ice skating rink for Kineowatha Park
Parks & Recreation Director Jordan Schanck plans to purchase a 60-by-80-foot EZ Ice Pro Home Arena System rink for $7,165.50 with a one-year warranty.
Posted inMaine, News
Fayette Select Board awards public works garage roof contract
Exterior specialist Troy Trimble recommended AdvanTech sheathing as the preferred material for the project.
Posted inCommunity
Augusta’s St. Michael School lists honor students
The school has announced its first trimester honor roll for the 2024-25 school year.
Posted inHealth, Lewiston-Auburn, News
Andwell Health Partners to scale back in-home pediatric services amid financial deficit
It is the latest local health care provider to scale back services amid reported financial losses, impacting some of the most vulnerable patients.
Posted inMaine, New England
Endangered whales found entangled in rope off Massachusetts, and 1 is likely to die
The critically endangered North Atlantic right whales number less than 400, and the species faces existential threats from entanglement in gear and collisions with ships.
Posted inMaine, News
Franklin County bans pets at county government buildings
The Franklin County Sheriff’s K-9s are considered employees of the county and are allowed in county government buildings.
Posted inMaine, Morning Sentinel, News
Skowhegan’s Sweet Dreams Project has Christmas gifts for 600 kids
Deb Tanner’s program has provided holiday gifts to children in Somerset County since 2016, thanks to donations from community members and businesses.