The package, an election year turnaround after loftier versions collapsed, will touch countless American lives and secure longtime party goals.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
GM recalls 484,000 big SUVs to fix problem with third-row seat belts
The recall covers Chevrolet Suburbans and Tahoes, Cadillac Escalades and GMC Yukons from the 2021 and 2022 model years.
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Posted inBusiness, Nation & World
Companies facing 1st ever tax on stock buybacks in Biden bill
Investors, including pension and retirement funds, like the buybacks. But critics of big corporations call the practice ‘paper manipulation’ to enrich executives and big shareholders.
Posted inBusiness
Stocks end higher on Wall Street; economic worries hit oil
The market’s choppy start to the week follows four straight weeks of gains for the S&P 500 on hopes that inflation is peaking and the Federal Reserve might ease its aggressive interest rate hikes.
Posted inBusiness, Nation & World
New climate deal spurs hopes of more carbon storage projects
University of Wyoming researchers are studying whether tiny spaces in rock deep underground can permanently store vast volumes of greenhouse gas emitted by a coal-fired power plant.
Posted inBusiness, Maine
Commercial solar industry on track to spend $540 million in Maine by 2027, study shows
But critics say the conclusions of the report by a renewable energy trade group ignore the potential impact development subsidies will have on electric rates.
Posted inBusiness, Maine, New England
New England farmers face new challenges as drought follows drought
Huge meanders of the jet stream, or air current, get stuck in place, locking in extreme weather events that can alternately be associated with extreme heat and drought in one location and extreme rainfall in another.
Posted inBusiness, Maine Cannabis Report, Nation & World
South Dakota tribe long opposed to alcohol embraces cannabis
The Oglala Sioux Tribe has banned alcohol for over 100 years, but views responsible cannabis use as a safe and natural medical treatment.
Posted inBusiness, Maine Cannabis Report, Nation & World
Voters to decide whether recreational cannabis will be legal in Missouri
Supporters get a constitutional amendment on the ballot after legalization efforts failed in the Legislature.
Posted inBusiness, Nation & World, News
Starbucks asks labor board to halt union votes temporarily
More than 220 U.S. Starbucks stores, including one in Biddeford, have voted to unionize since last year.