Before the deficit ballooned during two years of a global pandemic, the biggest deficit had been a shortfall of $1.4 trillion, in 2009.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine’s top elected officials urge feds to throw out new lobstering rules
Gov. Janet Mills and all four members of Maine’s congressional delegation signed the letter to a top regulator urging the policy change.
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Posted inBusiness, Maine
Maine to give $5.6 million to businesses hurt by closure of Canadian border
The state will disburse federal CARES Act funds to charter transportation companies and other companies disrupted by the closure of the U.S. border with Canada.
Posted inBusiness
Consumer watchdog to probe Big Tech payment systems
‘Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits,’ the new director of the Consumer Financial Protection Bureau says.
Posted inBusiness, Maine, News
Maine home sales fell even as prices rose in September
Statewide home sales volume declined by nearly 10% from a year earlier, mirroring regional and national decreases.
Posted inBusiness, Nation & World
Existing home sales in U.S. surge as interest rates point higher
Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January.
Posted inBusiness, Nation & World, News
Maine, U.S. unemployment claims fall to new pandemic low
The lower numbers are evidence that layoffs are declining as companies hold on to workers.
Posted inBusiness, Nation & World
Stocks end higher, bringing S&P 500 to the cusp of a record
Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high
Posted inBusiness
Lower-income Americans starting to opt out of holiday spending
A survey released Wednesday shows that 11.5 percent of U.S. holiday shoppers say they plan not to spend anything on gifts and services this holiday
Posted inBusiness, Nation & World
Walgreens begins testing drone delivery in Texas
Walgreens will begin flying packages by drone to residents in a pair of Texas cities in partnership with Google’s drone-making affiliate, Wing