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Tag Archives: U.S. Economy

A blur of lobbyists as transportation bill takes shape

WASHINGTON — Congress is racing toward a Friday deadline to renew the law that pays for national transportation programs, and lobbyists trying to shape the legislation are in a frenzy. Among the issues: the length of trucks allowed on roads, whether recalled used cars must be repaired before they can be sold and how to pay for bridges and highways. ...

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Alaska politicians eye sacred oil checks amid budget deficit

JUNEAU, Alaska — Alaska is facing multibillion-dollar deficits amid chronically low oil prices and relying on savings to help balance the budget. That’s not sustainable, and is leaving first-term Gov. Bill Walker with some tough choices as he drafts the next budget. One of those decisions could reduce the amount of the yearly check nearly every Alaskan receives just for ...

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U.S. import prices fall on petroleum, range of goods

WASHINGTON – U.S. import prices fell more than expected in October as the cost of petroleum and a range of goods declined, a sign that a strong dollar and soft global demand continued to exert downward pressure on imported inflation. The Labor Department said on Tuesday import prices dropped 0.5 percent last month after a revised 0.6 percent decline in ...

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California oil industry laments rejection of key pipeline project

Kern County oil and gas companies, cut off by geography from any direct benefits of the Keystone Pipeline proposal, nevertheless joined the national petroleum industry Friday in expressing disappointment with President Barack Obama’s rejection of the politically fraught infrastructure project. Locally operating petroleum producers said the White House missed an opportunity to enhance national energy security and bolster the U.S. ...

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Burst of hiring: US employers added 271,000 jobs in October

WASHINGTON — U.S. hiring roared back in October after two weak months, with employers adding a robust 271,000 jobs and likely setting the stage for the Federal Reserve to raise interest rates next month. The unemployment rate dipped to a fresh seven-year low of 5 percent from 5.1 percent. The burst of hiring, the most since December, filled jobs across ...

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U.S. September trade deficit smallest in seven months

WASHINGTON – – The U.S. trade deficit narrowed sharply in September to its lowest level in seven months as exports rebounded, a tentative sign that the worst of the drag from a stronger dollar may be over. The Commerce Department said on Wednesday the trade gap fell 15 percent to $40.8 billion, the smallest deficit since February. Lower crude oil ...

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