U.S. economy grew 6.4% in 1st quarter, and it’s likely just the start

economy

Published
June 24, 2021

U.S. economy grew 6.4% in 1st quarter, and it’s likely just the start

Additional economic data points to a nation that has regained its footing quickly after being thwacked by a global pandemic, though jobless claims remain stubbornly above 400,000.
Published
May 18, 2021

White House memo sees economic strength where critics see fragility

It says 'our economy is likely to largely heal by the end of the year' and the administration doesn't foresee long-term inflation.
Published
May 4, 2021

Mills unveils plan for COVID-19 recovery and use of more than $1 billion in federal aid

The governor says her plan is focused on immediate economic recovery from the pandemic, long-term economic growth and infrastructure revitalization.
Published
March 22, 2021

COVID-19 stimulus bill to create $500 million windfall for Maine towns and cities

The huge package passed by Congress will provide cash-strapped local governments a substantial source of additional revenue over the next two years, and some already have ideas on how to use it.
Published
November 20, 2020

Mnuchin denies he’s trying to hinder Biden on economic recovery

The treasury secretary says his decision to end several emergency loan programs was based on the fact they were not being heavily utilized.
Published
November 16, 2020

‘More people may die if we don’t coordinate’: Biden urges Trump to aid transition

Maine's Republican Sen. Susan Collins joins in the call for Trump to work with the transition team, saying it's ‘absolutely crucial that the apparent president-elect and his team have full access to the planning that has gone on’ for vaccine distribution.
Published
September 9, 2020

Mills administration proposes hiring freeze, spending cuts to offset revenue lost to pandemic

The plan proposes a hiring freeze and delaying technology upgrades to help make up for more than $500 million in revenue losses.
Published
September 8, 2020

National eviction ban may help thousands of Mainers – for now

A moratorium on certain pandemic-related evictions has been imposed through the end of the year, but many say further congressional action is needed to address the threat of mass homelessness.
Published
September 2, 2020

Fed survey finds widespread pessimism about economic future

The report says that echoing across the country is the continued uncertainty stemming from the pandemic and its negative effect on consumer and business activity.
Published
August 13, 2020

Remotely affected: Empty offices are hurting businesses that serve them

Companies that cater to offices and office workers are finding a challenging business environment with large numbers of people working from home.