Both Gov. Janet Mills and former Gov. Paul LePage have carried the city on their previous paths to the Blaine House.
inflation
Posted inElection 2022, News, Politics
Ad Watch: LePage ad claims big budget increase under Mills
In ‘Maine Choices,’ former Gov. Paul LePage claims Gov. Janet Mills’ budget was 580% higher than inflation. It’s true, but that isn’t as damning as the Republican challenger would like you to believe.
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Posted inNation / World, News
Biden at UN to call Russian war an affront to body’s charter
White House officials say the crux of President Joe Biden’s visit to the U.N. this year would be a full-throated condemnation of Russia as its brutal war nears the seven-month mark.
Posted inBusiness
More Mainers visit pantries as food insecurity spreads
As donations drop and Maine food banks struggle to meet rising demand, food bank officials call on federal government to extend food access programs.
Posted inBusiness, Nation / World, News
Inflation eases as consumer prices rise 6.3% in July
Inflation started rising sharply in the spring of 2021 as the economy rebounded with surprising speed from the short but devastating coronavirus recession a year earlier.
Posted inBusiness, Uncategorized
U.S. retail sales were flat in July as inflation takes a toll
Persistently high inflation and rising interest rates forced many households to spend more cautiously.
Posted inBusiness, Nation / World, Schools & Education
Back-to-school shopping: Families reach for cheaper options
A basket of roughly a dozen supply items showed a price increase of nearly 15% on average for this back-to-school season compared with a year ago as inflation squeezes all areas.
Posted inBusiness, Nation / World, News, Politics
Biden calls inflation-fighting deal with Sen. Manchin ‘godsend’ for U.S. families
A 15% corporate minimum tax will help fund the new costs, with extra going to deficit reduction.
Posted inBusiness, Nation / World, News
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
Posted inBusiness, Nation / World
Fed unleashes another big interest rate hike in bid to curb inflation
The Federal Reserve’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.