Biden administration advances two renewable energy transmission projects in Nevada

The Department of the Interior on Thursday announced the push for two new proposed renewable energy transmission projects in Nevada, which together are expected to generate about 8 gigawatts. In a call with reporters on Thursday, the Bureau of Land Management (BLM) began the environmental review process and environmental impact draft for the Greenlink North […]

Congressional budget agency projects bigger deficits as talks on debt continue

Projections for this year’s government budget deficit were also impacted by proposed changes to student loan repayment plans and a series of bank bailouts orchestrated by federal regulators, the Congressional Budget Office announced Friday. According to the agency’s updated 10-year budget outlook for the country, revenue collections through April were lower than the agency expected, […]

Warner Bros. Discovery projects profitability for its US streaming this year

Check out what’s being clicked on The CEO of Warner Bros. Discovery gave an update on the profitability timeline for streaming in the US on Friday. On both the company’s first-quarter earnings announcement and a call with analysts, David Zaslav revealed that US drop-to-consumer profitability is expected to be “a year ahead of our […]

Ernst looks to rein in bloated federal projects, proposes bill targeting Biden’s ‘reverse Midas touch’

Exclusive: Senator Joni Ernst (R-Iowa) today announces new legislation aimed at curbing the amount of taxpayer dollars spent on late or overbudget projects. Senate Republican policy committee chairman introduces $1 billion Boondoggle Act. This allows government agencies to issue detailed reports on taxpayer-funded government projects that are more than five years behind schedule or cost […]

Biden administration to invest $140M in Western water projects

The Biden administration plans to invest $140 million in water conservation and efficiency projects across the western United States, the Interior Department announced Friday. The project includes 84 initiatives According to the Department of the Interior, 15 states are expected to save more than 230,000 acre feet of water when completed — enough water to […]

Goldman Sachs projects debt limit could be reached ‘in the first half of June’

Economists at Goldman Sachs said on Tuesday that the U.S. could reach its debt ceiling sooner than originally expected, possibly in the first half of June. Goldman economists initially forecast that these measures could continue through early August, after the Treasury Department announced earlier this year it would take “special measures” to allow it to […]

Harris to announce $300M in funds for nine bridge projects, including one in DC

The Biden administration on Thursday announced nearly $300 million in funding for nine different bridge projects across the country, including a Washington, D.C. bridge project connecting the district to Virginia. Vice President Harris announces the grant during an event on the Erland D. Williams Jr. Memorial Bridge, which spans the Potomac River and connects Washington, […]

IMF projects slowest rate of growth in decades, urges ‘support’ from wealthier countries

Kenny Polcari, Chief Market Strategist at SlateStone Wealth, explains how March hiring will affect future Fed rate decisions for Varney & Co. The global economy could hit its slowest growth rate in more than three decades, prompting the International Monetary Fund (IMF) to seek more support from low-income countries and member countries. “Additional support from […]

Biden administration announces $585 million for water infrastructure projects

The Biden administration will invest about $600 million in drought resilience and upgrading water infrastructure, an Interior Department official said Wednesday. Deputy Interior Secretary Tommy Boudreau said on a conference call with reporters that the administration would distribute about $585 million in funding from the bipartisan infrastructure law to 83 water projects in 11 states. […]