Economy News

New Bill Proposes Savings Accounts for All Wisconsin Kids

Article Summary – A bipartisan bill introduced in the Wisconsin State Legislature proposes creating a savings program, WisKids, for every child born or adopted in the state. The program would set up a state-owned savings account for each child, seeded with $25, which could be put towards post-secondary education once

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IRS crackdown on rich tax evaders surpasses expectations

Article Summary – The Inflation Reduction Act, enacted by Democrats in Congress in 2022, invested $80 billion in the Internal Revenue Service (IRS) with the expectation of recovering $180 billion in additional revenue over a decade from wealthy taxpayers. However, a recent analysis by the U.S. Department of the Treasury

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GOP urges Biden to revoke energy-saving policy for families

Article Summary – Over 150 House Republicans issued a letter on February 4 urging President Joe Biden to end the recently implemented pause on permitting liquefied natural gas (LNG) exports. The Biden administration announced its decision on January 26, citing the standards used to evaluate permits, potential energy cost increases,

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New Department Helps Residents Succeed in Michigan

Article Summary – The newly established Michigan Department of Lifelong Education, Advancement and Potential (MiLEAP) aims to improve the state’s educational outcomes from preschool through college. The department is focused on making education from prekindergarten onwards more accessible and affordable, with initiatives such as universal free pre-K for all 4-year-olds

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Job market ends year with steady hiring, wage increase

Article Summary – The US economy added 216,000 jobs in December, with the unemployment rate remaining at 3.7%. Sectors that saw significant job growth include healthcare, local government, construction, and social assistance. Wages reportedly outpaced inflation, with average hourly earnings increasing by 15 cents and rising by 4.1% over the

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Biden’s infrastructure law aids small manufacturers in Pennsylvania

Article Summary – The Appalachian Regional Commission has granted $10 million to aid small and mid-sized manufacturers in southwestern Pennsylvania in their expansion into green technology and clean energy. The commission, a collaboration between the federal government and 13 states, was established in 2022 as part of the Infrastructure Investment

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Democratic bill aims to boost housing for ex-inmates in Michigan

Article Summary – The Michigan Fair Chance Access to Housing Act, or House Bill 4878, was introduced to prohibit landlords from considering an applicant’s criminal history during the tenant screening process. The bill, supported by dozens of criminal justice advocates and formerly incarcerated people, stipulates that if an applicant meets

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Pennsylvania Ranks 4th in US ‘Candy Economy’

Article Summary – The Hershey Company in Pennsylvania, ranked 33 on Forbes’ list of America’s Best-in-State Employers in 2023, has contributed positively to the local economy. In 2022, Hershey’s sales reached $10.4 billion, up 16% from the previous year, and the company employed 19,865 full-time workers. The company, together with

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Union Workers Applaud Biden’s Hydrogen Hub Initiative

Article Summary – President Joe Biden announced a $7 billion initiative to increase the availability of hydrogen as a fuel source and curb carbon dioxide emissions, with a view to create seven regional hydrogen hubs. The Mid-Atlantic Hydrogen Hub, covering the Pennsylvania-New Jersey-Delaware region, is estimated to create about 20,800

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Michigan ads promote inclusion and prosperity to attract workers

Article Summary – The Michigan administration, led by Gov. Gretchen Whitmer, has launched a $20 million national marketing campaign, “You Can in Michigan,” aiming to drive population growth in the state. The campaign includes social media, television, and radio ads targeting 12 states and several progressive cities and featuring an

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