Money & The Economy

Trump administration cancels $929 million for CA high-speed rail, seeks return of $2.5 billion already invested [full text of letter]

The U.S. Department of Transportation (USDOT) announced today that the Federal Railroad Administration (FRA) intends to cancel $929 million in…

8 years ago

Congress Wants Thousands More Acres Under Federal Control, but US Can’t Afford It

A lengthy public lands package sitting in Congress adds hundreds of thousands of acres of federally protected wilderness without securing…

8 years ago

Report: Sales of New Homes Down 8% in January

Sales of new single-family homes fell 8 percent year over year in January, fifth consecutive month of year-over-year declines in…

8 years ago

Late-Night Deal Breaks Deadlock Over Natural Gas Exports. The Trump Administration Is Ecstatic

The Federal Energy Regulatory Commission broke its deadlock over approving liquefied natural gas terminals. Commissioners hashed out a bipartisan agreement…

8 years ago

US Oil Output Hits 12 Million Barrel-A-Day Milestone Way Ahead Of Schedule

U.S. crude oil production hit 12 million barrels per day in mid-February, according to the Energy Information Administration’s (EIA) latest…

8 years ago

Southwest Grounds Hundreds Of Flights Amid Union Fight

Southwest Airlines saw an unusual spike in maintenance issues on its aircrafts “just days after our last negotiations session” with…

8 years ago

Tesla Loses Yet Another Top Executive

Tesla’s general counsel Dane Butswinkas is leaving his post in the electric car company after just two months on the…

8 years ago

US Oil Production On Track To Hit Another Milestone

The United States is forecasted to reach another milestone in oil output next month thanks to rising production in the…

8 years ago

Illinois Nearly Doubles Its Minimum Wage To $15

Democratic Illinois Gov. J.B. Pritzker signed a bill Tuesday raising the state’s minimum wage from $8.25 an hour to $15…

8 years ago

While January Home Price Growth Edged Up Nationally, West Coast Saw Red

Homebuyers are in the strongest position in years Supply of homes for sale grows at fastest rate since May 2015…

8 years ago