Business and Economic News

Walz plan spends billions for businesses, workers and environment
Gov. Tim Walz laid out spending plans Thursday or starting a family and medical leave program, bolstering the pay of health care aides, speeding the development of clean energy and helping small businesses and farmers. 
Here's why a high-stakes debt ceiling fight looms on Capitol Hill
House Republicans want to leverage must-pass legislation to raise the debt limit to extract federal spending cuts, but President Joe Biden and congressional Democrats aren't interested in negotiating.
Bill requiring carbon-free electricity in Minnesota by 2040 passes first committee
The bill drew support from clean energy advocates and labor unions hopeful it would reduce Minnesota’s reliance on fossil fuels to generate power and create clean energy jobs. But some rural electric cooperatives testified that it could be difficult to meet the mandate while maintaining affordable, reliable power.
Fed's Powell tests positive for COVID, has 'mild' symptoms
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing “mild symptoms,” the Federal Reserve announced. Powell is “up to date” with all COVID-19 vaccines and boosters, the Fed said, and is working from home.
4 ways around a debt ceiling crisis — and why they might not work
From an obscure congressional maneuver to a trillion-dollar coin, there are many ideas out there to help the U.S. can avoid debt default but they are untested and have major potential problems