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Business and Economic News

It's not just Texas: The entire energy grid needs an upgrade for extreme weather

It's not just Texas: The entire energy grid needs an upgrade for extreme weather

The U.S. power grid was designed for technology and weather that existed in the 1950s, '60s and '70s, says energy consultant Alison Silverstein. Now, she says, it needs to be updated for a future that includes climate change.
by Jeff Brady

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Minnesota offering more energy assistance in wake of severe winter weather

Minnesota offering more energy assistance in wake of severe winter weather

The Minnesota Department of Commerce says qualifying households can now receive up to $1,200 in emergency energy assistance this year, up from the usual $600 maximum, in the wake of this month’s severe winter weather that drove up utility costs.
by David H. Montgomery

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The power is back on in Texas. Now comes the recovery, and it won't be cheap

The power is back on in Texas. Now comes the recovery, and it won't be cheap

Texas racked up tens of billions of dollars in electricity expenses as a free-wheeling market design sent prices skyrocketing in the wake of winter storms. The state could spend years paying down those costs — costs that many experts say were avoidable.
by Camila Domonoske

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Key aspects of the COVID-19 relief bill advancing in Congress

Key aspects of the COVID-19 relief bill advancing in Congress

The Democrats' goal is to have COVID-19 relief approved by mid-March, when extra unemployment assistance and other pandemic aid expires. The Senate, which Democrats control with a tie-breaking vote from the vice president, will consider the bill next.
by The Associated Press

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Biden hails House passage of $1.9T pandemic relief bill

Biden hails House passage of $1.9T pandemic relief bill

The House approved a $1.9 trillion pandemic relief bill that was championed by President Joe Biden, the first step in providing another dose of aid to a weary nation as the measure now moves to a tense Senate.
by The Associated Press

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Front-line food plant workers up next for COVID-19 vaccine

Front-line food plant workers up next for COVID-19 vaccine

Meat and poultry processing plants were at the epicenter of some of the earliest COVID-19 outbreaks in communities in central and southern Minnesota. Vaccinations for the 45,000 workers at the state’s food processing plants are expected to begin in April.
by Kirsti Marohn

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With House voting on relief bill, Democrats mull wage plan rescue

With House voting on relief bill, Democrats mull wage plan rescue

A $1.9 trillion package aimed at helping the country rebuild from the pandemic seems headed toward House passage. Now, Democrats are also searching for a way to revive their drive to boost the minimum wage. 
by The Associated Press

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With one move, Congress could lift millions of children out of poverty

With one move, Congress could lift millions of children out of poverty

Lawmakers are weighing a proposal to give families with kids a monthly, cash benefit to help ease the lifelong pull of poverty. Experts say it could cut U.S. child poverty nearly in half.
by Cory Turner and Anya Kamenetz

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Budget turnaround: Projected $1.6B surplus shoves aside deficit

Budget turnaround: Projected $1.6B surplus shoves aside deficit

Minnesota finance officials say higher revenue and lower spending have turned what had been a budget deficit into a projected $1.6 billion surplus. Policymakers will use the latest figures to set a new two-year state budget, with taxes at the center of the discussion. 
by Brian Bakst and Tim Pugmire

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