Business and Economic News

National debt hits new milestone, topping $22 trillion
The Treasury Department's daily statement showed Tuesday that total outstanding public debt stands at $22.01 trillion. It stood at $19.95 trillion when President Trump took office on Jan. 20, 2017.
Walz's Commerce Dept. to renew Line 3 appeal
Last summer, state utility regulators approved the controversial $2.6 billion pipeline replacement project. Former Gov. Mark Dayton's administration appealed that decision. Walz announced Tuesday his administration will file its own challenge.
Sweden's cashless experiment: Is it too much too fast?
In Sweden, few people use cash anymore. Most people pay by card, online or with digital apps, and that trend is spurring a new debate on whether going cashless is fair for everyone.
Denver teachers strike over base pay
After more than a year of negotiations, the teachers union and the school district still can't agree on a base pay increase. The district's plan depends too much on incentive bonuses, the union says.
Facing a critical shortage of drivers, the trucking industry is changing
The trucking industry has faced a shortage of drivers for years, but the problem is compounded now with baby boomer retirements, increased freight demands and a high turnover rate.
'Blindsided': Developer of stalled project blames Mayo Clinic
The developer of a much-touted -- but now suspended -- hotel, retail and residential development on prime Rochester real estate blamed Mayo Clinic for launching a competing hotel that put the project at a "considerable competitive disadvantage."
Amazon CEO Jeff Bezos accuses 'National Enquirer' of extortion over personal photos
In purported emails posted online by Bezos, executives for National Enquirer parent company AMI threaten to publish intimate photos of Bezos if The Washington Post publishes a story about the tabloid.
Data center smoke causes outage for Wells Fargo customers
Smoke at Wells Fargo's data center in Shoreview, Minn., left some of the bank's customers without access to online or mobile banking as well as other services Thursday.
APM Reports: In cities on the Great Lakes, water pipes are crumbling and poor people are paying the price
Americans are struggling to afford their rising water bills, and thousands of poor families have had their service shut off. This growing crisis has a dark irony: It's especially acute in a region where water is most abundant -- the Great Lakes.
BB&T and SunTrust to merge, forming 6th-largest bank in the U.S.
The new bank is set to have its headquarters in Charlotte, N.C. Both of the banks are calling it a "merger of equals," but the deal is weighted toward BB&T, whose CEO will be in charge.