Senate GOP Leader Mitch McConnell demanded that President Joe Biden pressure Democratic congressional leaders to follow him in separating a bipartisan $579 billion infrastructure plan from a larger tax and spending bill that would carry out the rest of his economic agenda.
June 28, 2021Search
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Mack Opens Dedicated Production Line for Army Truck
Mack Defense, a unit of Mack Trucks, announced it is now producing heavy dump trucks at the Mack Experience Center, after a $6.5 million investment to create a dedicated production line at the facility in Allentown, Pa.
June 25, 2021Chip Shortage Will Get Worse, Intel CEO Says
Intel Corp. CEO Pat Gelsinger predicted the shortage of semiconductors that’s hurting industries from automotive to consumer electronics will bottom out in the second half of this year before starting to improve.
June 25, 2021Uncertainty Surfaces Over Infrastructure Deal
WASHINGTON — Livid and “blindsided” over President Joe Biden’s refusal to sign a bipartisan infrastructure deal without passage of his broader priorities, Republican senators June 25 were frantically considering options as the future of the sweeping compromise appeared in doubt.
June 25, 2021Infrastructure Spending Promises Boost for Construction Industry
Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies with ties to the construction industry a solid foundation for growth.
June 25, 20217-Eleven Ordered to Sell 293 Speedway Stores
7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business.
June 25, 2021Congress Reinstates Obama Methane Rule for Oil, Gas Wells
The House voted June 25 to rescind a Trump-era rule blocking the Environmental Protection Agency from directly limiting oil industry emissions of the powerful greenhouse gas methane, a move that would restore requirements imposed by the Obama administration while freeing the agency to craft new more stringent rules for the oil and gas industry.
June 25, 2021Labor, Food Shortages in Supply Chain Take Toll on Restaurants
For many restaurateurs across Connecticut, daily deliveries of food have become inconsistent, later than usual and sometimes canceled at the last minute. Part of the problem is a shortage of staff at food purveyors and trucking companies.
June 25, 2021Oil Refiners Win at Supreme Court With Easier Waivers on Biofuel
The Environmental Protection Agency has wide latitude to exempt refineries from federal mandates that they mix renewable fuels into gasoline and diesel, the U.S. Supreme Court ruled June 25, a victory for oil companies seeking a break from the requirements.
June 25, 2021Consumer Spending Flat in May
WASHINGTON — Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. Inflation, however, posted a sizable gain of 0.4%.
June 25, 2021