Governor Patrick’s proposed tax hikes polarize politicians
Mass. Gov. Deval Patrick spoke to state legislators Feb. 13, asking them to support his reformed tax plan which would generate an additional $1.9 billion annually for the Commonwealth. The plan was met with mixed responses. Patrick addressed a crowd outside the State House and asked them to consider the financial future of the Commonwealth. […]
Mass. defense companies hit hard by federal budget cuts
Several Massachusetts-based defense companies have faced a less fiscally supportive U.S. government due to cutbacks in federal military spending, and with more automatic cuts scheduled to take place at the beginning of March, the bad news might not be over. In Massachusetts, where economic growth has been slow in the defense contracting industry, these cuts could jeopardize nearly 60,000 […]
Markey, Lynch pledge to keep independent money out of election
U.S. Rep. Ed Markey and U.S. Rep. Stephen Lynch agreed to a “People’s Pledge” Wednesday to keep money spent by independent groups out of the Senate campaign to fill Secretary of State John Kerry’s former seat. “Because the candidates agree that they do not approve of such independent expenditure advertisements and/or direct mail, and want those advertisements and/or direct […]
CAP reports total student debt at $1 trillion
As student loan debt totals $1 trillion, according to a recent report, the government must increase its efforts to decrease the cost of higher education nationwide to prevent students from opting out of college, said Boston University economics professor Kevin Lang. “There are a number of things that can be done and seem to be […]
Pell Grants safe until 2015, report suggests
While government agencies tighten their budgets as the U.S. economy recovers from recession, the Federal Pell Grant’s foreseen shortfall in 2014 is now unlikely, and students will still receive government-subsidized financial aid, according to a report by the Congressional Budget Office Wednesday. Officials had anticipated $5.7 billion dollars in Pell Grant shortfalls by 2014, but […]
