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Minn. Legislature adjourns after passing $72B budget

ST. PAUL, Minn. (AP) — The Minnesota Legislature put the final touches on a $72 billion state budget and adjourned for the year Monday night as Democrats celebrated enacting an ambitious agenda that ranged from protecting abortion rights, to providing more resources for education, to legalizing marijuana. The big tax bill of the session, which cleared its final test Sunday evening, included $3 billion in tax cuts, including modest one-time rebates from the state’s $17.5 billion budget surplus. But lawmakers also approved tax increases to provide ongoing funding for long-term ...

Stock market today: Wall Street slides as debt worries worsen

NEW YORK (AP) — Stocks are sliding Tuesday as the U.S. government creeps closer to the edge of a potentially disastrous default on its debt. The S&P 500 was 1% lower after House Speaker Kevin McCarthy said, “We’re not there yet” on a deal to prevent the U.S. government from running out of cash. That followed a meeting late Monday that he and President Joe Biden called productive but ultimately ended with no agreement. The Dow Jones Industrial Average was down 189 points, or 0.6%, at 33,097, as of 3 p.m. Eastern time, while the Nasdaq composite was 1,1% lower. Until now, the ...

Asian stocks mixed after US debt talks fail to break impasse

BEIJING (AP) — Asian stock markets were mixed Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default. Shanghai and Hong Kong declined while Tokyo and Sydney advanced. Oil prices rose. Wall Street’s benchmark S&P 500 index edged up less than 0.1% on Monday as Congress and the White House negotiated over Republican demands to cut social programs in exchange for agreeing to raise the amount the government can borrow. “The resumption of debt ceiling negotiations spurred some hopes despite distinct risks of brinksmanship ...

How to pick a socially responsible bank

The Associated Press It has never been easier to open a bank account, especially with the spread of online services, but there has also never been so much choice about where to put your money. If you’re overwhelmed by your banking options, think about your ability to shape social change with your money. Now is a great time to consider becoming a customer at a socially responsible bank. What is a socially responsible bank? Corporate social responsibility is the self-regulation that businesses do to help promote a positive impact on environmental or social issues, such as racial ...

Textron Aviation unveils newest addition jet family

Business Wire The Cessna Citation business jet family is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company. “Of the Citation family, there’s none more flown than the Citation 560XL series. With an 560XL aircraft taking off or landing every two minutes somewhere in the world, this aircraft will be part of the most successful business jet family,” said Ron Draper, president and CEO, Textron Aviation. “On behalf of our teams, we are proud to announce the latest innovation in the Citation family — the new Cessna Citation Ascend. We asked ...

What it would mean for the economy if US defaults on debt

WASHINGTON (AP) — If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone. The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for Chinese factories that sell electronics to the United States could dry up. Swiss investors who own U.S. Treasurys would suffer losses. Sri Lankan companies could no longer deploy dollars as an alternative to their own dodgy currency. “No corner of the global economy will be spared’’ if the U.S. ...