Baltimore Gas & Electric says it is seeking rate increases for electricity and natural gas distribution. Company officials say they asked state regulators Friday for the increases. The utility says they are needed to make improvements to comply with recently ...Read More »
WASHINGTON — U.S. wholesale prices rose only slightly last month, as higher costs for food and pickup trucks offset another drop in energy prices. But overall inflation stayed mild, leaving the Federal Reserve room to take steps to boost the ...Read More »
WASHINGTON — High energy prices and an economy that has been slow to rebound are worsening Social Security’s finances, shortening the life of the trust funds that support program by three years, the government said Monday. Those funds will now ...
Tagged with: benefits Congress cuts disabled energy prices finances Government Health and Human Services Secretary Kathleen Sebelius medicare retirees social security spending timothy geithner treasury secretary timothy geithnerRead More »
WASHINGTON — U.S. businesses cut back on orders for airplanes, autos and heavy machinery in June, lowering demand for factory goods for the second time in three months. The Commerce Department says orders to U.S. factories fell 0.8 percent in ...Read More »
WASHINGTON — Consumers spent more in April but much of the increase was eaten up by higher food and energy prices. After discounting for the jump in prices, spending barely budged and after-tax incomes were flat for a second straight ...Read More »
WASHINGTON — More expensive gas pushed U.S. wholesale prices higher last month, although pricier cars and furniture also contributed to increase. The Producer Price Index, which measures price changes before they reach the consumer, rose 0.7 percent in March, the ...Read More »
WASHINGTON — Federal Reserve officials raised concerns last month that a big jump in energy prices could weaken the economy and unleash inflation, prompting a few to suggest the possibility of tightening credit this year. Such a move usually involves ...Read More »