Government
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About 4,900 long-term unemployed Rhode Islanders will lose their federal emergency jobless benefits following the decision by Congress not to include an extension of unemployment benefits in the budget deal approved Dec. 18, the Associated Press reported Thursday. more
The U.S. Small Business Administration has revised its size standards for the utilities and construction industries, redefining the maximum size a firm can be and still be considered a small business. more
The R.I. Division of Taxation on Monday identified the first three projects to sign contracts under the state’s revived historic preservation tax credit program. more
Bank of New York Mellon Corp., the world’s largest custody bank, agreed to repay Massachusetts’ public pension funds $15.45 million to settle fraud claims brought by the state’s top securities regulator. more
Deepwater Wind LLC, the renewable- energy developer planning wind projects off the U.S. Atlantic Coast, expects its Block Island Wind Farm to qualify for a federal tax credit that expires this year. more
The U.S. Senate cleared and sent to President Barack Obama the first bipartisan budget produced by a divided Congress in 27 years, resolving for now spending issues that had helped spur a government shutdown in October. more
The Federal Reserve announced plans to cut its monthly bond purchases to $75 billion from $85 billion, taking its first step toward unwinding the unprecedented stimulus that Chairman Ben S. Bernanke put in place to help the economy recover from the worst recession since the 1930s. more
(Updated, 9:35 a.m.) General Treasurer Gina M. Raimondo will run for governor of Rhode Island as a Democrat, she announced Wednesday in a video posted on her website. Raimondo said in the announcement video that Rhode Islanders “deserved a state that didn’t continue to kick financial decisions down the road,” a reference to her work engineering a controversial overhaul of the state pension system in 2011. more
The Conservation Law Foundation filed a lawsuit Monday against the owners and operators of Rhode Island’s Central Landfill in Johnston for violations of the Clean Air Act. more
The land slated for development around T.F. Green Airport and a commuter-rail station has a new name and website to market it. The 95-acre former Warwick Station Development District is now called City Centre Warwick. more
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