Government
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(Updated, 1:54 p.m.) State and federal law enforcement officials were seen entering the office and home of R.I. House Speaker Gordon D. Fox, according to WJAR-TV NBC 10, among other news outlets. more
National Grid has submitted a proposal to the R.I. Division of Public Utilities and Carriers to construct the transmission system for the Deepwater Wind Block Island Wind Farm, instead of purchasing the completed system from Deepwater Wind as in previous plans. more
Rhode Island is awarding $1.5 million in matching training grants to improve the job skills of 4,775 employees at 68 companies in the state. more
As many as 89,300 Rhode Islanders could be affected by an increase of the federal minimum wage to $10.10 an hour from the current $7.25 an hour, according to a fact sheet released by the White House on Wednesday. more
The R.I. Office of Regulatory Reform has released a report outlining key findings and recommendations from period three of the Regulatory Reform Initiative to analyze all state-agency regulations and their impact on Rhode Island’s small businesses. more
The U.S. Department of Housing and Urban Development on Wednesday awarded nearly $1.8 billion to improve and preserve public housing in all 50 states including Rhode Island, which received $12.6 million. more
Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, must face a lawsuit by a bond insurer over what it claims was the bank’s sale of $1.15 billion of securities backed by “thousands of defective and fraudulently originated” home loans. more
Federal Reserve officials predicted their target interest rate would be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast, as they upgraded projections for gains in the labor market. more
Rhode Island’s state debt per capita of $8,769 for fiscal year 2012 ranks third-highest in the United States, according to the Tax Foundation’s 2014 “Facts and Figures” report released Wednesday. The annual report compiles tax and collections data for each of the 50 U.S. states and the District of Columbia, and ranks each state on 39 different measures of tax and fiscal policy. more
At an award ceremony held Tuesday, North Smithfield Town Administrator Paulette Hamilton accepted $7,500 and three commemorative street signs on behalf of the town as Rhode Island’s first municipality to complete the Rhode Island Energy Challenge, a community campaign jointly managed by National Grid and the nonprofit SmartPower to promote household energy efficiency. more
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