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
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
The Rhode Island state pension fund grew by $426 million in fiscal 2013 to $7.7 billion, the state Office of the Auditor General said Thursday. more
Fitch Ratings affirmed its “AA” rating and stable outlook on Rhode Island in light of last week’s announcement that a settlement reached between the state and public employee unions on pension reform would increase Rhode Island’s unfunded pension liability by $232 million. more
Daniel Shedd, president of Taylor Box Co. in Warren, is optimistic about the long-term prospects of HealthSource RI, the state’s new health-benefits exchange, and expects most small businesses will eventually use it to get insurance. more
Not long after Rhode Island lawmakers approved a $1.25 million package of new programs to fight joblessness last summer, the state’s unemployment rate began its latest creep upward before settling at 9 percent in November, 2 percentage points higher than the national average and tied for the highest in the country. more
In the five weeks ended Feb. 8, 4,742 people enrolled in private plans through Rhode Island’s health care exchange, bringing the total number of HealthSource RI enrollments to 16,512. Medicaid enrollments totaled 35,821, climbing 80 percent from the 19,941 enrollments reported as of Jan. 4. more
Gov. Lincoln D. Chafee proposed an $8.5 billion fiscal 2015 budget on Wednesday that freezes tuition at public colleges and extends the state historic-tax-credit program. Chafee delivered the budget proposal along with his final State-of-the-State address that focused on education and infrastructure. more
Attorney General Peter F. Kilmartin has filed an amicus brief with the U.S. District Court in support of the Massachusetts lawsuit against the National Oceanic and Atmospheric Administration seeking to reverse a federal regulation that reduces ground-fishing allotments by 77 percent. more
(Updated 2:10 p.m.) A press conference expected to publicize details of a proposed settlement of the state’s pension battle with public employee unions was abruptly canceled early Wednesday morning at the joint request of state and union attorneys, according to the Federal Mediation and Conciliation Service. more
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