Government
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A partial shutdown of the federal government would cost the U.S. at least $300 million a day in lost economic output at the start, according to IHS Inc. more
The federal Institute of Museum and Library Services has allocated nearly $800,000 in competitive grants to three Rhode Island institutions to support programs for adults and children. more
A shutdown of the U.S. government would reduce fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, economists say, as government workers from park rangers to telephone receptionists are furloughed. more
The R.I. Division of Taxation has launched a new special investigations unit to crack down on tax fraud. more
Standard & Poor’s recent upgrading of East Providence’s general-obligation debt rating from BB+ to A is giving some members of the local business community reason for optimism after struggling for years with the city’s building fiscal stress. more
Seniors and disabled persons in Rhode Island with Medicare prescription drug plan coverage saved $7.2 million, or an average of $677 per person, on their prescription drugs in the first 10 months of 2013 through the Affordable Care Act’s Medicare discount program, the Centers for Medicare & Medicaid Services reported this week. more
Americans seeking cheap insurance on the Obamacare health exchanges may be in for sticker shock if they get sick next year, as consumers trade lower premiums for out-of-pocket costs that can top $6,000 a person. more
Customers Bank announced Monday a new program granting a one-month deferral on consumer loans for workers affected by the government shutdown, as well as a one-month forbearance on mortgage payments. 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
Lincoln D. Chafee has been a Republican, an independent and, for the past few months, a Democrat, along the winding political trail that’s taken him from mayor of Warwick to U.S. senator and, for the last three years, governor. more
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