Electric vehicle company puts Indiana factory plans on hold
An electric vehicle startup has halted plans to start production at a northern Indiana factory and hire more than 450 workers.
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Labor Secretary Acosta resigning amid Epstein deal scrutiny
Labor Secretary Alexander Acosta said Friday he is resigning following renewed scrutiny of his handling of a 2008 secret plea deal with wealthy financier Jeffrey Esptein , who is accused of sexually abusing dozens of underage girls.
Teachers union sues DeVos over embattled loan relief program
The American Federation of Teachers filed a federal lawsuit, alleging that the Education Department has mismanaged the Public Service Loan Forgiveness program that was created in 2007. Just 1% of more than 86,000 applications had been approved for loan forgiveness as of March 31.
Trump kills key drug price proposal he once embraced
The drug rebate rule would have ended a widespread practice in which drugmakers give rebates to insurance middlemen in government programs such as Medicare. The idea was to channel that money to consumers instead.
Merritt calls Hogsett’s food insecurity plan ‘complete waste of money’
Republican mayoral candidate state Sen. Jim Merritt on Thursday criticized Mayor Joe Hogsett’s plan to spend about $580,000 on programs to combat food insecurity in Indianapolis and said it “will likely make the problem worse.”
Holcomb proposes extra spending after state sees record high reserves
Indiana ended the fiscal year with record-high reserves, it reported Thursday, prompting Gov. Eric Holcomb to propose spending nearly $300 million on five one-time projects.
Former Democratic state lawmaker Christina Hale running for Congress
Hale announced Thursday morning that she is seeking Indiana’s 5th District seat, which is being vacated by Republican Susan Brooks.
Powell signals that rate cut could be coming soon
Delivering the central bank’s semiannual report to Congress, Federal Reserve Chairman Jerome Powell said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.”
Former state health commissioner running for governor
The first Democrat has jumped into the 2020 gubernatorial race. Dr. Woody Myers on Wednesday morning said he would focus on education, health care and job creation during the campaign.
Starting flag set to wave on 2020 gubernatorial race
Dr. Woody Myers, a Democrat, and Gov. Eric Holcomb are expected announce their bids this week. And two more Democrats are waiting in the wings.
Billionaire, presidential candidate H. Ross Perot dies at 89
H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice ran for president as a third-party candidate, has died.
Hiking minimum wage would help millions, but cost up to 3.7M jobs, report says
Gradually raising the federal minimum wage to $15 an hour would boost pay for as many as 27 million workers, but it could also cost as many as 3.7 million jobs by 2025, according to a report released Monday from the nonpartisan Congressional Budget Office.
Judge strikes down rule requiring drug ads to reveal prices
Responding to a lawsuit by Eli Lilly and two other companies, a federal judge Monday blocked a major White House initiative on prescription drug costs, saying the Trump administration lacked the legal authority to require drugmakers to disclose their prices in TV ads.
IBJ, Indy Chamber team up to host mayoral debate
The debate is scheduled to take place during the chamber’s annual HobNob event, in August at the Crowne Plaza Indianapolis Downtown.
U.S. won’t impose rule to protect against coal ash spill costs
Environmental Protection Agency officials said Tuesday that modern industry practices and recently enacted regulations are sufficient to shield taxpayers from potential cleanup costs.
Noblesville mayor-elect Jensen views projected population surge as opportunity
But first—Chris Jensen said—the city needs to take steps that will help guide and keep a handle on the coming influx of residents and businesses.
Indiana officials plan Mexico trip to tout agriculture, tourism
Indiana Lt. Gov. Suzanne Crouch is set to be part of a delegation of agriculture and tourism leaders that will head to Mexico to develop economic partnerships and strengthen agricultural ties.
East-side not-for-profit plans $9 million, 51-apartment mixed-use project
To be known as St. Lucas Lofts, the project proposed by Englewood Community Development Corp. would include at least 10 units designated for individuals who are recovering from homelessness.
Developer of $66M apartment project downtown requesting $9.8M in TIF bonds
Under a proposed deal, the Boston-based developer of the 11-story project would receive a portion of the increase in property tax revenue generated by the project in order to pay off the bonds.
Buttigieg campaign reports fundraising of $24M in 2nd quarter
Democrat Pete Buttigieg’s latest numbers further cement him as a leading candidate and are sure to draw notice from rival campaigns, many of whom have struggled to raise money.