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Economy

What are impacts from a lack of services?

Funding shortages are not the only challenges to getting legal aid to people in rural communities. Some do not have legal services providers, or the agency that serves their area is not in close proximity, leaving many in need somewhat ...

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Group lays out tax relief plan

A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa., in this file photo. Unshackle Upstate, a business lobbying group, wants high-volumne natural gas drilling in the Southern Tier and elimination of certain taxes to improve the economy. AP Images

An $860 million plan advocates for high-volume natural gas drilling in the Southern Tier and calls for the phasing out and eventual elimination of certain taxes that would improve the upstate economy. The New ERA for Upstate plan — short ...

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Crisis shifts to looming debt trouble

WASHINGTON — Efforts to resolve the government shutdown were at a standstill Thursday as President Barack Obama and House Speaker John Boehner traded barbs, the Treasury warned of a dire risk to the economy ahead and work in the Capitol ...

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Economist: Short-term pain, long-term gain

For the first time in years, greater Rochester’s economic recovery is not expected to outpace the growth in the U.S. economy. But, according to Gary Keith, vice president and regional economist at M&T Bank, the long-term economic forecast remains bright ...

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US borrowing authority to be exhausted by Oct. 17

WASHINGTON — Treasury Secretary Jacob Lew said Wednesday the government will have exhausted its borrowing authority by Oct. 17, leaving the United States just $30 billion cash on hand to pay its bills. That’s a slightly worse financial position than ...

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Senate clears hurdle on stopgap spending bill

WASHINGTON (AP) — The Senate has cleared a hurdle on a stopgap spending bill that would avert a government shutdown and unravel President Barack Obama’s health care law. The vote was 100-0 and came an hour after freshman Sen. Ted ...

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Poverty stuck at 15 percent – record 46.5M

WASHINGTON — The nation’s poverty rate remained stuck at 15 percent last year despite America’s slowly reviving economy, a discouraging lack of improvement for the record 46.5 million poor and an unwelcome benchmark for President Barack Obama’s recovery plans. More ...

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Report cites weak employment

ALBANY — A new report on New York’s economy calls the last 10 years a “lost decade” for typical workers, with median wages dropping almost 7 percent for men and about 1 percent for women. The Fiscal Policy Institute said ...

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Moody’s: County finances on downward spiral

Monroe County’s credit rating has been downgraded by Moody’s Investor Services from A3 to Baa1, which county Democrats say now puts the county only two steps above junk bond status. In its announcement Tuesday, Moody’s also changed the county’s outlook ...

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Economic impact from PGA tourney a big hit

Sales of merchandise at the Oak Hill Country Club, as seen on Tuesday, is only one of the economic benefits the PGA Championship brings to the area.
Mike Murphy

Lt. Gov. Robert Duffy said it’s exciting to see the cars and people pouring into the streets as they make their way to Oak Hill Country Club and the PGA Championship. And to see kids along the side streets, hawking ...

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Rising tax revenue eases pressure for budget cuts

WASHINGTON — Rising tax receipts are shrinking the federal deficit, and that will shape the budget debate when Congress returns from vacation next month. The big question for lawmakers: Should they renew, end or modify the tens of billions of ...

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