Federal Government

Daniels: Stimulus should focus on companies, not states

August 9, 2010
Bloomberg News
Indiana Gov. Mitch Daniels said he opposes more stimulus such as aid to states to keep teachers hired and to expand credit to small business, while favoring incentives to revive private hiring and investment.
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Federal agents' raid hits University Loft at tough timeRestricted Content

July 24, 2010
Kathleen McLaughlin
Military contracts have helped shore up sagging sales at University Loft Co., the furniture maker federal agents raided two weeks ago. Still, University Loft's work force is almost 50 percent off its recent peak.
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Indianapolis native Marie Johns named SBA deputy administrator

July 24, 2010
 IBJ Staff
The U.S. Senate recently confirmed her appointment to the No. 2 job.
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Proposal: Link federal aid to performance of ITT, peers

July 23, 2010
Bloomberg News
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.
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Historic financial overhaul signed into law by Obama

July 21, 2010
Associated Press
Rep. Mike Pence of Indiana, a member of the House GOP leadership, on Wednesday joined House Minority Leader John Boehner of Ohio in calling for the law's repeal.
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Federal agents raid University Loft headquarters

July 13, 2010
 IBJ Staff
Agents descended on the contract-furniture maker to execute a sealed search warrant. A spokeswoman for U.S. Attorney Tim Morrison said no arrests were made.
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Central Indiana aims to become electric vehicle powerhouseRestricted Content

July 3, 2010
Chris O'Malley
Central Indiana might be in line to tap hundreds of millions of dollars in federal grants and loan guarantees to energize the rollout of plug-in electric cars and trucks. Both chambers of Congress are considering measures that would require the Department of Energy to select up to 15 cities nationwide to participate in a national electric vehicle deployment program.
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Program tying doctor bonuses to quality goes statewideRestricted Content

July 3, 2010
J.K. Wall
The program currently includes 1,200 physicians—about 10 percent of all doctors in Indiana.
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Lilly's Effient steps forward, then back

June 30, 2010
J.K. Wall
A day after doctors were alerted to a black-box warning that could slow sales of Effient’s main competitor, Plavix, a medical journal published research showing that patients suffered 43-percent more cancer tumors on Effient than on Plavix.
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Doctors breathe a sigh of relief

June 30, 2010
J.K. Wall
As doctors threaten to drop Medicare patients, Congress delays cuts for another six months.
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$69M U.S. Courthouse modernization a boon for local firms

June 29, 2010
Cory Schouten
More than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S. Courthouse in the state's largest individual project funded by the federal stimulus.
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Lawmakers approve big Wall Street revamp

June 25, 2010
Bloomberg News
Bill headed for Obama's desk would reform financial regulation in effort to protect consumers, curb risks, boost surveillance of threats to markets, and give regulators more emergency powers to avoid future bank bailouts.
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Home Loan Bank CEO dashes talk of impending mergerRestricted Content

June 19, 2010
Greg Andrews
The recent chatter followed the bank board’s decision to award CEO Milton J. Miller II a severance agreement entitling him to extra pay in the event of a merger.
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Carmel-based power provider receives $5M federal grant

June 16, 2010
The Indiana Municipal Power Agency will use funds through the American Recovery and Reinvestment Act to retrofit streetlights in 20 communities that it serves.
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New federal rules target for-profit college recruiting

June 16, 2010
Bloomberg News
The Obama administration proposed banning for-profit colleges, including Carmel-based ITT Educational Services Inc., from tying recruiters’ pay to the number of people they enroll, saying high-pressure sales tactics induced students to take out government loans they can’t afford.
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Rolls-Royce opens plant making part for Joint Strike Fighter

June 11, 2010
Kathleen McLaughlin
The new "focused factory" in Plainfield will produce lift fans for the Joint Strike Fighter aircraft. The fan allows one version of the aircraft to make helicopter-like landings.
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Lugar's energy bill winning support

June 10, 2010
Bloomberg News
Lugar's bill may be able to muster the 60 votes needed for Senate passage because it wouldn't cap emissions or expand offshore drilling, two controversial issues in the Senate.
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Rolls-Royce snags $7.5 million military contract

June 8, 2010
 IBJ Staff
Engineers at Rolls-Royce Corp.’s Indianapolis manufacturing facility will work for the next year to design, develop and test an upgrade for a digital engine control the company is making for the U.S. Army’s OH-58 Kiowa Warrior helicopter.
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Indiana contractors scramble for certification to remove leadRestricted Content

June 5, 2010
Norm Heikens
New U.S. Environmental Protection Agency rules force precautions on paint chips, dust.
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Bauer requests federal probe of Bales' real estate deals

June 4, 2010
 IBJ Staff
IBJ investigation prompts top state Democrat's letter to U.S. Department of Health and Human Services.
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Other states join Indiana in spurning grant program

May 31, 2010
 IBJ Staff and Associated Press
About two dozen states are going back to Washington for another shot at billions in education grants under the "Race to the Top" program, but at least nine others including Indiana are opting out of trying a second time.
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Summit to counsel cities on reform

May 26, 2010
J.K. Wall
Now that health reform is law, a local not-for-profit group, Better Healthcare for Indiana, wants to help Indiana community leaders use the law to slow runaway medical spending while improving the health of their citizens.
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Feds: AMC must sell some Indy theaters to make acquisition

May 24, 2010
Bloomberg News
The U.S. Justice Department said AMC Entertainment Group Inc., the second-largest U.S. movie theater owner, must sell some cinemas to proceed with plans to buy most of those operated by Kerasotes Showplace Theatres.
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Indiana 4 to 6 weeks behind its weatherization goal

May 23, 2010
Associated Press
The delay is pushing back the release of the second half of the $132 million in stimulus funds the state got for energy-saving retrofits to homes of thousands of low-income residents.
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KULT: Mortgage loan officers punch the clock under new ruleRestricted Content

May 22, 2010
Gregory P. Kult
The government now views loan officers more like factory workers than white-collar business managers.
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