CBO projects higher unemployment, slow exit from inflation
The office’s updated 10-year Budget and Economic Outlook outlined stark expectations for the decade ahead.
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U.S. economy keeps charging ahead, adding pressure on Fed to hike
The U.S. economy showed remarkable resilience at the start of the year, highlighting robust demand that’s keeping inflation elevated and heaping pressure on the Federal Reserve to stomp the brakes even harder.
Worker burnout even worse than at peak of pandemic
The pain is particularly acute outside the U.S., where the burnout rate has been rising enough to offset slight improvements seen by American workers.
New Purdue president outlines vision for school’s future in Indianapolis
The university intends for its realigned Indianapolis campus to act as a center for the fields of cybersecurity, data analytics, manufacturing, microelectronics, artificial intelligence and engineering—“the fields from which the biggest changes are coming.”
Republicans OK plan tightening Indiana mail-in voting rules
Bill sponsor Republican Rep. Tim Wesco of Osceola said the step was aimed at validating who was receiving mail-in ballots by putting identification requirements in line with what people must present when voting in person.
Teacher gun-training legislation passes Indiana House
The Republican-backed bill passed in a 71-24 vote predominantly on party lines, with supporters saying the training would give teachers opportunities to defend themselves and students if needed. S
IRS nominee: No audit boost for households under $400,000
President Joe Biden nominated Werfel to steer the Internal Revenue Service as it receives a massive funding boost—nearly $80 billion over the next 10 years through the Inflation Reduction Act, which Congress passed in August.
Retail sales jump as Americans defy inflation, rate hikes
The government said Wednesday that retail sales jumped 3% in January, after having sunk the previous two months. It was the largest one-month increase since March 2021, when a round of stimulus checks gave a big boost to spending.
Speed-limit proposal for trucks in Indiana clears first hurdle
A bill that would raise the speed limit for trucks on certain Indiana roadways advanced to the full Senate on Tuesday despite opposition from the state’s largest truck drivers group.
Tesla to open up a portion of its charging network to all EVs
The aim is to give EV owners more freedom to travel, and it will include at least 3,500 of Tesla’s Supercharger stations—which tend to be near highways—as well as its slower Level 2 “destination chargers” at locations such as hotels and restaurants.
Not-for-profit news startup launches with editor searches in Indianapolis, Gary
With $10 million in funding, the Indiana Local News Initiative said it intends to report nonpartisan information at no cost to its audience.
Ex-AG Hill wins summary judgment on defamation, invasion of privacy claims
Former Indiana Attorney General Curtis Hill has secured another victory in the yearslong legal fallout from accusations that he drunkenly groped four women at a party
Legislation would require Indiana districts to share property tax revenue with charters
Proponents characterize the strategy as funding students instead of systems, while opponents argue it leaves fewer resources for students in Indiana’s traditional public schools.
Committee advances changes to Indiana carbon sequestration pilot project
The proposal seeks to advance the construction of carbon capture and sequestration projects, while also giving special privileges to a company preparing to undertake the nation’s largest carbon dioxide storage project.
Subway sandwich chain exploring sale after record-setting year
Subway, one of the most recognizable names in the industry, has more than 20,000 U.S. locations, making it the largest by store count in the country, dwarfing even McDonald’s.
EPA outlines $27B ‘green bank’ for clean energy projects
The Biden administration on Tuesday outlined how states and not-for-profit groups can apply for $27 billion in low-cost financing for projects intended to cut greenhouse gas emissions.
‘Offensive magic’ leads Colts to hire Steichen as head coach
Team owner Jim Irsay ended a monthlong search that included interviews with more than a dozen candidates by hiring the 37-year-old, first-time head coach who has a penchant for turning promising young quarterbacks into stars.
BioCrossroads CEO Martin to step down in April
Patty Martin, president and CEO of BioCrossroads since 2019, said she plans to leave the organization to examine opportunities in the private sector.
Top Indiana senator rebukes voucher school program in new letter
A top Republican lawmaker threatened to hold up new state spending for Indiana’s voucher school program after he claimed to have witnessed “disgusting” behavior at a private Catholic school in Indiana.
Pence to fight special counsel subpoena on 2020 election
Former Vice President Mike Pence and his attorneys are planning to cite constitutional grounds as they prepare to resist special counsel Jack Smith’s efforts to compel his testimony before a grand jury.
