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State selects five Indy-area low-income housing projects for tax credits
The projects in Anderson, Indianapolis and Noblesville were among 17 statewide to be awarded Low Income Housing Tax Credits, totaling more than $180 million in value over 10 years.
IPS test scores rebound close to pre-pandemic levels, but far from 2025 goal
As students in grades 3-8 prepare to take the ILEARN again beginning in April, the district is focusing on tactics to continue its progress and reach that goal, with the help of federal COVID relief funding.
U.S. consumer confidence lags as 2023 gets under way
American consumers are kicking off 2023 a bit less confident than they were at the end of last year as inflation and the possibility of a recession loom.
Indiana justices decline to immediately hear abortion case
The state Supreme Court issued an order Monday saying the state Court of Appeals will first consider the case, after a lower court judge in December sided with residents who claim the state’s abortion ban infringes on their religious beliefs.
U.S. wage growth slowed in the final quarter of 2022
Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, the third straight slowdown that could help reassure the Federal Reserve that wage gains won’t fuel higher inflation.
Mitch Daniels decides not to run for U.S. Senate
The announcement ended speculation that he would jump into the race after sitting Sen. Mike Braun decided to run for governor.
Lawmakers move bill tracking farmland lost, claim it’s not anti-development
Bill author Rep. Kendall Culp, R-Rensselaer, said the detailed data would serve as a foundation for future efforts to preserve farmland, even floating an incentive program for those wishing to sell.
Area homebuilders hope for better year after 2022 slump
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
Wintry weather scrubs more than 1,000 flights
About 4,700 flights were delayed nationwide. Southwest scrubbed more than 500 flights, or about 12% of its entire schedule, while American dropped about 200 flights.
Biden to end COVID-19 emergencies on May 11
The costs of COVID-19 vaccines are expected to skyrocket after the emergencies are lifted. Free at-home COVID tests will also come to an end. And hospitals will not get extra payments for treating COVID patients.
IMF upgrades outlook for global economy in 2023
The International Monetary Fund, a 190-country lending organization, foresees inflation easing this year, a result of aggressive interest rate hikes by the Federal Reserve and other major central banks.
State lawmakers revive effort to require partisan school board elections
Last year, a similar bill got a hearing in a House committee but never received a vote. Nearly two dozen education advocates testified against the previous bill and no one spoke in favor.
Feds expect to collect $4.7B in insurance fraud penalties
Federal watchdogs have been sounding the alarm for years about questionable charges on the private version of the Medicare program, with investigators raising the possibility that insurance companies may be bilking taxpayers of billions of dollars every year.
IU medical school lands $1.25M for increasing diversity
The money will be used to provide new opportunities for graduate students typically underrepresented in biomedical science, officials said.
Indiana gets the nod to proceed with federal hydrogen hub proposal
The Indiana coalition, which received U.S. Department of Energy encouragement to submit a full proposal, is now deciding whether to join forces with other applicants for a better chance of securing a portion of $7 billion in federal funding.
Fed, set to impose smaller hike, might hint at fewer increases
With signs of weaker economic growth along with steadily lower inflation readings, reduced consumer spending and even some signs of a slowdown in the job market, the Federal Reserve is now navigating a more treacherous terrain.
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Lilly receives FDA approval for rare blood cancer treatment
Jaypirca was approved to treat mantle cell lymphoma, or MCL. a rare blood cancer that starts in white blood cells in the lymph nodes for which there is no cure, according to Lilly. The disease affects about 1 in 200,000 people worldwide each year.
House committee passes assistance increase, workforce training program
Hoosiers with disabilities and adult Indiana residents receiving benefits from the Temporary Assistance for Needy Families program could benefit under a new bill that would help connect underskilled employees to companies.
