Congressional Budget Office: U.S. debt to soar over next 30 years
The nonpartisan agency estimates in its latest 30-year outlook, released Wednesday, that publicly held debt will be equal to a record 181% of American economic activity by 2053.
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Broad Ripple businesses to close earlier in wake of fatal shootings
The Broad Ripple Village Association said the village’s late-night business owners met Wednesday and “agreed unanimously, that effective immediately, all bars and restaurants will shut their doors at 1 a.m. every day until further notice.”
Heath Outdoor owners plan brewery and distillery near Box Factory
Heath Outdoor is billing their new-look campus, which includes Digs Garden Center, as The Yard at North Mass.
Hogsett administration seeking new redevelopment proposals for Old City Hall
The city’s Department of Metropolitan Development is asking developers to pay at least $2.34 million for the 113-year-old building at 202 N. Alabama St., which was the seat of city government until the City-County Building was completed in 1962.
AES Indiana seeking permission to raise electricity rates by 13%
Consumer groups said they were shocked by the amount that AES Indiana is seeking, especially coming after the utility got approval for seven straight years of rate increases to pay for upgrades to its local energy grid.
Belief that U.S. might avoid recession growing among economists
Analysts say a “rolling recession” and what they call a “richcession” could help the economy as a whole manage to avoid a full-fledged recession.
Pregnant workers get federal protections after Indiana lawmakers pull up short on similar steps
Pregnant workers employed in Indiana now have access to guaranteed accommodations after the Pregnant Workers Fairness Act, a federal law that went into effect Tuesday.
Haze of unhealthy air settles over the Great Lakes region
Drifting smoke from the ongoing wildfires across Canada has created curtains of haze and raised air quality concerns throughout the Great Lakes region and in parts of the central and eastern United States.
Threatened by shortages, electric car makers race for supplies of lithium for batteries
A shortfall in lithium would be an obstacle for government and industry plans to ramp up sales to tens of millions of electric vehicles a year. It is fueling political conflict over resources and complaints about the environmental cost of extracting them.
High court rejects theory that states have almost unlimited election power
After Tuesday’s decision, voting rights advocates and Democrats said the combined opinions give them hope of being able to successfully challenge some Republican-led redistricting efforts.
Supreme Court says conviction for online threats violated 1st Amendment
To guard against a chilling effect on non-threatening speech, the majority said, states must prove that a criminal defendant has acted recklessly, meaning that he “disregarded a substantial risk that his communications would be viewed as threatening violence.”
Tesla EV plug closer to becoming industry standard
A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all electric vehicles.
Instagram, Facebook add more parental controls, but critics say they aren’t enough
Meta is adding some new parental supervision tools and privacy features to its platforms as social media companies face increasing scrutiny over their effects on teen mental health.
Flight delays expected this weekend as airlines face major test
Travelers waited out widespread delays at U.S. airports on Tuesday, an ominous sign heading into the long July 4 holiday weekend, which is shaping up as the biggest test yet for airlines that are struggling to keep up with surging numbers of passengers.
Ron DeSantis to visit Indy area as presidential bid ramps up
His planned visit comes as the Florida governor looks to narrow the gap between himself and former President Donald Trump, the current frontrunner for the GOP presidential nomination in 2024.
Fishers-based tech firm Netfor files for bankruptcy
Netfor’s CEO said an ill-timed investment in office space created financial problems for the company, but that he expects “no impact” to employees and clients as Netfor works to restructure its finances.
Ford cutting more jobs to reduce costs amid transition to electric vehicles
The company confirmed Tuesday that it was starting to notify several hundred engineers and other salaried employees that their jobs are being eliminated. The firings come after around 200 Ford contract employees were let go last week.
IBJ wins 10 national business reporting awards, including top honors in 5 categories
Judges from the University of Missouri’s School of Journalism awarded IBJ with the bronze award in the Best of Show category, which honors the organization’s best printed newspaper.
Prime Meridian Hills site sold after nearly 5 years, with high-end houses on the way
The largely wooded land—one of the few remaining undeveloped residential sites in Washington Township—was originally listed for $1.9 million in late 2018.
Still hiring: Big Tech layoffs give other employers an opening
Hotel chains, retailers, investment firms, railroad companies and even the IRS have signaled on recruiting platforms that they are hiring software engineers, data scientists and cybersecurity specialists.