White House, GOP infrastructure talks hit crucial stage
Securing a vast infrastructure plan is Biden’s top priority, but Republicans are refusing Biden’s idea of a corporate tax hike to pay for the spending.
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Demand for new homes still growing despite rising construction costs
Builders in the nine-county Indianapolis area are seeing their busiest year since 2005 despite soaring lumber prices and snarled supply chains that have made it difficult to get products to complete new homes.
U.S. proposes 15% minimum tax on global corporate profits
Competition to cut corporate tax rates has been “undermining the United States’ and other countries’ ability to raise the revenue needed to make critical investments,’’ the Treasury said in a statement
Tax changes would boost IRS monitoring of cryptocurrency use
Among the proposed changes, businesses that receive “cryptoassets” with a fair market value of more than $10,000 would have to report it to the IRS.
Fired Cathedral teacher appeals dismissal of his lawsuit against archdiocese
Joshua Payne-Elliott, a foreign language and social studies teacher, sued the archdiocese after his contract with Cathedral High School was terminated in June 2019 for being in a same-sex marriage.
What are Americans making for dinner? Reservations.
With nearly half of all Americans at least partially vaccinated and 100% of Americans tired of their own cooking, restaurant traffic is rocketing back.
State reports 929 new COVID-19 cases, eight more deaths
The state said 2.37 million Hoosiers have been fully vaccinated against COVID-19. More than 2.55 million had received the first dose of a two-dose vaccination.
Growing Logansport construction firm opens Boone County office
Logansport-based Steinberger Construction Inc. is investing $1.39 million to open an office in Lebanon, where it hopes to hire as many as 17 workers by the end of 2023.
To address sinking Fishers City Hall, officials consider $20.8 million new building
Fishers City Hall, at 1 Municipal Drive, was built in 1991 and almost immediately began sinking into the ground. Now, engineers say the the city can pay $2.5 million over the next three years to address the symptoms or $20.8 million to rebuild.
IndyCar inks extension with series title sponsor NTT
The deal solves one of the looming financial questions facing Roger Penske in his second year as owner of the series.
Nervous retail workers struggle to adjust to new mask policies
Kroger, the country’s largest grocery chain, and other national retailers have been dropping mask requirements in locations where local governments allow them to.
U.S. jobless claims decline to 444,000, a new pandemic low
The latest numbers show Hoosiers filed 7,149 initial unemployment claims during the week ended May 15, a drop of 637 from the previous week.
Ed Carpenter Racing posts strong day in Indy 500 practice
Conor Daly and Ed Carpenter were among the fastest drivers Wednesday at Indianapolis 500 practice. Both are from Indianapolis with deep ties to Indianapolis Motor Speedway.
NCAA’s D1 Council hopes athlete pay rules get hashed out in June
The NCAA Division I Council plans to act on legislative proposals next month that would allow athletes to be paid to be sponsors, social media influencers and product endorsers, the governing body for college sports announced Wednesday.
Fed officials showing some signs of concern over inflation pressures
The discussions, revealed in the minutes of the Fed’s April meeting released Wednesday, marked the first time the central bank has even hinted that the time could be approaching to consider reducing the Fed’s $120 billion monthly bond purchases.
Ford betting big that fans of F-150 pickup will embrace electric
Ford is taking a significant risk by sinking so much capital into an electric version of a pickup that commands a huge and loyal following. In a typical year, Ford sells about 900,000 F-series trucks. It has been America’s top-selling vehicle for nearly four decades.
Buttigieg reinstates local hiring program piloted in Obama era
Transportation Secretary Pete Buttigieg on Wednesday brought back a program that aims to aid minority and disadvantaged people by ensuring local hiring for public works construction projects, reversing a decision by the Trump administration.
FTC, six states sue Frontier for delivering internet that’s too slow
Involved in the suit are attorneys general from Indiana, Arizona, Michigan, North Carolina, Wisconsin and the district attorneys’ offices of Los Angeles County and Riverside County on behalf of California.
Up to $250M investment planned for former Angie’s List site
Preliminary plans call for the construction of new office structures, multifamily properties, retail space and parking garages to fill in most of the site, now known as Elevator Hill.
Target joins other major retailers with big first quarter
Almost all retailers reporting quarterly earns this week have put up enormous sales figures, evidence of a migration from time spent shuttered indoors to something closer normalcy.