Study: State loses millions annually in online sales taxes
The report from the Indiana Fiscal Policy Institute says the state loses $40 million to $114 million every year in sales tax revenue from sales to online retailers such as Amazon.
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Dow drops after debt panel fails to reach deal
The Dow Jones industrial average lost almost 250 points after the special committee of Congress assigned to come up with $1.2 trillion in deficit cuts over 10 years indicated that there would be no deal.
Passengers likely would shoulder chunk of transit system costs
Federal transit data suggests passenger fares would generate about one-fourth of the money needed to operate a suburban rail and expanded bus system proposed for the region.
Occupy Indy protesters ordered to clear out camp
State officials gave Occupy Indy protesters 24 hours to remove their tents, sleeping bags and other camping accessories from the Statehouse lawn and warned there could be arrests Thursday should anybody resist the efforts to remove the items.
Postal Service mulls moving Muncie work to Indianapolis
The change would save an estimated $3.5 million while eliminating 41 jobs.
Indiana National Guard opens biggest armory in state
The Indiana National Guard has opened a new $27 million training facility in Franklin that is the largest of its 65 armories around the state.
Congress moves to create new farm subsidy
Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops — an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices.
Lawmakers looking for solutions to online sales tax issue
At least one Indiana lawmaker plans to file a bill requiring the state to collect sales taxes from online retailers like Amazon.com. Other state lawmakers are working on a federal solution.
Indiana AG to testify against cell phone bill
The bill being considered in the U.S. House would allow telemarketers and debt collectors to start dialing residents' cell phones and, if approved, would override Indiana's "Do Not Call" law and lead to a flood of robocalls, Greg Zoeller said.
Indiana officials blast feds for ‘over-regulation’ on reform
Michael Gargano, secretary of the Indiana Family and Social Services Administration, blasted the rules for both “glaring omissions” as well as creating new and unfunded “mandates” not included in the 2010 health reform law
Consolidation eyed for Indiana mail processing centers
The U.S. Postal Service is moving closer to closing the mail processing center in Terre Haute and moving its work to Indianapolis and Evansville. The South Bend center work would shift to Fort Wayne.
Ener1 becomes latest energy aid recipient in trouble
Electric-car battery maker Ener1 Inc., whose shares were delisted from the NASDAQ stock market Oct. 28, is the latest recipient of U.S. Energy Department aid to run into financial trouble and draw congressional scrutiny.
Republicans plan early strategy to win back Indiana
Indiana Republicans took their first presidential loss in 40 years when Barack Obama carried the state. To return the state to the GOP column and nail it there, national Republicans say they plan to treat Indiana as if it were a long-standing battleground state.
Farm plan may preserve crop subsidies, groups say
A bill backed by Indiana Sen. Richard Lugar would consolidate several subsidy programs into a plan to aid farmers when revenue declines.
2 GOP challengers topped Burton in 3rd-quarter fundraising
Campaign finance reports show former U.S. Attorney Susan Brooks and former congressman David McIntosh each raised more than $300,000 in the third quarter. Burton raised $269,000.
Deficit committee could bite CNO
Medicare supplement policies are reportedly one of the targets of Congress’ special deficit-reduction committee—and that’s not good news for Carmel-based CNO Financial Group Inc.
Lawmakers seek probe into banks’ new debit card fees
A widespread move among major banks to charge customers a fee for using their debit cards has stirred Democratic lawmakers to seek a Justice Department investigation on possible collusion.
Mourdock raises $438K for Lugar primary challenge
Richard Mourdock, the tea party-backed challenger to U.S. Sen. Richard Lugar, reportedly closed the last federal reporting period with $300,000 in the bank. Lugar has close to $4 million.
More Hoosier investment advisers will be regulated by state
The federal Dodd-Frank act shifts firms from Securities and Exchange Commission oversight.
Lugar raises $840K for Senate re-election bid
Sen. Richard Lugar has $3.8 million in the bank as he fights the tea party-backed Richard Mourdock to remain the Republican contender for his seat.