Jet-setting global bureaucrats can join an exclusive five-star country club outside Washington without coughing up a dime — all part of lavish perks that are effectively subsidized by the US government, The Post has learned. Staffers at the International Monetary Fund and the World Bank raking in six-figure, tax-free salaries at both global bodies qualify … Read more
Elon Musk’s business empire is sprawling. It includes electric vehicle maker Tesla, social media company X, artificial intelligence startup xAI, computer interface company Neuralink, tunneling venture Boring Company and aerospace firm SpaceX. Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, … Read more
World Bank officials — under fire for losing track of $24 billion in climate funds — are panicking over the prospect of severe budget cuts as President-elect Donald Trump pledges to slash US government spending, The Post has learned. According to sources, top brass at the Washington-based lender — which has faced accusations that it’s … Read more
Using Cape Cod’s nearly nine-decade-old Bourne Bridge as a backdrop, a Republican challenger looking to unseat U.S. Sen. Elizabeth Warren took a swing at his Democratic rival for not working harder to fix some of the state’s most important aging infrastructure. Former military prosecutor John Deaton, standing alongside state Reps. Steven Xiarhos and Matt Muratore, … Read more
Sales of commercial vehicles – a barometer of economic activity – surpassed expectations last quarter driven by strong replacement demand and continued government spending on infrastructure. As per industry estimates, more than 234,000 trucks and buses were sold in the local market in the three months ended June, a 4.5% rise from 224,000 vehicles sold … Read more
A report due to be released later this week by the Massachusetts Budget and Policy Center shows that inflation could collectively cost Massachusetts schools $465 million over the course of the next year, money that is not factored into the state’s school funding formula. Read original article here Denial of responsibility! Pioneer Newz is an … Read more
The T’s Board of Directors, on Tuesday, gave their grudging approval to a fiscal 2025 spending plan that ballooned by 11% — nearly $300 million — over the previous year. The budget, according to its authors, will allow the beleaguered transportation system to spend another year focused on hiring and fixing the many problems it’s … Read more
In response to the housing crisis confronting the Bay State, the House on Monday released a $6.2 billion proposal aimed at filling the 200,000-home hole in the commonwealth’s housing stock. According to House Speaker Ron Mariano’s office, the House bill represents “the largest housing investment in state history.” “The cost of buying a home or … Read more
Goldman Sachs CEO David Solomon said that US policymakers need to put greater “focus” on the nation’s ballooning debt and deficit — warning that the federal government’s “ability to spend without constraint is not unlimited.” “I think the level of debt in the United States [and] the level of spending is something that we need … Read more
Even in times of economic uncertainty, some investments are worth making, according to state Senate President Karen Spilka. That was the message Spilka shared on Monday after she appeared at Middlesex Community College’s Lowell campus to announce the upper chamber’s plan to provide a free college education to every Massachusetts resident who wants one. “We … Read more
