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Content Tagged As economy

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  • University of New Orleans touts economic impact

    June 18, 2016 3:21 PM

    NEW ORLEANS - At a time when state government budget problems make future funding for college campuses uncertain, the University of New Orleans is making the case for its importance to the New Orleans area economy. The university has released an analysis by its Division of Business and Economic Research... more »
  • US hiring falls to worst in 5 years; rate drops to 4.7 pct.

    June 3, 2016 9:03 AM

    WASHINGTON - U.S. hiring plunged in May to its lowest level in more than 5 years, a sign that employers turned cautious after the economy barely expanded in the first three months of the year. The Labor Department says employers added just 38,000 jobs last month, the fewest since September... more »
  • US consumer sentiment jumps in May to highest in year

    May 27, 2016 10:30 AM

    WASHINGTON - Americans turned more optimistic about the economy in May than the previous month, buoyed by low interest rates on home and car purchases. The University of Michigan says its index of consumer sentiment rose to 94.7 in May, the highest in nearly a year. That's up from... more »
  • Obama looks to boost economic, security ties in Asia

    May 22, 2016 4:59 PM

    WASHINGTON - President Barack Obama on Sunday heads to Vietnam and Japan intent on building stronger economic and security ties with Asian-Pacific allies anxious about the rise of an increasingly muscular China. That forward-looking message will be delivered even as Obama confronts the legacies of two wars long past -... more »
  • Poll: Americans more upbeat about own finances than economy

    May 18, 2016 8:33 AM

    WASHINGTON - A new poll finds that Americans feel a whole lot better about their own situations than the economy as a whole in this election year. The Associated Press-NORC Center for Public Affairs Research poll finds just 42 percent of adults consider the U.S. economy to be good while... more »
  • US industrial production jumps by most since November 2014

    May 17, 2016 3:44 AM

    WASHINGTON - The Federal Reserve says U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged. Industrial output - which includes factories, mines and utilities - rose 0.7 percent from March. It had dropped the previous two months. Driving the climb was utility production,... more »
  • Claims for jobless aid reach highest level since early 2015

    May 12, 2016 9:14 AM

    WASHINGTON - The Labor Department says the number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report. Applications for jobless aid rose by 20,000 to a seasonally adjusted 294,000. The... more »
  • Survey: Growth at US services firms strengthened in April

    May 4, 2016 10:30 AM

    WASHINGTON - A private survey says growth accelerated in April at U.S. services companies. The Institute for Supply Management's services index climbed to 55.7 in April, the highest level this year. The increase follows a reading of 54.5 in March. Any level above 50 signals growth. Business activity,... more »
  • Survey: US businesses add jobs at slowest pace in 3 years

    May 4, 2016 9:23 AM

    WASHINGTON - U.S. companies added jobs at the slowest pace in three years in April, a private survey found, a sign that slower growth and volatile financial markets could weigh on hiring. Payroll processor ADP says that businesses added 156,000 jobs in April, down from 194,000 in March. Manufacturers shed... more »
  • La. can't open its front doors Play Video

    May 3, 2016 7:37 PM

    BATON ROUGE- Lawmakers and building maintenance officials maintain the long-lasting closure of the state capitol's main entrance has less to do with state budget problems and more to do with other priorities. May 16th marks the 84th anniversary of the dedication of the building and a few weeks later,... more »
  • Request to spend more on pump stations not unusual, officials say

    April 27, 2016 4:17 PM

    BATON ROUGE - Despite asking city leaders to approve a four-percent increase in cost and nearly a year of additional work, engineers of the city's $1.2 billion sewer upgrade say the project is on budget and on time. Wednesday, the SSO asked the Metro Council to approve spending $859,659... more »
  • Renting in Baton Rouge could become cheaper soon Play Video

    April 21, 2016 2:08 PM

    BATON ROUGE - Sky-high rent could be falling for many people sometime this year, industry insiders suspect after looking into the number of apartments coming on the market. More than one-thousand new units are on the market, and Craig Davenport of Cook Moore and Associates said in presentation Thursday,... more »
  • US applications for jobless aid fall to four-decade low

    April 21, 2016 12:11 PM

    WASHINGTON - The number of Americans seeking unemployment benefits fell to a four-decade low last week, a sign that employers are unconcerned about weak economic growth in the first three months of 2016. The Labor Department says weekly applications for jobless benefits declined to a seasonally adjusted 247,000, the lowest... more »
  • Mayor Holden nixes north Baton Rouge development idea Play Video

    April 20, 2016 5:11 PM

    BATON ROUGE - The mayor vetoed a proposal to create an economic development district in north Baton Rouge. Mayor Kip Holden denied the request Wednesday, citing vague language in how the development district would be organized and concern over the state's budget. Previously, the Metro Council unanimously approved the... more »
  • Shell to move some jobs from New Orleans to Houston

    April 19, 2016 4:38 AM

    NEW ORLEANS- Shell says it plans to move some jobs from New Orleans to Houston as part of plans to cut its global workforce. The company said that relocations this year would affect less than 5 percent of its New Orleans workforce. The oil company has about 1,900 workers based... more »
  • US homebuilder sentiment held steady in April

    April 18, 2016 9:54 AM

    U.S. homebuilders' confidence held steady in April, reflecting an overall optimistic outlook in the market for new homes even as a gauge of current sales fell slightly. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday was unchanged at 58. It hasn't budged in three months.... more »
  • Financial markets are calmer, but world economy faces risks

    April 16, 2016 3:25 PM

    WASHINGTON - The world economy is still sluggish. But at least markets are calmer and China's economic problems look more manageable than they did the last time the world's top finance officials met back in February. Finance ministers and central bankers from the Group of 20 major economies emerged from... more »
  • Crime analyst: Recent crime crept into comfortable areas

    April 12, 2016 7:42 PM

    BATON ROUGE - Gun violence has been the talk of the town in the state's two largest cities since shootings this weekend. In Baton Rouge, two Southern students were killed in a triple shooting. The case is still under investigation. Tuesday, the WBRZ Investigative Unit reported detectives were working... more »
  • LSU President warns current students they could lose TOPS under governor's proposed cuts Play Video

    April 12, 2016 10:33 AM

    BATON ROUGE - Healthcare and TOPS took the brunt of the cuts in the governor's proposed budget cutbacks presented to the legislature Tuesday. Here's most the cuts that matter #lalege pic.twitter.com/EShyf63key — Mark Armstrong (@TV_MarkA) April 12, 2016 Governor John Bel Edwards and his budget advisers... more »
  • New website geared to help unemployed oil workers

    April 12, 2016 8:26 AM

    LAFAYETTE- State and local agencies have developed a website to connect the unemployed and underemployed from the battered energy sector to jobs and training for the now-hiring petrochemical and liquid natural gas plants in Louisiana. AcadianaOpportunity.com was unveiled Monday, a website through which the unemployed can connect to jobs and,... more »
  • Bryan Adams cancels Mississippi show, citing state's new law

    April 11, 2016 4:31 AM

    BILOXI, MS.- Canadian rocker Bryan Adams is canceling a performance this week in Mississippi, citing the state's new law that allows religious groups and some private businesses to refuse service to gay couples. Adams said in a statement Sunday night that he was canceling a show Thursday at the Mississippi... more »
  • In Ponchatoula this weekend, it's a strawberry celebration

    April 8, 2016 11:29 AM

    PONCHATOULA - This quiet small town becomes one of the state's largest cities this weekend, as more than a quarter-of-a-million people converge on southern Tangipahoa Parish for the annual Strawberry Festival. Billed as the state's largest free festival, festival-goers will be welcomed with strawberries of all shapes and sizes... more »
  • BRCC to host job expo for students

    April 7, 2016 10:26 AM

    BATON ROUGE- A local community college is helping students figure out what they want to do before entering the job market. Baton Rouge Community College is hosting it's annual Career Day on Thursday. All current and former BRCC students are invited to the event which will feature several local businesses.... more »
  • BR locations of Hancock Fabrics to close, part of corporate shutdown

    April 1, 2016 3:39 PM

    BATON ROUGE - The two locations of Hancock Fabrics in the capital area will close as the fabrics and crafts chain shutters all of its stores. There are six locations scattered between Baton Rouge, New Orleans and Houma. All will close, the Associated Press reported Friday. There are 185... more »
  • Developers sought for Gov't Street power plant site; construction is a year away

    March 31, 2016 4:43 PM

    BATON ROUGE - The Redevelopment Authority has started soliciting plans from developers about what to do with a Mid City eyesore: the old electricity facility on Government Street. “ The redevelopment of this property has the potential to serve as a gateway linking to downtown, which is experiencing a... more »
  • Two schools close as area deals with losses due to oil price free fall

    March 28, 2016 12:42 PM

    MORGAN CITY - An elementary school in this onetime oil rich St. Mary Parish city will close because of a significant loss in sales taxes. M.D. Shannon Elementary is one of two schools slated for closure recently. The other, J.A. Hernandez Elementary in Franklin, will also close its doors.... more »
  • How do they make those Gold Brick Eggs? Play Video

    March 25, 2016 6:16 PM

    PONCHATOULA - Just in time for Easter, relive the exclusive tour inside Elmer Chocolate in Tangipahoa Parish. In 2013, WBRZ got a rare opportunity to go inside the facility in downtown where candy is made and shipped. Outside of Valentine’s Day, candy for Easter is a huge seller for... more »
  • Developers want to build 18-story apartment overlooking LSU's Old Front Nine

    March 22, 2016 7:39 PM

    BATON ROUGE - Developers are proposing an 18-story apartment complex south of LSU. The off-campus development would have about 455 units and sit on nearly five-and-a-half acres at the intersection of Nicholson and Burbank. The development, called Summit at Southgate, would be built behind the already existing Southgate Towers... more »
  • EBR Public Defender's office is going broke Play Video

    March 21, 2016 8:54 AM

    BATON ROUGE- There could be no public defenders in Baton Rouge by the summer, an audit released Monday found. The state may not have enough money to keep the public defender's office handling cases in East Baton Rouge Parish open past June 30th. Already, public defenders said they're entering... more »
  • Baton Rouge council to take up smoking ban

    March 18, 2016 11:02 AM

    BATON ROUGE- An ordinance that would ban smoking in Baton Rouge's casinos and bars is finally headed to the East Baton Rouge Parish Metro Council. The council should vote on the ordinance in April, and it already has five of the seven votes it will need to pass. While... more »
  • Applications for jobless aid rise but stay at healthy level

    March 17, 2016 1:19 PM

    WASHINGTON - More Americans applied for unemployment benefits last week, but their numbers remained at low levels consistent with a healthy job market. The Labor Department says the number of people seeking jobless aid rose by 7,000 to a seasonally adjusted 265,000. The less-volatile four-week average rose by 750 to... more »
  • US current account trade deficit hits $484.1 billion in 2015

    March 17, 2016 8:56 AM

    WASHINGTON- The deficit in the broadest measure of U.S. trade declined slightly in the final three months of 2015, but for the entire year the deficit jumped to the highest level in seven years. The Commerce Department says the deficit in the current account narrowed to $125.3 billion in the... more »
  • State supreme court justice: Public defender system going broke Play Video

    March 15, 2016 7:39 PM

    BATON ROUGE - The head of the Louisiana Supreme Court told lawmakers the court is concerned about financing for the public defender system for the poor. Chief Justice Bernette Johnson says public defenders in 33 of the state's 42 judicial districts have restricted services, and half of the offices... more »
  • Noranda alumina plant keeps workers; holds off on possible layoffs until May

    March 15, 2016 4:42 PM

    GRAMERCY - The alumina plant here is hoping to stay open by relying on changes to its operation model but Noranda executives said if changes do not work the company could temporarily close the plant in May. Already, Noranda had announced plans to layoff workers this week but the... more »
  • New Millerville development to feature TX-based Buc-ee's

    March 9, 2016 12:22 PM

    BATON ROUGE - Buc-ee's, the behemoth gas station and shopping center with a cult following, will open its first location outside of Texas at a new development at the intersection of I-12 and Millerville. Frequent travelers of I-10 in Texas know Buc-ee's: a 50,000 to 60,000 square foot store... more »
  • Who will pay? A look at tax bills approved by lawmakers

    March 9, 2016 9:56 AM

    BATON ROUGE- Louisiana's lawmakers are wrapping up work Wednesday in a special legislative session aimed at balancing this year's budget, with decisions on several tax proposals that could help drum up more money for the state treasury still pending. Here's what passed and what's still pending in the final hours:... more »
  • Sentencing day in 'Hollywood South' tax credit trial

    March 9, 2016 6:13 AM

    NEW ORLEANS- Sentencing time is near for two people convicted last year in a fraud case stemming from the state tax credit program often touted for turning Louisiana into "Hollywood South." Husband-and-wife film producers Peter Hoffman and Susan Hoffman face sentencing Wednesday. Prosecutors said the Hoffmans were part of a... more »
  • Obama cheers economy as 'pretty darn great'

    March 4, 2016 1:56 PM

    WASHINGTON - President Barack Obama says Republicans may be making "doomsday" claims about the economy, but he has another take: "America's pretty darn great right now." Obama delivered his glowing assessment of the economy on Friday as a new Labor Department report showed another strong month for job growth.... more »
  • US sanctions North Koreans for missile, nuclear programs

    March 2, 2016 11:49 AM

    WASHINGTON - The United States is sanctioning a dozen individuals and five organizations tied to North Korea's nuclear and weapons proliferation efforts. The actions taken Wednesday by the Treasury and State departments complement actions taken by the United Nations and are aimed at holding Pyongyang responsible for its illicit pursuit... more »
  • Tom Benson keeps getting richer

    March 1, 2016 3:24 PM

    NEW ORLEANS - The state's richest man just keeps getting richer. Tom Benson climbed almost 200 places to become the 810th richest person in the world, Forbes reported in its annual "World's Billionaires" listing . Benson is the 288th richest person in the United States. The magazine reported... more »
  • Buffett: US economy better than presidential hopefuls say

    February 27, 2016 4:31 PM

    OMAHA - Investor Warren Buffett says the United States' economy is in better shape than the presidential candidates make it seem. Buffett said Saturday in his annual letter to Berkshire Hathaway shareholders that any baby born in the country today will live better than their parents, even with the current... more »
  • In victory lap, Obama says US better off than 7 years ago

    February 26, 2016 3:36 PM

    JACKSONVILLE - President Barack Obama says anyone who says the U.S. isn't better off than it was seven years ago isn't telling the truth. Obama is taking a victory lap on the economy in Jacksonville, Florida. He's promoting the benefits of the $760 billion economic stimulus bill he signed shortly... more »
  • Kohl's will announce locations of 18 closures in a month

    February 26, 2016 10:25 AM

    MENOMONEE FALLS, Wis. - Kohl’s will close 18 under performing stores this year the company announced this week. Specific locations to be closed won't be announced until the end of March, the company said in a news release about the closure. Kohl's said the closures will save the company... more »
  • Promoting economic development for La., group seeks to end Cuban embargo

    February 25, 2016 2:14 PM

    BATON ROUGE - A grassroots effort to lift the trade embargo with Cuba took off in Louisiana Thursday. Engage Cuba revealed it has established a Louisiana coalition. More than 30 business and government leaders are part of the group, including Louisiana Department of Agriculture and Forestry Commissioner Mike Strain... more »
  • US home sales climbed in January despite weaker economy

    February 23, 2016 10:14 AM

    WASHINGTON - U.S. home sales crept upward in January, a sign that demand for housing remains strong amid signs of slower growth across the broader economy. The National Association of Realtors says sales of existing homes rose 0.4 percent last month to a seasonally adjusted annual rate of 5.47 million.... more »
  • US economy growing but faces international headwinds

    February 22, 2016 11:03 AM

    WASHINGTON - A report from the president's economic advisers says more Americans gained work and experienced pay raises last year. But it says the United States faced global headwinds that will continue this year. The annual report from the president's Council of Economic Advisers makes recommendations to reduce income... more »
  • Town hall to address north Baton Rouge issues Play Video

    February 18, 2016 11:37 PM

    BATON ROUGE - Metro Councilwoman Chauna Banks hosted a town hall meeting Thursday to talk about improving the economic well-being of north Baton Rouge. The meeting was moderated by Gary Chambers, co-owner of The Rouge Collection. Town hall panelists include Sen. Regina Barrow, Adam Knapp of the Baton Rouge... more »
  • Louisiana's current budget woes mirror 1988 financial gaps

    February 11, 2016 8:38 AM

    BATON ROUGE- As Gov. John Bel Edwards struggles to stabilize Louisiana's finances, the troubles mirror the deep budget difficulties the state faced 28 years ago. Long-timers at the Louisiana Capitol equate today's financial woes with similar problems Gov. Buddy Roemer inherited when he took office in March 1988. He had... more »
  • State economist: La. entering recession Play Video

    February 10, 2016 11:24 AM

    BATON ROUGE - The economic outlook of the state took a dramatic, somber turn Wednesday morning when revenue estimators met at the capitol. The deficit for the current fiscal year grew to almost $1 billion. It had hovered around $750 million until Wednesday. The fiscal year ends at the... more »
  • Louisiana state revenue forecasts to be revised Wednesday

    February 10, 2016 6:01 AM

    BATON ROUGE- Louisiana's income forecasting panel will soon set the official number for this year's budget deficit and next year's financial shortfall. The figures set Wednesday by the Revenue Estimating Conference will be the basis for tax negotiations in the upcoming special legislative session. The revised forecasts are expected to... more »
  • President Barack Obama takes victory lap on economy

    February 5, 2016 1:58 PM

    WASHINGTON - President Barack Obama is using new jobs numbers to take a victory lap on the economy. Obama says the U.S. has "the strongest, most durable economy in the world." He pointed to wage and income growth, job growth, lower oil prices and increasing health insurance as evidence of... more »
  • Chevron expected to cut hundreds of jobs in Covington and Lafayette

    February 5, 2016 10:50 AM

    BATON ROUGE- Chevron North America issued a Worker Adjustment and Retraining Notification (WARN) Friday, announcing possible layouts at five of their offices in Covington and Lafayette. In a news release sent out today, the company said it's refocusing its efforts on increasing its efficiency and cutting costs due to the... more »
  • Edwards to outline parameters Friday for special session

    February 5, 2016 4:55 AM

    BATON ROUGE- Gov. John Bel Edwards is readying to release his outline for a special legislative session he is calling to stabilize Louisiana's finances. The Democratic governor said he intends to issue the executive order Friday, setting the dates and parameters for the session to begin Feb. 14. Edwards says... more »
  • Over 1 million face loss of food aid over work requirements

    January 30, 2016 2:53 PM

    JEFFERSON CITY, Mo. - More than 1 million low-income residents in 21 states could soon lose their government food stamps if they fail to meet work requirements that began kicking in this month. The rule change in the federal Supplemental Nutrition Assistance Program was triggered by the improving economy -... more »
  • Report says nearly half of La. residents struggle to make ends meet

    January 27, 2016 2:14 PM

    BATON ROUGE - A new report from the United Way says nearly half of the people living in Baton Rouge, along with 40 percent of homes in Louisiana, are hovering in an area where they're not quite in abject poverty but not quite able to keep their heads above water... more »
  • Southern releases midyear budget cut details

    January 25, 2016 10:02 PM

    BATON ROUGE - In a plan released Monday night, Southern said worst-case-scenario budget cuts could effectively close the institution. Because of the dire budget situation in Louisiana, Governor John Bel Edwards has asked state colleges and universities to submit proposals on cutting spending. The state currently faces a $750... more »
  • Initial unemployment claims in Louisiana fall

    January 22, 2016 12:39 PM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Jan. 16 decreased from the previous week's total. The state labor department figures released Friday show the initial claims fell to 3,485 from the previous week's total of 4,203. For the comparable week a year... more »
  • Stocks routed again as oil slide seems bottomless

    January 20, 2016 11:34 AM

    NEW YORK - Energy stocks are leading another sell-off on Wall Street as the price of oil continues to plunge. U.S. crude dropped 2 percent to just under $28 a barrel in New York early Wednesday. Dropping energy prices is a sign that the global economy is slowing down. Oil... more »
  • Gas prices falling to record lows Play Video

    January 18, 2016 11:07 PM

    BATON ROUGE - Fuel prices could drop to pre-Katrina levels by the end of the week. Prices at the pump fell as the trading price of a barrel of crude continued to drop. With an already large supply, the amount of crude on the market will thicken as Iran... more »
  • President Obama greets excited crowd in Baton Rouge Play Video

    January 14, 2016 9:00 AM

    BATON ROUGE - A crowd of hundreds greeted President Barack Obama with cheers and shouts as he entered McKinley High School Thursday, and the president responded with "Geaux Tigers!" The president was introduced by Che'dra Joseph , McKinley High School's Student of the Year. The school gym where Obama's... more »
  • 3 winning tickets in $1.6B Powerball drawing

    January 13, 2016 11:03 PM

    BATON ROUGE - Louisiana lottery officials say tickets sold in California, Tennessee and Florida won Wednesday's world record $1.6 billion Powerball drawing. The top prize for Saturday's drawing will be $40 million. There was one Match 5 ticket purchased in Franklinton and it's worth $1 million. There... more »
  • Fed says economy expanded somewhat in 9 of 12 districts

    January 13, 2016 4:07 PM

    WASHINGTON - The Federal Reserve says the economy expanded across most of the United States in December and early January. The Fed says in its latest snapshot of the economy that nine of its 12 regional banks reported modest or moderate growth in the latest period. The New... more »
  • Initial unemployment claims in Louisiana rise

    January 11, 2016 11:10 AM

    BATON ROUGE - First-time claims for unemployment insurance in Louisiana for the week ending Jan. 2 increased from the previous week's total. The state labor department figures released Monday show the initial claims increased to 2,459 from the previous week's total of 2,398. For the comparable week a year earlier,... more »
  • Macy's closing Cortana location in coming weeks

    January 6, 2016 4:58 PM

    BATON ROUGE - Macy's will close its Cortana Mall location sometime in early 2016, the company announced Tuesday. The company said the closure is one of 40 that are happening or have already happened and will reduce expenses by $400 million. Earlier in the day, Macy's said sales fell... more »
  • Survey: Growth at US services companies slowed in December

    January 6, 2016 11:55 AM

    WASHINGTON - A private survey says U.S. services companies grew in December at the slowest pace since early 2014. The Institute for Supply Management said Wednesday that its services index dipped to 55.3 last month from 55.9 in November. The December reading matched the most recent low of 55.3 set... more »
  • Holiday spending up 8 percent, online sales surge

    December 28, 2015 11:06 AM

    NEW YORK - Americans have been doing more of their shopping by sitting at home -- and they've been buying more items to sit on. And overall, spending during the holidays is up by nearly eight percent from a year ago. According to a report released today, Americans spent... more »
  • Unemployment rates fall in 27 US states amid broad hiring

    December 18, 2015 11:15 AM

    WASHINGTON - Unemployment rates fell in more than half of U.S. states in November as employers stepped up hiring. The Labor Department says jobless rates fell in 27 states, rose in 11, and were unchanged in 12 states. Employers added jobs in 35 states, while employment fell in 14. Montana's... more »
  • Study calculates the costs of not stopping land loss

    December 17, 2015 4:46 AM

    NEW ORLEANS- A new state study places a price tag on the costs Louisiana could suffer if land loss continues at the pace predicted by scientists - and it's in the billions of dollars. The Coastal Protection and Restoration Authority commissioned the study on the economic effects of land loss... more »
  • Fed finally lifts key interest rate from near zero

    December 16, 2015 2:04 PM

    WASHINGTON - The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises. The Fed's move to lift its key rate by a quarter-point to a range... more »
  • Government: New vehicles averaged record 24.3 mpg in 2014

    December 16, 2015 1:59 PM

    WASHINGTON - The government says new cars and trucks averaged a record 24.3 miles per gallon last year. But falling gas prices and consumers' rekindled love of SUVs could endanger future fuel economy gains. The Environmental Protection Agency says fuel economy rose last year by two-tenths of a mile per... more »
  • Louisiana economic growth lags nation in second quarter

    December 12, 2015 2:39 PM

    NEW ORLEANS - New figures show Louisiana's economy grew at a 2.4 percent annual rate from April through June, slower than the nation's economy. Gross domestic product numbers released Thursday by the federal Bureau of Economic Analysis try to measure all of the economic output of each state. Louisiana's performance... more »
  • Congress in final-stage talks on massive budget, tax bills

    December 11, 2015 4:26 AM

    WASHINGTON- Lawmakers and the White House are rushing to finalize a $1.1 trillion government-wide spending bill and a sprawling tax package touching all sectors of the economy. Policy disputes remain as both parties try to attach their priorities to the must-pass spending legislation. Republicans are seeking to lift the oil... more »
  • Economist hired to study Louisiana judges' salaries

    December 9, 2015 4:32 AM

    BATON ROUGE- Louisiana's Judicial Compensation Commission has hired an economist to compare judges' salaries in this state to their colleagues in other states. The commission meets annually to make recommendations to the Legislature on how Louisiana judges' pay should be adjusted to keep pace with other states. Louisiana judges are... more »
  • Council approves 2016 city budget; funds city's largest police force

    December 8, 2015 11:22 PM

    BATON ROUGE - Metro council members approved the mayor's spending plan for next year Tuesday evening. No one voted against the $880 million spending plan that includes significant growth for public safety . The entire budget is about 6% more than the spending plan for 2015. The budget... more »
  • Audit: Monitoring of Medicaid program deemed deficient

    December 8, 2015 8:56 AM

    BATON ROUGE- A state legislative audit shows the state health agency failed to properly oversee an $18 million a year program that provides non-emergency medical transportation to Medicaid recipients. The audit, released Monday, marked the seventh time the Louisiana Department of Health and Hospitals received audit findings that could result... more »
  • US adds healthy 211,000 jobs, making rate hike appear virtually certain

    December 4, 2015 11:53 AM

    WASHINGTON - There's even less doubt now that the Federal Reserve will raise interest rates later this month. The government says November brought some more hiring, with employers adding 211,000 jobs. The unemployment rate remained a low 5 percent for a second straight month. More Americans began looking for jobs... more »
  • Credit agency says La. deficit plan was only 'stop-gap' fix

    December 4, 2015 5:02 AM

    BATON ROUGE- A national credit rating agency says the maneuvers used by Gov. Bobby Jindal and lawmakers to close a $487 million midyear budget gap were only temporary fixes. Fitch Ratings released its analysis Thursday of the work recently done to rebalance this year's $25 billion budget. The assessment was... more »
  • Fed says more consumer spending, housing boost US growth

    December 2, 2015 3:12 PM

    WASHINGTON - The Federal Reserve says the U.S. economy grew at a modest pace this fall, lifted by higher consumer spending and more home sales and construction. The Fed says in its latest snapshot of the economy that nine of its 12 regional banks reported growth was modest or... more »

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