Economy & Business

Economy
8:22 am
Mon September 12, 2011

Window Closing on Federal Foreclosure Aid

Homeowners facing foreclosure have just a few days left to submit applications for federal assistance.

Of $105 million available to Pennsylvanians through the U.S. Department of Housing and Urban Development, only $50 million has been committed so far, with about $4 million of that in southwestern Pennsylvania. The remainder of the money is still available through HUD's "Emergency Homeowners' Loan Program" — that is, until Friday.

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Economy
2:23 pm
Fri September 2, 2011

Pennsylvanians Want to Keep Drilling, But Tax It

A broad majority of Pennsylvanians support natural gas drilling, according to a new poll. At the same time, 65% of respondents want lawmakers to pass a severance tax, and send the revenue to the state government. 72% want to split the tax dollars between the state and local municipalities.

"So the takeaway here is, Pennsylvanians say, yep, let's tax. Let's divide the tax between local communities and the state," said pollster Terry Madonna. "Yes, the industry is doing the right thing. They're doing a good job, but oh, by the way, you better be careful about the environment."

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Economy
7:52 pm
Wed August 10, 2011

Toomey Joins Federal Debt Panel

U.S. Senator Pat Toomey (R-PA) will be part of the twelve-member panel charged with writing a plan to reduce federal debt by more than $1 trillion.

Senate Minority Leader Mitch McConnell named Toomey, a former investment banker, to the congressional super-panel today. Toomey, a freshman Republican, said he is "very honored" to serve on the committee when it meets this fall.

"We need to get our spending under control," said Toomey, "and we need to do it in a way that will maximize economic growth."

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