by Associated Press Published: September 19,2012
Tags: budget, Coast, economy, retail, revenue, sales, state government, tax, tax collection, transaction, Treasury
MISSISSIPPI GULF COAST — July sales were up in most cities across South Mississippi and topped $1 million for the third straight month in Biloxi. The Sun Herald reports Mayor A.J. Holloway attributed the increases to the opening of the new Walmart Supercenter, Margaritaville Casino and Sharkheads souvenir shop since spring. The August report released [...] [...]
by MBJ Staff Published: September 18,2012
Tags: bill, budget, fund, law, law enforcement, lawmaker, legislation, legislative, legislator, Legislature, money, prsecutor, settlement, state agency, state government, state law, Treasury
JACKSON — Attorney General Jim Hood has delivered a check to lawmakers for over $35 million in monies recovered by his office. As part of the Average Wholesale Price (AWP) litigation, the $35 million returned to the state includes more than $12 million from a settlement with Barr Laboratories Inc., IVAX Pharmaceuticals Inc., Sicor Pharmaceuticals [...] [...]
WASHINGTON – Federal Reserve Chairman Ben Bernanke is balancing a short-term fix for the economy with a long-term gamble: His plan to buy Treasury bonds to fight high unemployment and super-low inflation now could ignite inflation later. But Bernanke is signaling that doing nothing would pose the biggest risk of all. The Fed chief on [...] [...]
NEW YORK (AP) – Any doubt that the Federal Reserve will launch a new effort to stimulate the economy seemed to evaporate Wednesday as Treasury rates plummeted to record lows. The Fed has kept short-term interest rates near zero since 2008. In recent weeks, traders have started speculating that the central bank would take aim [...] [...]
WASHINGTON — The Treasury Department says it will begin selling the stake it owns in Citigroup. The government received 7.7 billion shares of Citigroup Inc. in exchange for $25 billion it gave the bank during the 2008 credit crisis. It says today it will sell the shares over the course of this year, depending on [...] [...]
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