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Economy

White House threatens to veto Boehner's debt-ceiling plan

House Speaker John Boehner's bill would raise the debt limit by $1 trillion while making cuts to federal spending of $1.2 trillion. He faced criticism from some conservatives in advance of an expected vote Wednesday.

Halt '3-ring-circus' of debt-limit debate, Obama says in TV speech

The president spoke a few hours after first Republicans, then Democrats drafted rival fallback legislation Monday to avert a potentially devastating government default.

Recent poll: Americans stressed about debt, limiting credit card use

A June poll revealed that Americans' debt-related stress is up since the fall, but about half only charge items to credit cards when they can afford to pay for them at month's end.

Approximately 70 percent of Missouri job loss in June resulted from Joplin disaster

Despite the large loss of jobs, the seasonally adjusted unemployment rate for the state was not significantly altered.

Donations to mid-Missouri charities above national average in 2010

Nationally, charitable donations declined in 2008 and 2009, then rose an estimated 3.8 percent across the board in 2010, according to the recently released Giving USA report. Locally, however, many nonprofits brought in percentage increases higher than the national average.

Gov. Nixon approves more rigorous grain dealer requirements

The new law will require grain dealers to set aside more money as a safeguard against insolvency.

ANALYSIS: Republicans accuse Nixon of improperly withholding funds

Some Republican officials have begun to ask whether Gov. Jay Nixon is inappropriately citing the Joplin tornado as a reason to hold on to state dollars that had been due to public schools and other government programs.

Extreme couponers boost grocery savings during recession

Coupon clipping has helped some people save up to 90 percent on groceries. But on the other hand, it brings increased levels of frustration, long lines and sometimes empty shelves.

Treasurer approves more than $200 million in farm, business loans

Loans through the Missouri Linked Deposit Program have affected about 4,000 jobs and farmers in Missouri this year, and participation is about 50 percent higher than it was last year.

Economic recovery turns two

The recovery from the Great Recession has been longer and tougher than any recent recession.

Curtain falls on Missouri Film Office; future for tax credits looks bleak

Gov. Jay Nixon followed through with the long-held plan to close the Missouri Film Office. Missouri's filmmaking community remains concerned about the fate of the industry and the loss of potential revenue.

Recession hits transit budgets despite rising need

Public transportation systems across the country are aging, but tight budgets are making improving them a challenge.

ANALYSIS: Regulators mull costs from Taum Sauk

Ameren Missouri contends customers benefit from a new Taum Sauk reservoir and wants to raise its rates for electricity to help pay for it.

UPDATE: Nixon sets aside additional $100 million in disaster aid

The additional disaster aid will be funded by better-than-expected state tax revenues. Missouri's financial commitment now stands at $150 million.

Springfield engine plant to add 131 jobs

Due to customer demand, PROFoermance Powertrain Products plans to more than double its workforce.

MU estimates floodway crop loss at $85 million

The economic loss could reach $156.7 million when other economic changes besides the crop values are factored in. The estimate is based on U.S. Department of Agriculture records.

Numbers show states' budget challenges differ

Budget and fiscal data show that cumulative revenue available for the coming fiscal year has dropped.

Missouri unemployment rate holds steady in May

The rate was at the same level in April. The number of nonfarm jobs fell by 1,500, however.

VA mortgage company to add 300 Columbia jobs

VA Mortgage Center.com, which provides home loans to veterans and active members of the military, will add 300 jobs to Columbia by the end of 2016. Positions will include loan processors, loan officers and credit consultants, the center's manager said.

 

PROJECT 573: Mexico, Mo., mother seeks job, stability in response to recession

Mother Kylie Nichols has been "barely making it" since losing her job, but she wants to do better than barely. Nichols is among the mid-Missourians whose stories are told in Project 573, an in-depth look at the recession by a group of students from the Missouri School of Journalism.

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