Past forecasts suggest a default could instantly bury the country in a deep recession, right at a moment of slowing global growth.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
‘Cyber incident’ hits U.K. postal service, halts overseas mail
Services for mail coming into the country are operating with minor delays.
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Posted inBusiness, Lewiston-Auburn, News
Lewiston unveils wish list of capital projects totaling $33 million
Lewiston’s proposed capital improvement plan for next year includes some familiar projects, including funding for Bates Mill No. 5 cleanup and a citywide revaluation. But will they move forward this year?
Posted inBusiness, River Valley
Rumford Marden’s shuts doors for good because of safety reasons
Store officials announced Wednesday night that the store is closing due to unspecified safety reasons at the Route 2 facility.
Posted inBusiness, Lewiston-Auburn, The Buzz
J&H Variety coming to Washington Street North in Auburn
A father-daughter team sold their food trailer and plan to open March 1.
Posted inBusiness, Lewiston-Auburn, The Buzz
Mt. Auburn Avenue apartment complex breaks ground
Developer A.R. Building is building 102 market-rate apartments.
Posted inAndroscoggin County, Business, Lewiston-Auburn, The Buzz
Pinky D’s to leave neighbor partnership with Side By Each Brewing in Auburn
Mt. Auburn Avenue apartment complex breaks ground; J&H Variety coming to Auburn.
Posted inBusiness, Maine
Topsham construction company’s relocation proposal again draws heat from locals
After pulling similar proposals from Planning Board consideration multiple times in the past five years, Crooker Construction has brought a zoning change request to the Select Board in hopes of getting permission to move its asphalt batch plant from Lewiston Road to a separate property near the company’s rock quarry on River Road.
Posted inBusiness, Nation / World, News
Watchdog sees ‘light at the end of the tunnel’ for IRS backlog
House Republicans want to rescind the agency’s additional funding, saying it would bankroll an army of 87,000 auditors who will harass taxpayers – claims that are generally alarmist and misleading.
Posted inBusiness, Nation / World, News
Air travel across U.S. thrown into chaos after FAA computer outage
Longtime aviation insiders could not recall an outage of such magnitude caused by a technology failure.