Economy

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Social Security trustees predict benefit cuts in 2033 without congressional action

BY: - March 31, 2023

WASHINGTON — Social Security will no longer be able to pay full benefits in 2033, a year earlier than previously expected, according to a report released Friday.  The updated projections, in the annual trustee report, mean that without action to stabilize the Old-Age and Survivors Insurance Trust Fund, Social Security would have enough money to […]

The Humbolt Fire Department, as seen on Nov. 18, 2022. (John Hult/South Dakota Searchlight)

County commissioner: Carbon pipelines should outfit volunteer fire departments

BY: - March 30, 2023

A Minnehaha County commissioner wants volunteer firefighters in the state’s most populous county to ask for safety equipment from two carbon pipeline companies for use in the event of a pipeline failure — something the companies say they’re willing to do. The suggestion from Commissioner Joe Kippley came last week on the heels of a […]

An officer guards the entrance to the Federal Reserve’s William McChesney Martin Building on March 13, 2023, in Washington, D.C. (Photo by Alex Wong/Getty Images)

White House calls on financial regulators to bring back safeguards for regional banks

BY: - March 30, 2023

WASHINGTON —  The Biden administration, placing blame on Trump-era rollbacks, Thursday called on federal banking regulators to reinstate safeguards for regional banks after the record-setting collapse of Silicon Valley Bank and Signature Bank of New York earlier this month. The White House wants the agencies to revive regular stress testing at banks in the $100- […]

Vermont Sen. Bernie Sanders conducts a U.S. Senate hearing March 29, 2023, to examine charges that the Starbucks coffee chain has engaged in union-busting. (Committee video screenshot)

Bernie Sanders confronts former Starbucks CEO over union-busting allegations

BY: - March 29, 2023

WASHINGTON — Democratic senators at a hearing on Wednesday grilled the former CEO of Starbucks over allegations that the giant coffee company intimidated, harassed and fired workers who tried to form unions. Sen. Bernie Sanders, the Vermont independent and former presidential candidate who chairs the Senate Health, Education, Labor and Pensions Committee, focused on Starbucks’ […]

Wind turbines in a Wisconsin field. (Scott Olson/Getty Images)

Here’s where renewable power is increasing (and where it’s not)

BY: - March 29, 2023

Despite supply-chain problems amid the lingering effects of the pandemic, 2022 saw major increases in solar and wind power in the United States, though that growth varied by state, according to a report released last month by a nonprofit focused on climate change. Nationally, electricity generated from solar and wind grew 16% from 2021, with […]

U.S. Ag Secretary Tom Vilsack testifies during a U.S. Senate Ag Committee oversight hearing March 16, 2023. (Committee video screenshot)

USDA secretary battles with U.S. House Republicans over costs of federal nutrition programs

BY: - March 28, 2023

WASHINGTON — U.S. House Republicans tussled with Agriculture Secretary Tom Vilsack and Democratic committee members over work requirements in federal nutrition programs as well as spending levels for those programs at a Tuesday hearing.  Republican members of the House Agriculture Committee charged Vilsack with evading bipartisan oversight in the USDA’s 2021 redesign of the Thrifty […]

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State regulators approve partial rollback of natural gas price increase

BY: - March 28, 2023

MidAmerican Energy’s 6% natural gas rate increase in South Dakota will be rolled back to 5.4%. The over 100,000 South Dakotans who get natural gas from the company can expect the change to take effect in May. The rate change will affect commercial customers as well as residential. MidAmerican proposed the 6% increase last May. […]

A worker tells people that the Silicon Valley Bank headquarters is closed on March 10, 2023, in Santa Clara, California. Silicon Valley Bank was shut down by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation. (Photo by Justin Sullivan/Getty Images)

Members of U.S. Senate panel press financial regulators on massive bank failures

BY: - March 28, 2023

WASHINGTON — Financial regulators promised a full review of Silicon Valley Bank’s massive failure as members of a key U.S. Senate panel on Tuesday interrogated the officials about what led to the second-largest bank collapse in U.S. history. Members of the Senate Committee on Banking, Housing and Urban Affairs asked if the Federal Reserve could […]

Infant formula is offered for sale at a big box store on Jan. 13, 2022, in Chicago, Illinois. Baby formula was in short supply in many stores around the country at the time. (Photo by Scott Olson/Getty Images)

Infant formula crisis could recur, former FDA official tells Congress

BY: - March 28, 2023

WASHINGTON — U.S. lawmakers on Tuesday debated if enough has changed to prevent a repeat of the infant formula shortage, more than a year after a nationwide crisis began.  The U.S. House Oversight and Accountability Committee’s Subcommittee on Health Care and Financial Services heard from two experts that while the U.S. Food and Drug Administration […]

Ironworker apprentice Natalie Bell displays her Rosie the Riveter tattoo that she describes as a symbol of strength, March 22, 2023, at the Iron Workers 172 Training Center in Columbus, Ohio. (Photo by Graham Stokes for States Newsroom)

Help wanted: Women needed for U.S. chips manufacturing plan to succeed

BY: - March 27, 2023

Natalie Bell was thinking about a career in art after college when a welding class and a delivery of four pizzas changed her career trajectory.  “I was taking a delivery out to a construction site and I met an ironworker who I was taking the delivery to,” said Bell, who lives in Columbus, Ohio. “I […]

COMMENTARY
The South Dakota Capitol building in Pierre. (Getty Images)

$3 million is on the table for climate action, with only days left for SD to act

BY: - March 24, 2023

A new federal program has the potential to transform South Dakota’s approach to climate change — should the state be smart enough to take it. Earlier this month, the U.S. EPA launched the first phase of the Climate Pollution Reduction Grant (CPRG) program, an initiative created by last year’s Inflation Reduction Act to fund local- […]

Hemp grows at Papa G’s Organic Hemp Farm in Crawford County, Indiana, in 2022. (NRCS photo by Brandon O’Connor)

Noem vetoes bill that would increase THC limits for hemp processing

BY: - March 23, 2023

Gov. Kristi Noem vetoed a bill Thursday that would increase the amount of THC that industrial hemp processors can have in their products. THC is short for tetrahydrocannabinol, the compound in cannabis plants that produces a high when present in sufficient amounts. Hemp, unlike its cousin marijuana, is low in THC. Hemp plants can be […]