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Lamont is attacking the $2 trillion federal deficit. Connecticut still owes about $80 billion

Governor Ned Lamont, right, meets with reporters after a gubernatorial debate against State Senator Ryan Fazio at WFSB in Rocky Hill on October 22, 2026. Democratic Gov. Ned Lamont and his reelection campaign mostly mention state debt to trumpet how Connecticut paid off $11.5 billion in long-term pension liabilities early during his two terms in office. The governor is now spotlighting the $2 trillion federal deficit in a new TV attack ad tying Republican challenger Ryan Fazio to President Donald Trump. What state voters are not hearing a lot from Lamont and his campaign is how many tens of billions more Connecticut owes in long-term obligations, including the remaining pension debt, unfunded liabilities for retiree healthcare and bonded debt indebtedness. Neither Fazio as a Connecticut state senator from Greenwich, nor Lamont as the chief executive of the state sitting in Hartford is…

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More in Policy and Society

Home Sellers Are Lowering Their Price and Helping Buyers to Make a Deal in a Stagnant Market

A stagnant housing market hampered by surging mortgage rates, years of soaring home prices and an economy undercut by rising inflation has many sellers stuck in limbo as homes go months without an offer Home Sellers Are Lowering Their Price and Helping Buyers to Make a Deal in a Stagnant Market Across the nation, a stagnant housing market is leaving many sellers in limbo, unable to relocate for a new job, buy their next home to accommodate a growing family, or follow through with other major life decisions that necessitate selling their home. Sellers who have the option to pull their listing off the market are generally doing so. Those who don't are under increased pressure to lower their asking price and also kick in thousands of dollars toward a buyer’s costs, real estate agents say. The trend marks a stark turn from earlier this decade, when sellers often received well above their…

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More in Fields and Topics

Govt moves to curb yarn imports, RMG exporters unhappy

The commerce ministry has recommended that the revenue board end the duty-free import of certain types of yarn under the bonded warehouse facility. Local spinners have welcomed the recommendation, but local apparel manufacturers say this could push up production costs and undermine the country’s export competitiveness. In a recent letter to the National Board of Revenue (NBR), the ministry recommended withdrawing the bonded facility for importing yarn of 10 to 30 count - a medium-to-coarse thickness range widely used in knitwear manufacturing. A higher count indicates less thickness. The ministry cited mounting pressure on local spinning mills from cheaper imports, particularly from India. Readymade garment exporters say the proposal risks unsettling the country’s largest export sector at a time of global uncertainty and intense price competition. Leaders of the Bangladesh Garment…

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Building the economy Africa needs

Yemi Kale As geopolitical tensions reshape the world economy, Africa faces a choice: it can allow itself to be carried along by events into an uncertain future or it can use the ongoing shifts in the international order as an…

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More in Tariffs and Trade

African Tech Leaders: Answer Three Questions Before Licensing Data to AI

Which entity, which records, which rules: a precise fit check keeps African technology leaders from chasing an AI licensing deal on false assumptions. Concept illustration: eligibility follows the signing company, its systems and its data, not the network. The board meeting ends with one action item for the CTO of a Kampala fintech: find out whether ten years of support history can be licensed for AI training. The company is illustrative, and so is its structure, with a holding entity in Mauritius and engineers in Nairobi. The tempting next step is a pitch. The useful next step is three questions: which company, which collection, and under which program’s rules? For anyone exploring enterprise data licensing in Africa, that precision matters more than enthusiasm, because a global AI opportunity does not automatically accept every company location or every archive. Identify the legal…

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Press Release

View printer-friendly version DOWNERS GROVE, Ill., Oct. 22, 2026 /PRNewswire/ -- Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the third quarter ended September 30, 2026. All…

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