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finance

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It's almost year since a financial oversight board was set up to resolve the debt crisis on the island of Puerto Rico. The Puerto Rican government owes about $9 billion, and as the anniversary approaches, it looks likely that changes could be made to the way that debt is restructured. 

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State Rep. Vincent Candelora proposed legislation that would impose a six percent tax on medical marijuana.

The smallest faction in the divided State Senate, the Independent Democratic Conference, has been permitted by the ruling party Republicans to issue its own alternate spending plan. That has angered the rest of the Democrats.

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Changes to Connecticut's "bottle bill" continue to be discussed by lawmakers. The debate centers around whether a recycling system developed decades ago is still viable.

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Governor Malloy’s budget plan promises to aid struggling cities, but many towns are concerned about footing more of the bill.

This hour, we ask municipal leaders and lawmakers about Malloy’s budget proposal and we want to hear from you. 

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Republicans in Congress are mulling an obscure rule change that could threaten Connecticut's newly established, state-sponsored retirement savings plan. 

Connecticut Department of Energy and Environmental Protection Commissioner Rob Klee says the state will continue to receive EPA grant money for its two largest projects. The announcement comes after President Donald Trump’s administration ordered the EPA to freeze its grant spending last week.

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When you buy a container of soda, water, or beer, you pay five cents -- and if you return the bottle or can to be recycled, you get that money back. In Connecticut, the program is called “the bottle bill,” and it’s been around since 1980. But now, some are worried the whole system is on the verge of falling apart.

Connecticut officials are now projecting that the state will end this fiscal year with a $23 million surplus, as stated in a letter sent by Governor Dannel Malloy’s budget director to the state comptroller on Friday.

New Haven Promise

For some, the journey to higher education can feel more like a dead end -- an opportunity stifled by rising tuition fees and the weight of student loans.

Here in Connecticut however, initiatives such as New Haven Promise and Hartford Promise are working to make college more attainable to students.

This hour, we find out how. We sit down with officials from each Promise program and we also hear from you. 

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Governor Dannel Malloy hasn’t yet ruled out cuts to municipal aid as he prepares his budget proposal. 

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  Vin Baker was an Olympic basketball player and four-time NBA All Star. The journey from University of Hartford to professional basketball got him rich quick, but it was a lifestyle he couldn't keep up with.

Baker's struggle with alcoholism is well-documented, as is the fact he blew through $100 million. He lost his home and restaurant.

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President-elect Donald Trump appears to have fossil fuels on his mind as he makes his cabinet picks: The former governor of Texas at the Department of Energy, an ExxonMobil CEO running the State Department, and Oklahoma’s attorney general for the Environmental Protection Agency.

But it’s an uncertain time for Republicans who have embraced clean energy. Do renewables fit into this conservative agenda? 

Harriet Jones / WNPR

President Barack Obama signed into law on Tuesday the 21st Century Cures Act. The new legislation contains $1 billion in funding to combat the opioid addiction epidemic. Connecticut activists say that it's vital this state secures its fair share of the money. 

A federal court has fined a Connecticut investment company $22 million for running a Ponzi scheme. Sharon-based Wilkinson Financial Opportunity Fund bilked 30 investors out of $11 million.

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