Economy

The legal battle, two state officials privately acknowledged, carries one of the highest price tags for outside lawyers in decades.

House Democrats on Monday teed up a spending plan that goes well beyond what Shapiro proposed for the fiscal year starting July 1.

The Pennsylvania legislature has a June 30 deadline to complete a multibillion-dollar budget. Here’s what you need to know.

They are increasingly targeting corporations, asset managers, and retirement funds with both moral suasion and financial muscle.

Biden’s speech on Friday, scheduled for 7 p.m. EDT, will be the most extended remarks from the Democratic president on the compromise.

Perhaps most critical to locking up the debt limit deal were President Joe Biden and House Speaker Kevin McCarthy’s five handpicked negotiators.

New data from the U.S. Bureau of Labor Statistics shows that health services and hospitality drove job growth across the Philadelphia metro area over the past 12 months.

Swift passage by the Senate would ensure government checks will continue to go out to Social Security recipients, veterans and others and would prevent financial upheaval.

The debt ceiling and budget cuts package is heading toward a crucial House vote.

The Republican speaker urged GOP skeptics Tuesday to look at “the victories” in the package he negotiated with President Joe Biden.

The agreement is a two-year budget deal that would essentially hold spending flat for 2024, while boosting it for defense and veterans, and capping increases at 1% for 2025.

The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions.

The Philadelphia Federal Reserve’s monthly survey of manufacturers found that activity in the region continued to decline for the ninth time in a row.

In his first budget as governor, Shapiro has pitched a 266% funding boost to the Municipal Assistance Program.

Last time Philly elected a new mayor, the economy was recovering from a recession. Now that new leaders are poised to take over, experts weigh in on the future of the city.