Daily Report PM

Why Louisiana is uniquely vulnerable to cuts in Trump’s megabill

As Congress races to finalize a sweeping budget bill ahead of the July 4 deadline, Politico spotlights the alarm growing in Louisiana.  The proposed legislation—central...

How Trump’s tax bill aims to reshape charitable deductions 

Congress is looking to revive charitable giving—especially among everyday donors—but the House and Senate have different approaches, The Wall Street Journal writes.  Both chambers are...

US companies to face new requirements on how they report government grants

The Financial Accounting Standards Board is finalizing a new rule requiring U.S. companies to consistently report government grants—part of a broader effort to bring...

First Dutch Bros Coffee site is snapped up for $650K

The 0.67-acre tract set to be the site for Louisiana’s first Dutch Bros Coffee location recently changed hands. Texas company BS Dutch BR I, LP,...

Unemployment among young college grads exceeds the overall jobless rate

Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade. The unemployment...

Roundup: Budget item vetoed / Mortgage rates / $100M AI hub

Obesity drugs: Gov. Jeff Landry struck language from the Louisiana budget plan that could have provided state employees and public school teachers with insurance...

Louisiana enacts its own ‘REINS Act’ to control regulatory spending 

Louisiana agencies will soon face a higher bar before they can roll out regulations that carry big price tags. Gov. Jeff Landry on Wednesday signed...

This engineering firm is building a new corporate home in Baton Rouge

Providence, an engineering and environmental consulting firm, has broken ground on its new corporate headquarters in Baton Rouge. The firm will relocate from its...

Louisiana’s $80M energy efficiency program is under fire

A little-known Louisiana program has funneled nearly $80 million into energy efficiency upgrades for schools, parks, and other public buildings—without competitive bidding or independent...

How the new budget bill could complicate next year’s taxes

The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through...

Roundup: Bayou Sauvage / CVS responds / Single-family homes

No longer protected: Bayou Sauvage, a key marshland refuge on New Orleans’ eastern edge, may no longer qualify as protected wetlands under a new...

What we know about Shell’s possible BP megamerger 

Shell is in early talks to acquire BP in what could be the largest oil merger in decades, according to people familiar with the...

School shopping remains strong even as parents feel the financial squeeze

Despite economic uncertainty, families aren't skimping on back-to-school spending this year, according to a new PwC survey of nearly 2,000 parents, CNBC reports.  Nearly 75%...

Baton Rouge and other boom buyers now owe more than their homes are worth

Some homeowners who bought near the peak of the pandemic housing boom are now finding themselves underwater—owing more on their mortgages than their homes...

Roundup: Student loans / Paul Arrigo / Tire waste 

In a bind: Nearly two million student loan borrowers are at risk of having their wages garnished this summer. Roughly six million federal student-loan...

Area housing market shows signs of stability

The Baton Rouge residential market has begun to show benefits for both buyers and sellers with increased inventory and gains in median prices. “It's a...

The Fed is holding steady despite pressure to cut rates

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome...

From batteries to biofuels, LSU is investing $1M in energy research

The LSU Institute for Energy Innovation on Tuesday announced nearly $1 million in grant funding for energy-focused research initiatives. The institute received a total of...

As pandemic windfalls fade, states are feeling the revenue pinch

After pandemic-era surpluses fueled tax cuts and new spending, state governments are now grappling with slower revenue growth, Governing writes.  By the end of 2024,...

Dermatology clinic acquires the site of its new Prairieville office for $2.1M

Atlas Dermatology has purchased the property on La. 73 in Prairieville housing its new office. The company bought the property from Haddad Contractors LLC for...