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Economy

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The provision comes in the budget bill passed by Republicans in both chambers of Congress. The issue may be more complicated than it seems, industry watchers and workers say.

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More from Economy

After 10 years and millions in state dollars, has Rochester’s Destination Medical Center plan lived up to the promise?

Minnesota’s largest public-private partnership has sparked billions of dollars in investment in downtown Rochester — but not without a few bumps along the way.
May 20, 2025

Minnesota pensions embraced investing in private equity, a big risk that’s paid off

Like funds across the country, Minnesota increased its investments after the Great Recession. The $96 billion combined funds are invested on behalf of about 800,000 retirees, survivors and current state employees.
May 17, 2025

Market volatility leaves some Minnesotans uneasy about 401(k) retirement investments

Financial advisors fielded nervous calls, telling clients to avoid hasty decisions. Other investors took the swings in stride.
May 16, 2025

Amazon to build new distribution center south of Rochester

The online retail giant plans to build a nearly 84,000-square-foot “last-mile” facility in Stewartville.
May 16, 2025

Minnesota’s bedrock public companies grasp for control as uncertainty swirls

President Trump’s trade war, sticky inflation, still higher interest rates and anxious consumers all have caused companies to operate in crisis mode. Economists worry that will affect long-term growth.
May 15, 2025

Recessions are a normal part of how the economy ebbs and flows. How this time is different.

While the U.S. isn’t in a recession currently, economists are predicting a downturn after tariffs-fueled uncertainty.
May 14, 2025

Supply chain pro says tariffs affect not just economy, but national security

University of St. Thomas business professor Scott Martens sits down for a Q&A on global trade, supply chains and tariffs.
May 13, 2025
The Kwai Tsing Container Terminals in Hong Kong on April 7, 2020. The coronavirus pandemic may prompt some countries to reexamine their reliance on far-flung supply chains. (Lam Yik Fei/The New York Times)

With trade war pause, Minnesota firms rush to place orders from China, wary of what’s next

U.S. and Chinese negotiators worked out a deal to lower tariffs for 90 days.
May 13, 2025

Minneapolis council to consider new 2% fee on hotel rooms to boost tourism

About $6 million would be generated to market Minneapolis, hold events and train and develop the hospitality workforce
May 12, 2025

White House $5K ‘baby bonus’ would do little to offset cost of raising a kid in Minnesota

Fertility rates across the globe are dwindling, prompting governments like President Donald Trump’s administration to propose incentives for women to have children.
May 11, 2025

A Minnesota eye on extravagant Berkshire Hathaway annual meeting in Omaha

Renowned investor Warren Buffett surprised a crowd of thousands Saturday with his plans to retire at the end of the year. The company is behind Twin Cities-based businesses like DQ and HomeServices of America.
May 5, 2025

Ramstad: Effort to change the ban on noncompetes emerges in the Legislature

Our columnist is less certain about the outright ban than he was two years ago.
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