Spaulding was among a handful of Democrats who
considered getting into the race. But he informed his staff and supporters this
morning that he intends to focus on the treasurer’s post.
The
financial turmoil on Wall Street is reverberating across Vermont’s state retirement funds. State
Treasurer Jeb Spaulding says the market slump has caused a decline in the
investment portfolios overseen by his office. But
Spaulding says the downturn has not affected the benefits paid out to
retirees.
VPR’s
John Dillon reports.
Vermont State
Treasurer Jeb Spaulding is urging Vermonters to speak out before the Aug. 4
deadline for comments on changes to federal rules designed to crack down on
what Spaulding calls unfair charges and billing practices by credit card
companies.
The state of Vermont is considering investing a portion of its
multibillion dollar pension fund in businesses that promise to strengthen the
state’s economy.
Governor Jim Douglas’s economic proposal is aimed at boosting construction and
making it easier for people to buy homes. But
as lawmakers study the plan before the end of the legislative session, there
are questions about how much economic growth will actually result.
VPR’s
John Dillon has more: