Fed rate increase is 3rd this year; foresees 3 more in 2018

Federal Reserve Chair Janet Yellen speaks during a news conference following the Federal Open Market Committee meeting in Washington, Wednesday, Dec. 13, 2017. The Fed said Wednesday that it's lifting its short-term rate by a modest quarter-point to a still-low range of 1.25 percent to 1.5 percent. It is also continuing to slowly shrink its bond portfolio. Together, the two steps could lead over time to higher loan rates for consumers and businesses and slightly better returns for savers. (AP Photo/Carolyn Kaster)

Fed boosts key interest rate for third time this year to range of 1.25 percent to 1.5 percent

GOP tax plan trims top rate for wealthy, cuts corporate rate

FILE - This Sept. 27, 2017 file photo shows Senate Majority Leader Mitch McConnell, R-Ky., center, joining Speaker of the House Paul Ryan, R-Wis., and other GOP lawmakers to talk about the Republicans' proposed rewrite of the tax code for individuals and corporations, at the Capitol in Washington. The Republican tax plan will deliver a swift adrenaline shot to the economy that will send hundreds of billions pouring into federal tax coffers, the Trump administration asserts in a new analysis. House and Senate negotiators are rushing to finalize the tax legislation and deliver the promised measure to President Donald Trump before Christmas. Trump will try on Wednesday, Dec. 13, 2017 to sell the American people on an unpopular GOP tax overhaul. (AP Photo/J. Scott Applewhite, file)

A massive Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.

Last location of New England retail chain Benny's closes

The former Benny's store in Waterford is pictured in this undated photo.  (Dana Jensen/The Day)

The final location of the 93-year-old southern New England retail chain Benny's has closed for good


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Cote leaves Eastern CT chamber to become president of Shoreline Chamber

After 13 years with the Chamber of Commerce of Eastern Connecticut, Sheri Cote is leaving her position as vice president to become president of the Shoreline Chamber of Commerce.

Bitcoin futures soar amid frenzy over virtual currency

This Friday, Dec. 8, 2017, photo shows the Chicago Board Options Exchange website announcing that bitcoin futures will start trading on the CBOE on Sunday evening, Dec. 10.  Bitcoin's debut on a major U.S. exchange was a hit, with the price of the first-ever futures contract for the virtual currency rising 20 percent.  (AP Photo/Kiichiro Sato)

Bitcoin's debut on a major U.S. exchange was a hit, with the price of the first-ever futures contract for the virtual currency rising 20 percent

Chelsea Groton reinvents bank branch

Chelsea Groton Bank employee Lillian Cook, left, meets with customer Corina Pinder in the newly remodeled Chelsea Groton Bank branch in the Oak Tree Plaza on Gold Star Highway in Groton Tuesday, Dec. 5, 2017. (Sean D. Elliot/The Day)

Chelsea Groton Bank has reinvented branch banking in the region with the completion of a major renovation at its Center Groton location.