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Market volatility complicates work for lawmakers in Alaska, a state whose fortunes are tied to oil

  • Trump's tariffs and the volatility in oil prices have created uncertainty for Alaska lawmakers as they craft the state's budget based on oil revenue.
  • Alaska's government spending is tied to the boom-bust cycle of oil prices, spending more when prices are high and cutting costs when low.
  • Some Alaskan leaders hope Trump's threatened tariffs could lead to foreign investment in a proposed liquefied natural gas project in the state.
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Market volatility complicates work for lawmakers in Alaska, a state whose fortunes are tied to oil

Trump's on-again, off-again tariffs and a related drop in oil prices have contributed to the uncertainty for Alaska lawmakers tasked each year with crafting a state budget based on volatile oil prices.

·United States
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Juneau Empire broke the news in on Thursday, April 10, 2025.
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