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The president's budget details his ambitious (and costly) plans to invest in infrastructure and the social safety net — the likes of which the country hasn't seen in decades.
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Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.
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Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
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Congressional forecasters expect the federal deficit will hit the second largest in decades, even without factoring in President Biden's proposed $1.9 trillion coronavirus relief plan.
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Raising the federal minimum wage to $15 remains a priority of President Biden and Democrats after the Senate approved an amendment prohibiting a wage increase during the pandemic.
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Congressional forecasters expect the federal deficit to reach $3.3 trillion during the current fiscal year. By 2023, government debt will reach an all-time high of 107% of GDP.
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Another 3.2 million people filed for benefits, bringing the total number of jobs lost during the pandemic to 33.5 million. The government is expected to report a huge jump in unemployment Friday.
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A new report from the Congressional Budget Office shows increasing the federal minimum wage to $15 an hour would boost the wages of 17 million workers and…
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The nonpartisan Congressional Budget Office released its first 10-year economic outlook to factor in the GOP's 2017 tax cuts and a recent two-year spending deal.
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Republicans have been toying with repealing the Affordable Care Act insurance mandate in their tax bill. The Congressional Budget Office says that would save money but make coverage much more costly.