Highest income generators now hold 26.5 percent of total household net worth. The Federal Reserve released income data for the month of June in late September, tracking a…
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FTC Fines TransUnion for Illegal Rental Background Check and Reporting
One fine was for poor screening and another for lying to customers. The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have issued two fines…
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Social Security and SSI to Increase Only 3.2% Next Year
The cost of living increase significantly less than the previous fiscal year. Social Security will increase their Supplemental Security Income (SSI) benefits by 3.2 percent for the 2024…
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President Meets with Company CEOs
The closed-door meeting covered the state of the economy and inflation. President Joe Biden held a closed-door meeting on Thursday with the leaders of prominent American companies, tapping…
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USPS Proposes Raising Stamp Prices to 68 Cents
Two-cent price hike to accommodate inflation would occur in January. The United States Postal Service (USPS) has proposed a two-cent price increase for first-class mail stamps, increasing their…
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Acting Labor Secretary Responds to September Jobs Report
Hospitality employment numbers draw an upbeat statement. Acting Secretary of Labor Julie Su expressed optimism over the latest employment report released by the Bureau of Labor Statistics. The…
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Senate Delegation to Visit China
Bipartisan group also scheduled to go to South Korea and Japan. Senate Majority Leader Chuck Schumer of New York along with Senator Mike Crapo of Idaho will be…
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White House Economic Advisor Cautiously Optimistic About Economy
He says he expects growth, barring “policy mistake” or “exogenous shock.” White House Council of Economic Advisors Chair Jared Bernstein recently expressed optimism about the U.S. economy, saying…
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FTC Files Complaint Against Amazon Business Practices
The commission has been drafting legal challenge alleging anticompetition since late 2022 The Federal Trade Commission (FTC) has been joined by 17 state attorneys general in filing a…
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USDA Seeks to Reduce Food Waste and Strengthen Local Food Systems
American Rescue Plan funding expands efforts to reduce food loss and promote community resilience. The U.S. Department of Agriculture (USDA) recently announced a $25 million investment to address…
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