Unemployment decreased by 0.2%. The Department of Labor released its latest statistics about the U.S. job market on Friday, finding that a total of 531,000 new jobs had…
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Fertilizer Shortages May Impact Food Costs
Hurricanes, supply chain issues, and natural gas shortage have contributed. Food prices are already up this year, in some areas as much as 30 percent, and now issues…
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G20 Leaders Endorse Global Minimum Tax
The deal removes offshore incentives for American companies. World leaders meeting in Rome on Sunday for the G20 summit announced their endorsement of global minimum tax. The leaders…
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Budget Results Released for Fiscal Year 2021
Treasury secretary and acting OMB director issue joint statement. U.S. Treasury Secretary Janet Yellen and White House Office of Management and Budget Acting Director Shalanda Young released a…
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Unemployment Claims Drop to 290,000 Last Week
2 million jobs likely will not return to the economy. The Department of Labor released the latest figures measuring the U.S. job market on Thursday. The report found…
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2022 Social Security Benefits Getting a Boost
The increase is the largest in nearly four decades. Roughly 70 million Social Security beneficiaries will see a 5.9 percent increase in their payments beginning next year. The…
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Higher Inflation Creating Pressure on Consumers
President seeks help from the private sector. The Department of Labor reported this week that consumer prices increased solidly in September. Americans are now paying more for food,…
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President Signs Bill Temporarily Raising Debt Limit
Federal default averted until December. President Joe Biden signed legislation on Thursday temporarily increasing the government’s borrowing limit to $28.9 trillion, delaying the deadline for debt default until…
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Unemployment Claims Drop by 36,000
New unemployment applications at the lowest level since the start of the pandemic. The Department of Labor released its report on Americans applying for unemployment insurance on Thursday.…
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Social Security Cost of Living Benefit Increased for 2022
5.9% increase aims to address rising inflation. The Social Security Administration announced on Wednesday that it would be increasing its cost of living adjustment (COLA) by 5.9% in…
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