Pay
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Newyork
The Dying Practice of Time and a Half
Time and a half for overtime is one of the best-known and most important protections for workers in the United States. Yet many employers routinely undermine the protection by misclassifying workers as managers and thereby making them ineligible for ...
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News
Biden and McCarthy Are Set to Discuss Debt Limit as Both Sides Trade Barbs
The hours leading up to the meeting have highlighted the differences between the White House and the Republicans who now control the House.
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News
Biden Demands Details on Budget Cuts From McCarthy
Ahead of a meeting at the White House on Wednesday, administration officials demanded that Republicans commit to avoiding a default on federal debt.
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News
A Key Measure of Wages Showed Moderation at the End of 2022
The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.
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News
‘Buy Now, Pay Later’ Is the Victim of its Own Success
What once seemed like attractive economics have been upended by increasing competition and rising interest rates.
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News
Goldman Sachs Slashes C.E.O.’s Pay After Bank’s Poor Performance
David M. Solomon earned $25 million in 2022, still a hefty sum but 30 percent lower than a year earlier.
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Newyork
The Real Debt Crisis Is Low Taxes
Washington’s favorite show, “Debt Ceiling Chicken,” is playing again in the big white theater on Capitol Hill. And once again, it is diverting attention from the fact that the United States really does have a debt problem. Republicans and Democrats ...
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News
The Week in Business: The Debt Limit and Politics
Credit...Giacomo BagnaraWhat’s Up? (Jan. 15-21) The U.S. Hits Its Debt Ceiling The United States hit its borrowing cap of $31.4 trillion on Thursday, setting the stage for a bitter fiscal fight in Congress over raising the limit. Treasury Secretary ...
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News
How the U.S. Government Amassed $31 Trillion in Debt
Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
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News
The U.S. Hit Its Debt Limit. What Happens Next?
The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.