Social security annual cost-of-living set to increase in 2022

Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022.

Companies hard-pressed for holiday staff despite millions of job openings

Companies that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they’ll find all the workers they need.

Americans quit jobs at highest rate on record in August, Labor Department says

One reason America’s employers are having trouble filling jobs was starkly illustrated in a report Tuesday: Americans are quitting in droves.

Nobel prize for economics awarded to 3 in US for societal research

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

Over 130 countries reach agreement on minimum corporate tax rate

More than 130 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax.

September jobs report: US adds weak 194K jobs as delta maintains hold

U.S. employers added just 194,000 jobs in September, a second straight tepid gain and evidence that the pandemic still has a grip on the economy.

Debt ceiling: Deal reached with GOP on short-term fix, Schumer says

A debt ceiling deal that would temporarily raise the limit through December has been reached with Republicans, Senate Majority Leader Chuck Schumer said.

Biden stresses consequences of failing to raise debt ceiling in meeting with CEOs

With the clock ticking on America’s debt limit, President Joe Biden called a meeting with CEOs of major businesses to stress the importance of raising the debt ceiling.

$20.75M Lotto Texas jackpot-winning ticket sold in Houston

A jackpot-winning Lotto Texas ticket worth an estimated annuitized $20.75 million was sold in Houston, and the prize has not yet been claimed.

Biden says 'everybody is frustrated' as Dems battle over infrastructure, spending bills

As Democrats work to resolve the rift stalling President Joe Biden's agenda, the president told reporters on Saturday, “Everybody is frustrated. That’s part of being in government.”

Dollar General accused of age-based harassment, retaliation in lawsuit

The Equal Employment Opportunity Committee is suing Dollar General for allegedly violating the Age Discrimination in Employment Act.

House prepares for clash over $1.5 trillion infrastructure bill

Pelosi said she wants to see the House pass Biden's, $1.5 trillion infrastructure bill Thursday, though she suggested the vote might face delays

4 indicted in alleged scheme to launder Target gift cards

The suspects obtained more than 5,000 fraudulently purchased Target gift cards, then distributed them to "runners" who used the cards at stores primarily in Los Angeles and Orange counties to purchase electronics and other items.