Category Archives: Economy
EXPLAINER: Why the Social Security COLA is jumping next year
WASHINGTON (AP) — Rising inflation has triggered a sizable increase in Social Security's annual cost-of-living adjustment, or COLA, for 2022. The Social Security Administration announced the 5.9% COLA on Wednesday after a Labor Department report on inf...
House sends debt limit hike to Biden, staving off default
WASHINGTON (AP) — The House has approved a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the...
Progressives warn against ‘false choice’ in Biden bill trims
WASHINGTON (AP) — Progressive leaders in Congress are warning colleagues against a “false choice” over what to keep or cut as Democrats scale back President Joe Biden's now-$2 trillion package of social services and climate change strategies.
‘Difficult decisions’ as Biden, Democrats shrink plan to $2T
With the calendar slipping toward a new deadline, House Speaker Nancy Pelosi is warning that “difficult decisions must be made” to trim President Joe Biden’s expansive plans for reimagining the nation’s social service programs and tackling climate chan...
Texas order reflects growing GOP vaccine mandates hostility
SALT LAKE CITY (AP) — With the governor of Texas leading the charge, conservative Republicans in several states are moving to block or undercut President Joe Biden’s COVID-19 vaccine mandates for private employers before the regulations are even issued...
Florida fines key county $3.5 million for mandating vaccines
TALLAHASSEE, Fla. (AP) — Florida has issued its first fine to a county it says violated a new state law banning coronavirus vaccine mandates and for firing 14 workers who failed to get the shots.
Mississippi auditor demands payments in human services fraud
JACKSON, Miss. (AP) — The Mississippi auditor said Tuesday that he is demanding repayment of $77 million in misspent welfare money in one of the poorest states in the nation. This includes $828,000 the auditor is seeking from retired NFL
Line 5 opponents urging White House to reject Canada’s ‘audacious’ treaty gambit
WASHINGTON — Environmental activists in the United States are seizing on Canada's decision to invoke a 44-year-old treaty with the United States as an "audacious," misguided and misleading gambit aimed at short-circuiting Michigan's effort to shut down...
EU’s first green bond issuance raises $13.8 billion
BRUSSELS (AP) — The European Commission issued its inaugural green bonds Tuesday, raising 12 billion euros ($13.8 billion) from a sale that attracted strong demand from investors.
After 19 months, U.S. land border to reopen to vaccinated Canadians in November
WASHINGTON — Fully vaccinated Canadian vacationers and day-trippers will be allowed to drive into the United States beginning in early November, the Biden administration said Tuesday, the first glimmer of hope in nearly 20 months for the families and b...
