Commentary On Tuesday, Jan. 19, 2021, the Treasury secretary designate Janet Yellen outlined before the Senate Finance Committee the likely course of President Joe Biden’s economic policies in the months ahead. Given the fragile state of the U.S. economy as a result of Covid-19, Yellen favors Biden’s $1.9 trillion spending plan to provide support to the…
What to Expect From Bidenomics
January 28, 2021
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Senate Democrats Introduce Bill to Raise National Minimum Wage to $15 An Hour
A coalition of Democrat lawmakers introduced a bill on Tuesday that would raise the national minimum wage to $15 an hour. Sen. Michael Bennett (D-Colo.) and 37 other Democrat senators have put forward the Raise the Wage Act 2021 (pdf), which would raise the federal minimum wage in five increments to reach $15 per hour by…
Biden Orders $15 Minimum Wage for Federal Employees, Overrides Trump Orders
President Joe Biden on Friday signed an executive order that requires federal contractors to pay at least $15 per hour and provide employees with emergency paid leave. The order instructs the Office of Personnel Management to develop recommendations to agencies that would ensure as many employees as possible get a $15 per hour minimum wage….
California’s Minimum Wage Raised to $14 per Hour
Minimum wage in California has been increased to $14 per hour, as new business and labor laws come into effect Friday. The change applies to businesses that have 26 or more employees. Businesses with 25 or fewer employees are required to increase the minimum wage to $13 an hour. Gov. Gavin Newsom said in a…
NTD Business Full Broadcast (Dec. 31)
New York restaurants are not celebrating New Year’s Eve like they usually do — and some diners are disappointed. We hear from New Yorkers. Event businesses in California find new ways to help people celebrate New Year’s Eve — and try to recapture business. This used to be one of their biggest day for sales. Investment…
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