LWOP can be used regardless of whether the employee has sick or annual leave remaining, but those who accumulate more than 80 hours will have their annual and sick leave balances reduced by the amount they would have earned during the pay period when the 80-hour mark was crossed. Health and...
Forretirement benefit computationpurposes, an aggregate nonpay status of six months in any calendar year is creditable service. Coverage continues at no cost to the employees while in a nonpay status. When employees are in a nonpay status for only a portion of a pay period, their contributions...
conforming and government-backed loans remained generally available. Credit card balances continued to grow at a robust pace, though a significant net share of SLOOS respondents indicated that lending standards for credit cards tightened further in the first quarter....
All calendar days shall be included in calculating any period of time under these Rules. If the last day of any period of time under these Rules is not a business day at the place of receipt in accordance with Rule 2.01, the period is extended until the first, following business day. (...
The Federal Reserve operates independent of the rest of government. That means the president doesn’t tell the Fed what to do and the Fed doesn’t factor politics into its decisions. The central bank’s commitment to making nonpartisan decisions is crucial to its effectiveness. Therefore, the ...
providing borrowers with a window of time before they are required to commence repayment. During this period, interest on Direct Subsidized Loans is typically covered by the federal government, while interest on Unsubsidized Loans accrues but does not need to be paid until after the grace peri...
Now that the heavy-duty trucks are available, the company says, few customers want to pay for them. Pricier Insurance Makes Sense as Climate Risk Grows, Chubb CEO Says SAN DIEGO, Calif.-Surging insurance premiums in regions vulnerable to climate change ma...
The Federal Reserve, established in 1913, was a prime example of the dream-world that President Woodrow Wilson imported from the theorists of the German Empire—the notion of government based on the superior knowledge of independent experts that bypasses the messy and undisciplined world of democrati...
While the debt ceiling negotiations are taking place, there will be a period in which the debt ceiling is binding the Treasury from issuing bonds. During this time, the Treasury will be forced to draw down its Treasury General Account (TGA) to fund government obligations, which will temporarily...
Congress is also resuming itsfight on immigrationthis week against the backdrop of alooming partial government shutdown. Often absent from their bickering is the economic impact of immigration. At a time when arecord numberof migrants have crossed into the country, the economic implications carry...