Why our federal judges deserve a decent pay increaseSteve Lubet
OPM is issuing a final rule to bar the government from considering a person’s current or past pay when determining their salary for federal jobs. The Federal Salary Council also suggests in its examination of the federal pay scale that the GS base pay increase in 2025 would...
The federal interest rate, more accurately known as the federal funds rate, is how much the government thinks banks should charge to lend money to each other. It also serves as abenchmark ratefor all the loans banks give others.(That means us.) It’s usually expressed as a range. For ...
a record high. Car owners have anaverage balance of $20,987. Fortunately, most car loans have fixed-rate interests, so even if the federal funds rates increase, your monthly payments won't increase if you've already locked in your rates. ...
night lending among commercial banks goes down. If the Fed wants to increase the rate, it could do the opposite by going into the open market and selling government securities. This reduces the amount of cash in the financial system and encourages banks to charge each other a ...
Federal workers are getting a bump in their pay next week. The Canadian government has announced that it will raise the federal minimum wage from $15.55 to $16.65 per hour on April 1, 2023. Employment and Social Development Canada (ESDC) says this increase is to keep pace withinflation, wh...
In the United States, most recent data still points to a solid economy and strong hiring. Employers added a robust 311,000 jobs in February, the government report. And while the unemployment rate rose, from 3.4% to a still-low 3.6%, that mostly reflected an influx of new job-seekers who...
rate lower than the rate of inflation. The federal funds rate represents the rate that banks pay to borrow reserves from other banks. This rate influences other short-term rates, including the prime rate and the interest rate on U.S. Treasury bills. The aggressive Federal Reserve policy ...
Federal, state, and local governments can determine the minimum amount you can pay employees. Learn the answer to what is minimum wage here.
Parent PLUS loans often have the highest interest rates of all the government's federal student loans. All loans have maximum amounts set annually, with each successive year allowing for a specified increase. Federal direct loans often have more favorable interest rates than private loans. ...