Federal minimum wage to rise on Tuesday
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Fast-food waitress Fawn Townsend of Raleigh, N.C., knows exactly what she is going to do if her salary goes up with Tuesday's increase in the federal minimum wage: start saving for a car so she can find a second job to make ends meet.
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Union leaders and advocates for the poor are uniting behind an effort to raise the state's $6.75-an-hour minimum wage for the first time since 2001 and to tie future increases to the inflation rate, a move that would make Massachusetts only the fourth state in the nation to establish that link.
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Federal Reserve officials raised a key short-term interest rate Tuesday for the fifth time this year, and indicated they will gradually move rates higher next year to keep inflation under control as the economy expands.
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The Federal Reserve, wanting to keep inflation at bay, is expected to boost short-term interest rates for a third time this year on Tuesday, a move that would come in the final stretch of the presidential campaign.
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Democrats plan to press for a minimum wage increase and "tough, smart" national security in their final push to wrest power from the Republicans in the November elections.
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The minimum wage in the US will rise by $2.10 per hour, the first rise in a decade, after a vote by the US Congress.
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U.S. stocks were set to open slightly higher on Tuesday as data showed unit labor costs gained less than expected in the third quarter, soothing investor fears about wage inflation.
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WASHINGTON -- Federal Reserve officials are expected to nudge interest rates up tomorrow for a fifth time this year, another small step in a campaign to gradually lift borrowing costs before inflation rears its head.
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The Federal Reserve will raise interest rates Tuesday. It is a done deal. The Fed has been strongly hinting for months that it would raise short-term rates back to more normal levels. At the same time there has been an assumption in the financial markets that long-term rates -- the ones that determine mortgage rates -- would be rising as ...
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After a decade-long wait, America's lowest-paid workers saw Congress poised Thursday to increase the federal minimum wage by $2.10.
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The Spanish government has reached an agreement with unions and employers to raise the minimum monthly wage by 4.5 percent to euro512.90 (&#36;699) on Jan. 1, news reports said Tuesday.
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The Senate voted overwhelmingly Thursday to boost the federal minimum wage by $2.10 to $7.25 an hour over two years, but packaged the increase with small business tax cuts and limits on corporate pay that could complicate its path to become law.
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By Tim Ahmann WASHINGTON  - Federal Reserve officials are expected to nudge interest rates up on Tuesday for a fifth time this year, another small step in a campaign to gradually lift borrowing costs before inflation rears its head.
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A Democratic campaign promise to boost the federal minimum wage for the first time in a decade moved closer to completion on Tuesday when U.S. Senate Republicans lifted a roadblock against it.
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The Federal Reserve is expected to nudge interest rates up today for a fourth time this year, acting on the belief that the economy has finally emerged from an extended &#39;&#39;soft patch.
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NEW YORK, September 20  - The US Federal Reserve is expected to raise the interest rates and announce its plans for further rate hikes tomorrow.
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WASHINGTON -- Paychecks could surge or shrink for a few or for millions of workers across the country starting today, when sweeping changes to overtime pay rules take effect.